Hyatt Hotels Corporation (NYSE:H) announced that a Hyatt affiliate has entered into a franchise agreement with Banyan Cay Development (BCD) to develop Banyan Cay Resort & Golf, a Destination Hotel. Expected to open in late 2021, this property will mark entry of the Destination Hotels brand into Florida and will be the first full-service Hyatt-branded property in Palm Beach County, an internationally recognized resort and leisure destination.