Hyatt opening a hotel in Santorini this summer
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Hyatt has joined the list of hotel groups rushing to open branded properties on the Greek island of Santorini.
We originally covered this back in December, but I wanted to plug it again as it is now bookable.
Given how expensive Santorini can be, the hotel promises to be good value for World of Hyatt points. This is because:

- World of Hyatt still has a ‘traditional’ reward chart with a maximum points price of 35,000
- hotels must offer standard rooms for reward nights as long as they still have standard rooms for sale for cash
- you can often buy World of Hyatt points at a decent rate, such as the current 30% bonus, which can lead to savings over bookings rooms for cash
Magma Resort Santorini – see here – is due to open this year ‘in time for summer season’. It will join The Unbound Collection by Hyatt, which is a collection of independent luxury hotels operating under the Hyatt banner.
Magma has just 59 guest rooms, including 24 suites. 46 rooms have private pools or hot tubs, and all have unobstructed views of the Aegean Sea and Anafi Island.
Using World of Hyatt points to upgrade to a suite looks like a good option. For example, in July, a ‘Lava Suite’ upgrade comes out at €680 + 6,000 points per night, compared to €1,300 per night for cash alone. You could buy those 6,000 points for under £100 in the current points sale.
To quote:
“Nestled among traditional old vineyards, the resort will be located on the lava-made slopes of Vourvoulos, in close proximity to picturesque lava sand beaches on the northeast part of the island and popular cosmopolitan destinations such as Fira and Oia, known for its Instagram-worthy sunsets. The resort’s culinary experience, Magma by Spondi, will be curated by a two-starred Michelin chef and honor local agriculture and seasonal ingredients in a contemporary and inventive interpretation. The restaurant’s menu will feature signature dishes and other fine dining options paired with renowned wines from the rich viticulture for which the island is known.”
“Magma Resort Santorini will be designed to incorporate organic shapes from black volcanic stones alongside contrasting, off-white geometric prisms, reminiscent of Santorini’s volcanic ash which is evident around the island. The resort will be inspired by the surrounding traditional dwellings, or pezoules,andterraced land used for winemaking. The design will blend the natural environment while paying homage to Santorini’s underground spaces and cave homes, with a state-of-the-art wellness center and a subterranean spa.”
The resort website is here. Bookings are being taken for stays from 1st June although there is always a chance that the date slips.
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World of Hyatt update – April 2025:
Get bonus points: Hyatt is not currently running a global promotion
New to World of Hyatt? Read our overview of World of Hyatt here and our article on points expiry rules here. Our article on what we think World of Hyatt points are worth is here.
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You will get a 25% discount (equivalent to a 33% bonus) when you buy World of Hyatt points by 14th April 2025. Click here to buy.
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