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HYATT HOTELS CORPORATION

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Hyatt Hotels Corporation Announces Opening of IL Tornabuoni Hotel in Florence

10/11/2021 | 02:00am EST

Hyatt Hotels Corporation announced the opening of IL Tornabuoni Hotel in Florence. The luxurious 62-bedroom Renaissance-inspired former palace signifies the debut of The Unbound Collection by Hyatt brand in Italy, known for its independent, one-of-a-kind hotels that offer bespoke experiences that inspire guests. Whether it is a captivating past, an exclusive location, famous architecture and design or an award-wining dining experience, each property within The Unbound Collection by Hyatt brand maintains a distinct character and the freedom to be unique, while still providing guests with the World of Hyatt loyalty program and a trusted brand name and reputation. This historical property – formerly the Palazzo Minerbetti – has undergone significant restoration since its early days as an urban palace hosting well known figures like the Grand Duke of Tuscany, better known as Cosimo de Medici lll. His patronage of science, architecture, literature and arts contributed to the cultural heritage of Florence and is reflected throughout the hotel via updates to guest rooms and suites, public spaces, the terrace and more. Carefully curated in colors of red, blue and gold, each of the 62 guestrooms reflect the Renaissance era that Florence is known for, epitomizing the rich history and artistic magnificence of the period and allowing guests to create story-worthy experiences during their stay. Located along Via de Tornabuoni, one of the most prestigious streets in Florence, guests can explore this cultural heritage, taking a short stroll to admire Palazzo Strozzi, the Cathedral of Santa Maria del Fiore or the Uffizi Gallery. Guests can also step back in time with a climb up Giotto’s Campanile, a marbled Gothic tower that delivers spectacular views across the city, or find the historic Ponte Vecchio, the famous Medieval bridge hosting authentic Italian jewelry shops, right at their doorstep. Each of the 62 guestrooms reflect the history and beauty of the Renaissance era that Florence is known for thanks to their stylish design and historic names. Complete with bold gem-tone colors and luxurious furnishings, each room epitomizes the rich history and artistic magnificence of the period, allowing guests to enjoy story-worthy experiences during their visit. The hotel boasts five extraordinary restaurants that offer fine food and wine and hospitable company at their core. From breakfast, to an aperitif, to dinner, Il Magnifico Ristorante is open to both hotel guests and locals alike, connecting guests with the surrounding community throughout the day. The neighboring Il Magnifico Cafè is a notable spot to enjoy an evening aperitivo with small bites complemented by expertly prepared cocktails and a complete Champagne and wine list. Deep within the heart of IL Tornabuoni, La Cave boasts a vast selection of renowned Italian, French, and other international wines. Intimate and elegant, the Lucie Restaurant provides guests with a one-of-a-kind rooftop view of the city whilst the Butterfly Terrace serves signature cocktails providing a gateway to the rich history and charm of the Renaissance capital. Fitness Center: The bright and spacious fitness center offers equipment and personal training sessions. For those looking for less conventional fitness experiences, guests can take advantage of yoga on the rooftop terrace and the private golf courses in the surrounding countryside. The opening of IL Tornabuoni Hotel represents a significant milestone for Hyatt as The Unbound Collection by Hyatt brand debuts in Italy and marks the first Hyatt hotel in Tuscany. IL Tornabuoni Hotel proudly joins a stunning portfolio of Hyatt branded hotels in Italy which includes Park Hyatt Milan, Hyatt Centric Milan Centrale, Hyatt Centric Murano Venice, and most recently The Tribune Hotel. IL Tornabuoni Hotel will be managed by the AG Group, which is proud to work with Hyatt and to leverage Hyatt's global distribution network as well as the award-winning World of Hyatt loyalty program, while maintaining IL Tornabuoni’s unique individuality and independence.


ę S&P Capital IQ 2021
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Financials (USD)
Sales 2021 2 940 M - -
Net income 2021 -221 M - -
Net Debt 2021 1 951 M - -
P/E ratio 2021 -36,4x
Yield 2021 -
Capitalization 8 591 M 8 591 M -
EV / Sales 2021 3,59x
EV / Sales 2022 2,25x
Nbr of Employees 37 000
Free-Float 45,0%
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Mean consensus HOLD
Number of Analysts 20
Last Close Price 78,13 $
Average target price 85,48 $
Spread / Average Target 9,40%
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Managers and Directors
Mark Samuel Hoplamazian President, Chief Executive Officer & Director
Joan Bottarini Executive VP, Chief Financial & Accounting Officer
Thomas J. Pritzker Executive Chairman
H. Charles Floyd Global President-Operations & Executive VP
Susan Dana Kronick Independent Director
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