Cycas Signs Deal for Normandy Hyatt Place

Date: September 2018

Location: Rouen, Normandy, France

Name: Hyatt Place Rouen – opening 2021

No. of Keys: 78

Seller: The hotel is on the site of a former teacher training school,

Buyer: Matmut Group whose CEO is Nicolas Gomart, is a major insurance company in France with its HQ in Rouen.

Cycas Hospitality will manage the Hyatt Place hotel in Rouen, the capital of Normandy.

The signing marks Cycas’ second deal in France as it aims to have 3,000 guest rooms under management across the country by 2022.

The converted 4,500 square metre 19th century building is located close to the city centre, several business parks and the main SNCF railway station.

The boutique-style hotel will offer a bar, restaurant and terrace with views over the city. Facilities will include a meeting spaces for approximately 100 people, a ballroom, gym, swimming pool and spa, plus extensive outdoor space and parking facilities.

Cycas currently manages Hyatt Place London Heathrow Airport and will also operate the dual-branded Hyatt Place and Hyatt House property near Paris Charles De Gaulle Airport. Expected to open in 2020, this airport development will be the first dual branded Hyatt property in Europe.

Asli Kutlucan, partner at Cycas Hospitality, said: “Our expansion into mainland Europe is gathering considerable momentum as we capitalise on the growth opportunities we’ve identified across both primary and secondary cities. Given our target to have a portfolio of 10,000 rooms across the continent by 2022, including up to 3,000 rooms in France, this hotel management agreement demonstrates how Cycas has evolved over the last decade

“We are proud to be cementing our relationship with Hyatt by managing the Hyatt Place Rouen as an urban oasis for both business and leisure travellers. The city is fast establishing itself as one of the country’s most forward-thinking business locations and, with our new hotel dating back to 1886, we’re excited to be part of Rouen’s commercial renaissance,” she added.

Nuno Galvao Pinto, regional vice president development, Europe and North Africa at Hyatt Hotels, said: “Given our long-standing relationship with Cycas, we are pleased that they will manage the new Hyatt Place in Rouen. The city is expanding swiftly thanks to both a growing business district and increasing tourist numbers and we are delighted to be collaborating on our third French property together.”

THPT Comment: Cycas and Hyatt continue to grow well together.

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