Global
Hyatt Corp. is launching a new urban luxury brand with plans underway for properties in
The brand, Andaz—meaning personal style—will open its first property later this year
in
Hyatt is calling the Andaz brand an unpretentious upscale alternative focusing on "casual elegance" and "local identity,"
which it is positioning in between its Park Hyatt and Hyatt Hotel brands. CEO Mark Hoplamazian said in a statement that Hyatt's "worldwide
customer base is looking for fresh, uncomplicated luxury that is timeless and gimmick free." In addition, Hyatt intends to incorporate
green policies in the builds, including ecologically friendly building materials, use of fully biodegradable products and energy efficient
designs.