Hyatt-branded hotels in Latin America expected to increase to 20
properties from eight
CHICAGO--(BUSINESS WIRE)--May. 21, 2012--
Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
completed its previously announced acquisition of the 756-room Hotel
Nikko Mexico from Japan-Mexico Hotel Investment Co., Ltd. for
approximately US$190 million. The hotel has been rebranded as Hyatt
Regency Mexico City. Ramping up its expansion in Latin America, Hyatt
also announced plans for eight Hyatt-branded hotels in Latin America, in
addition to four previously-announced hotels under development, for a
total of 12 Hyatt-branded hotels under development in Latin America.
When these properties open, there will be a total of 20 Hyatt-branded
hotels in the region.
Over the next three years, a Hyatt affiliate is expected to invest approximately US$40 million to renovate Hyatt Regency Mexico City to strengthen the hotel's competitive position as the preferred business and leisure hotel in Polanco, Mexico City's most desirable area. (Photo: Business Wire)
Over the next three years, a Hyatt affiliate is expected to invest
approximately US$40 million to renovate Hyatt Regency Mexico City to
strengthen the hotel’s competitive position as the preferred business
and leisure hotel in Polanco, Mexico City’s most desirable area.
“The introduction of Hyatt Regency Mexico City marks the first step in
expanding the presence of Hyatt-branded hotels in Mexico and throughout
Latin America,” said
Steve Haggerty
, global head of real estate and
development for Hyatt Hotels Corporation. “Our substantial direct
investment in acquiring this hotel, as well as our plans for 12 new
properties in Latin America across our full-and select-service brands,
underscores our commitment to becoming the most preferred hospitality
brand by opening hotels in key locations where our guests are traveling.”
New Agreements for Six Hotels in Mexico, One
Hotel in Colombia and One Hotel in Chile
Of the eight agreements being announced, all of which were signed prior
to March 31, 2012, six are for hotels in Mexico, one is for a hotel in
Colombia and one is for a hotel in Chile. Several of these projects will
include investment by affiliates of Hyatt.
In Mexico:
Park Hyatt Los Cabos
Located within a master planned golf
resort community that stretches along two miles of beach coastline in
Los Cabos,
Park Hyatt Los Cabos
will offer 196 guestrooms and 36 Park
Hyatt-branded residences. In addition, the hotel, expected to open in
2015, will feature meeting and event facilities, several food and
beverage outlets, and a 13,000 square feet, a ten-treatment room spa,
and a fitness center.
Park Hyatt Riviera Maya
The 220 room-
Park Hyatt Riviera
Maya, expected to open in 2016, will be situated within an upscale,
mixed use hotel, residential and golf community located on the
beachfront in Riviera Maya, south of Cancun. The luxury hotel will offer
meeting space, three restaurants, a coffee shop, pool, spa, and a
fitness center.
Andaz Mayakoba
The 213-room Andaz Mayakoba will be located
in the master planned resort community of Mayakoba, which is situated
along one mile of beach coastline in Mexico’s Riviera Maya. The hotel,
expected to open in 2015, will offer food and beverage outlets, a spa,
and a fitness center.
Hyatt Playa
Hyatt Playa, expected to open in 2015, will be
located in Playa del Carmen on a beach-front property with 460 feet of
white sand beach. The 332-room Hyatt Playa will offer food and beverage
outlets, a spa, and a fitness center.
Hyatt Place San Jose del Cabo
Located in San Jose del Cabo,
Mexico, and expected to open in 2013, Hyatt Place San Jose del Cabo will
offer 157 guestrooms and will be situated in close proximity to the
beach, golf courses, commercial areas and dining and entertainment
venues. The hotel is located less than 10 miles from Los Cabos
International Airport.
Hyatt Place Tijuana
Hyatt Place Tijuana will offer 144
guestrooms, and is expected to open in 2013. Located in the vibrant
Aviacion neighborhood on Agua Caliente Boulevard, the hotel will be
close to the city’s best shopping plazas and Tijuana’s international
airport.
In Colombia:
Hyatt Regency Cartagena
Expected to open in 2015, Hyatt
Regency Cartagena will be located within a new mixed-use development in
Cartagena’s oceanside Bocagrande district and will offer 250 rooms,
including 29 suites. In addition, the hotel will feature an all-day
dining restaurant, cocktail lounge and bar, a 7,500 square-foot
ballroom, a spa, fitness center, outdoor pool, and business center. The
hotel will be the first Hyatt-branded property in Colombia and will
include 72 Hyatt-branded residential condominiums.
In Chile:
Hyatt Place Vitacura
Located in the Vitacura area of
Santiago, Chile, the 160-room Hyatt Place Vitacura is expected to open
in late 2012 and will be located close to several diplomatic missions
and embassies, as well as Vitacura’s high-end retail area, the Las
Leones Golf Club, the Polo Club, and the Fashion Museum.
“The introduction of Hyatt Regency Mexico City creates a significantly
higher profile for Hyatt’s brands in Mexico and throughout all of Latin
America,” said Mexico City based
Myles McGourty
, senior vice president,
Hyatt of Latin America. “The addition of four of Hyatt’s hotel brands in
Mexico over the next few years and our plans for further expansion
throughout the region underscores our commitment to enhancing preference
for our brands.”
The four previously announced Hyatt-branded hotels under development in
Latin America are: Grand
Hyatt Rio de Janeiro
in Brazil, Andaz
Papagayo and Hyatt
Place San Jose Pinares in Costa Rica, and Hyatt
Place Panama City in Panama.
There are currently eight full service Hyatt-branded hotels in Latin
America:
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company with a proud heritage of making guests feel
more than welcome. Thousands of members of the Hyatt family strive to
make a difference in the lives of the guests they encounter every day by
providing authentic hospitality. The Company's subsidiaries manage,
franchise, own and develop hotels and resorts under the Hyatt®,
Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place® and
Hyatt House
TM brand
names and have locations on six continents.
Hyatt House
is
changing its brand identity from Hyatt Summerfield Suites®.
Hyatt Residential Group, Inc., a Hyatt Hotels Corporation
subsidiary, develops, operates, markets or licenses Hyatt
ResidencesTM and Hyatt Vacation
Club®, which is changing its name to Hyatt Residence ClubTM.
As of March 31, 2012, the Company's worldwide portfolio consisted of 488
properties in 45 countries. For more information, please visit www.hyatt.com.
Forward-Looking Statements
Forward-Looking Statements in this press release, which are not
historical facts, are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements
include statements about our plans, strategies, the number of properties
we expect to open in the future and when we expect these properties to
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Source: Hyatt Hotels Corporation
Hyatt Hotels Corporation
Laurie Cole, +1 312 780 5935
laurie.cole@hyatt.com
or
Karina
Faber, +55 11 2838 1232
karina.faber@hyatt.com