What smart money is saying about Hyatt Hotels Corporation
5 funds in our archive have pitched Hyatt Hotels Corporation, most recently Baron Focused Growth Fund in September 2026.
Hyatt Hotels Corporation functions as an international hospitality firm, managing a diverse portfolio of properties across the United States and numerous global markets. Its operational structure encompasses Owned and Leased Hotels, along with regional management and franchising divisions for the Americas, Asia-Pacific (ASPAC), and Europe, Africa, Middle East, and Southwest Asia (EAME/SW Asia), complemented by the Apple Leisure Group. The company actively manages, franchises, licenses, owns, and leases an extensive array of accommodations, ranging from full-service and select-service hotels to resorts, timeshares, fractional ownerships, residential, vacation, and condominium units. Hyatt boasts a wide collection of brands, including Park Hyatt, Miraval, Grand Hyatt, Alila, Andaz, The Unbound Collection by Hyatt, Destination, Hyatt Regency, Hyatt, Thompson Hotels, Hyatt Centric, Joie de Vivre, Caption by Hyatt, Hyatt House, Hyatt Place, Hyatt Ziva, Hyatt Zilara, UrCove, Hyatt Residence Club, Hyatt Residences, Hyatt Resorts, Secrets Resorts & Spas, Dreams Resorts & Spas, Breathless Resorts & Spas, Zoetry Wellness & Spa Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas. The corporation serves a broad spectrum of guests, from corporate clients and various associations (including national, state, regional, social, governmental, military, educational, religious, and fraternal organizations) to travel agencies, luxury travel organizations, and individual consumers. Additionally, Hyatt operates the "World of Hyatt" loyalty program, enabling members to earn and redeem points for hotel stays and other rewards. Founded in 1957, Hyatt Hotels Corporation maintains its headquarters in Chicago, Illinois.
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Position history
Between Q4 2024 and Q3 2026, 10 fund letters reported a position in Hyatt Hotels Corporation, with 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 0 | 1 |
| Q2 2026 | 8 | 0 | 1 | 2 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 10 positions · 1 move
- September 2026
“Non-REIT Real Estate Companies (10.6%) • While the Fund emphasizes REITs, we retain flexibility to invest in non-REIT real estate companies, which we typically limit to approximately 25% of net assets. At times these investments may offer more attractive growth, income, valuation, and share price appreciation potential relative to traditional REITs. • Current non-REIT holdings include AAON, Inc., Marriott Vacations Worldwide Corporation, Meritage Homes Corporation, Hyatt Hotels Corporation, Vail Resorts, Inc., Red Rock Resorts, Inc., and Brookfield Infrastructure Corporation.”
Hyatt Hotels Corporation - September 2026
“Shares of global hotelier Hyatt declined 18.2% and hindered performance by 79 bps in the third quarter as investors grew concerned that higher oil prices, interest rates, and inflation could pressure consumers and travel budgets. However, consumer spending remains resilient, particularly on travel and experiences. Hyatt continues to grow units at a mid-single-digit rate, while revenue per available room is accelerating from low to mid-single-digit growth.”
Hyatt Hotels Corporation - June 2026
Listed in Baron First Principles ETF’s reported holdings.
Hyatt Hotels Corporation - June 2026
“Shares of Hyatt Hotels Corporation appreciated materially following strong first quarter results and an Investor Day in May that outlined strong long-term growth targets.”
Hyatt Hotels Corporation - June 2026
“Shares of Hyatt Hotels Corporation appreciated materially following strong first quarter results and an Investor Day in May that outlined strong long-term growth targets.”
Hyatt Hotels Corporation - TrimmedBaron Asset FundJune 2026
“Top net sales for the quarter Quarter End Market Cap or Market Cap When Sold ($B) Net Amount Sold ($M) Fair Isaac Corporation 27.7 23.1 Floor & Decor Holdings, Inc. 5.2 14.3 Booz Allen Hamilton Holding Corporation 7.3 9.7 Amphenol Corporation 216.9 8.9 Gartner, Inc. 8.7 7.5 We reduced our position in Fair Isaac Corporation , which produces the FICO score that is widely used by lenders to evaluate consumers’ creditworthiness, in response to ongoing uncertainty about potential regulatory changes in the mortgage market. We sold our position in Floor & Decor Holdings, Inc. , a retailer of home flooring, over concerns that market demand trends will remain depressed for longer than we had expected. We reduced our position in Booz Allen Hamilton Holding Corporation , which primarily provides technology consulting and implementation services to the U.S. defense establishment, over concerns about the looming impact of AI on their business. We managed down the Fund’s weightings in several long-held positions, including Amphenol Corporation , Gartner, Inc. , IDEXX Laboratories, Inc. , and Hyatt Hotels Corporation .”
Hyatt Hotels Corporation - June 2026
“Shares of global hotelier Hyatt appreciated 34.9% and helped performance by 146 bps in the second quarter as revenue per available room (RevPAR) accelerated and management indicated they are seeing increased demand from franchisees for its brands.”
Hyatt Hotels Corporation - HoldsBaron Partners FundJune 2026
“Shares of global hotelier Hyatt Hotels Corporation increased in the second quarter as revenue per available room accelerated and management highlighted rising franchisee interest in its brands. As a result, the company is seeing strong growth in earnings and cash flow. Hyatt continues to have a robust balance sheet and is repurchasing shares, taking advantage of the stock’s significant valuation discount to peers despite having a similar mix of fee-based business. We believe Hyatt remains an attractive investment despite recent gains.”
Hyatt Hotels Corporation - HoldsBaron Partners FundJune 2026
“Shares of global hotelier Hyatt Hotels Corporation increased in the second quarter as revenue per available room accelerated and management highlighted rising franchisee interest in its brands. As a result, the company is seeing strong growth in earnings and cash flow. Hyatt continues to have a robust balance sheet and is repurchasing shares, taking advantage of the stock’s significant valuation discount to peers despite having a similar mix of fee-based business.”
Hyatt Hotels Corporation - HoldsBaron CapitalJune 2026
“Shares of global hotelier Hyatt Hotels Corporation increased in the second quarter as revenue per available room accelerated and management highlighted rising franchisee interest in its brands. As a result, the company is seeing strong growth in earnings and cash flow.”
Hyatt Hotels Corporation
Fund coverage · 5 theses
- Baron Focused Growth FundSeptember 2026
Hyatt is a global hotelier with a resilient fee-for-service model, unit growth and margin expansion trading at a significant discount to peers that should narrow.
Read the full thesis - Baron First Principles ETFJune 2026
Hyatt Hotels Corporation is a global hotelier with fee-driven growth, strong free cash flow, a solid balance sheet, and valuation upside versus peers.
Read the full thesis - Baron Real Estate FundJune 2026
Hyatt Hotels Corporation operates a global luxury hotel franchise and management platform, with an asset-light mix shift and strong long-term cash flow growth potential.
Read the full thesis - Baron Real Estate FundDecember 2025
Hyatt Hotels is a high-end hospitality company with industry-leading unit growth, an asset-light shift, and strategic exposure supporting valuation upside and continued growth.
Read the full thesis - Nightview capitalDecember 2024
Hyatt is well-positioned for long-term growth through its asset-light model, strong loyalty program, luxury focus, and global expansion strategy.
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