Hyatt (H) continuously invests in room renovations to keep its properties among the most attractive in the lodging industry in terms of quality and amenities. The company is also making expensive "key money" and infrastructure investments to expand its managed portfolio of world class hotels in China and India.We think those investments offer the company a large growth opportunity.
From Ron Baron’s Baron Funds first quarter 2013 investor letter.
From Ron Baron’s Baron Funds first quarter 2013 investor letter.
