Hyatt Montevideo will be the first Hyatt-branded hotel in Uruguay
CHICAGO--(BUSINESS WIRE)--Oct. 2, 2012--
Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
has entered into a management agreement with Dilony S.A. for a new Hyatt
hotel in Montevideo, Uruguay. Hyatt Montevideo will mark the first
Hyatt-branded hotel in Uruguay, bringing the total number of announced
Hyatt-branded hotels under development in Latin America to 14.
Hyatt Montevideo will be the first Hyatt-branded hotel in Uruguay. (C) WSW Montevideo
“We are excited to work with Dilony S.A. on the first Hyatt-branded
hotel in Uruguay,” said
Pat McCudden
, Senior Vice President, Real Estate
and Development, Hyatt Hotels & Resorts. “This project is an important
step in our broader plans to establish Hyatt properties in all of the
major gateway and capital cities in Latin America, and we believe that
the Hyatt brand and the excellent location of the hotel in Montevideo
will have strong appeal to business and leisure travelers visiting the
region.”
Expected to open in 2015, Hyatt Montevideo will be situated along the
Rambla Republica del Peru, a major thoroughfare along the coastline of
Montevideo. Located in the city’s Pocitos neighborhood, the hotel will
be in close proximity to many of area’s business and leisure districts,
including Ciudad Vieja, the World Trade Center and the Montevideo
Shopping Center. Additionally, Carrasco International Airport is easily
accessible from the hotel.
Hyatt Montevideo will offer 167 guestrooms, including 14 suites, which
will range in size from 484 sq ft (45 sq m) to 861 sq ft (80 sq m). The
hotel will also offer an all-day dining restaurant, a lobby lounge, a
fitness center, an indoor pool, and more than 6,200 sq ft (585 sq m) of
meeting and event space.
“We are pleased to work with Hyatt on the first Hyatt-branded hotel in
Uruguay,” said Arq.
Daniel Weiss
, President of Dilony S.A. and Director
of Weiss Sztryk Weiss, the developer group. “We appreciate Hyatt’s
commitment to providing authentic hospitality to its guests, and we
believe Hyatt Montevideo’s excellent location along the Rambla and the
sea coast will deliver an exceptional hospitality experience to guests
visiting Montevideo.”
For more information, please visit www.hyattdevelopment.com.
About Hyatt
Hyatt hotels are smaller-sized properties conveniently located in
proximity to diverse business and leisure areas. With hotels typically
ranging from 150 to 350 rooms, Hyatt hotels offer guests the opportunity
to experience our hospitality in a vibrant environment. Customers
include individual business and leisure travelers, and Hyatt hotels can
accommodate smaller scale business meetings and social gatherings.
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 has
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 Residence
ClubTM. As of June 30, 2012, the
Company's worldwide portfolio consisted of 492 properties in 45
countries. For more information, please visit www.hyatt.com.
Forward-Looking Statements
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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, occupancy and ADR
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Source: Hyatt Hotels Corporation
Hyatt Hotels Corporation
Siân Martin, +1 312 780 5797
sian.martin@hyatt.com
or
Karina
Faber, +55 11 2838 1232
karina.faber@hyatt.com