The first Hyatt Place hotels to debut as part of a master development
agreement are located in Nicaragua, Guatemala, El Salvador and Honduras
CHICAGO--(BUSINESS WIRE)--Apr. 28, 2014--
Hyatt
Hotels Corporation (NYSE:H) announced today that a Hyatt affiliate
has entered into a master development agreement with LATAM Hotel Corp.
to develop 10 Hyatt Place hotels in Central America and Mexico and that
Hyatt affiliates have entered into franchise agreements with LATAM Hotel
Corp. for the first five hotels: Hyatt Place Managua in
Nicaragua, Hyatt Place Guatemala City in Guatemala, Hyatt
Place San Salvador in El Salvador, and Hyatt Place San Pedro Sula
and Hyatt Place Tegucigalpa in Honduras.
“We are delighted to be working with LATAM Hotel Corp. as we continue
increasing the representation of the Hyatt Place brand throughout Latin
America,” said
Pat McCudden
, senior vice president, real estate and
development – Latin America and Caribbean for Hyatt Hotels & Resorts.
“We believe Central America has strong economic growth potential, and we
are excited to see these five hotels become the first Hyatt-branded
hotels in their respective countries.”
Fernando Paiz
, president of LATAM Hotel Corp. said, “Hyatt Place is a
top-performing brand that is rapidly expanding throughout the Americas
and is becoming a favored option among travelers in the markets that it
is entering. Introducing the Hyatt name and culture of hospitality to
Central America through Hyatt Place hotels allows us to tap into an
important business and leisure travel market. It is a brand that offers
the modern style and seamless experience that is desired by both
business and leisure travelers.”
Nicaragua
Located in Nicaragua’s capital city of Managua, Hyatt Place Managua
is expected to open in 2015. The 140-guestroom hotel is being developed
on a 77,500 square foot site (7,400 square meters), conveniently located
next to Galerias Santo Domingo, Managua’s premier shopping center, with
access to over 130 stores and 20 restaurants and bars. The hotel will be
20 minutes from Augusto C. Sandino International Airport.
Guatemala
Located in Guatemala’s capital city of Guatemala City, Hyatt Place
Guatemala City is expected to open in 2016. The 140-guestroom hotel
is being developed on a 122,116 square foot site (11,345 square meters),
as part of the Avia mixed-use development project located in the upscale
area locally known as “Zona Viva.” The project will be the most
exclusive shopping and entertainment venue in Guatemala City and will
include upscale retail, luxury condominiums, Class-A office space and a
convention center. The hotel will be located 10 minutes from La Aurora
International Airport.
El Salvador
Located in El Salvador’s capital city of San Salvador, Hyatt Place
San Salvador is expected to open in 2016. The 140-guestroom hotel is
being developed on a 132,772 square foot site (12,335 square meters), as
part of a larger mixed-use development project within the existing Las
Cascadas shopping mall. The project will also include additional retail,
dining and office space. The hotel will be located 10 minutes from the
US Embassy in San Salvador and 30 minutes from El Salvador’s
International Airport at Comalapa.
Honduras
Located in Honduras’ capital city of Tegucigalpa, Hyatt Place
Tegucigalpa is expected to open in 2015. The 126-guestroom hotel is
being developed on a 15,069 square foot site (1,800 square meters),
located in the downtown Parque Comercial Los Proceres, an upscale
mixed-use development. The neighborhood is home to exclusive gated
residential communities, the Centro Comercial Los Proceres shopping mall
and the Embassy of the United States, among others. The hotel will be
located seven miles from Toncontin International Airport.
Located in San Pedro Sula, the second most populous city in Honduras, Hyatt
Place San Pedro Sula is expected to open in 2015. The 138-guestroom
hotel is part of a 58,125 square foot (5,400 square meters) mixed use
development that will house boutique shopping, dining and Class-A office
space. The hotel will be located at the intersection of Avenida
Circunvalación and Calle 10, a popular shopping, dining and
entertainment destination in the city. The hotel will offer easy access
to the city’s business and commercial districts and will be 10 miles
from Ramon Villeda International Airport.
Hyatt Place in Latin America and the Caribbean
In 2012, Hyatt introduced the Hyatt Place brand to Latin America with
the opening of Hyatt Place San Jose/Pinares in Costa Rica, making it the
first Hyatt Place hotel outside of the United States. The following year
in 2013, a Hyatt affiliate entered into a master development agreement
for nine Hyatt Place branded hotels in Brazil. Also in 2013, Hyatt Place
Bayamon in Puerto Rico and Hyatt Place Los Cabos in Mexico opened.
This year, the Hyatt Place brand continued its expansion in the region
with the opening of Hyatt Place Manatí in Puerto Rico in March.
Additionally, previously announced hotels that are scheduled to open in
2014 include Hyatt Place Santiago/Vitacura in Chile, Hyatt Place Panama
City in Panama, and Hyatt Place La Paz and Hyatt Place Ciudad del Carmen
in Mexico.
About Hyatt Place
Launched in 2006, Hyatt Place hotels bring to the upscale select service
hotel category the authentic hospitality for which Hyatt is known.
Inspired by multitasking travelers’ 24/7 lifestyle, Hyatt Place hotels
combine stylish design and practical amenities with a forward-thinking
guest experience and purposeful service. Roomy rooms feature multiple
areas to work and relax, and include the in-room Cozy Corner; plush
Hyatt Grand Bed®; and separate workspace. Guests can also enjoy free
Wi-Fi and remote printing everywhere, 24-hour StayFit Gym, Coffee to
Cocktails Bar offering specialty coffees and a variety of premium beers,
wine and cocktails, and a 24/7 Gallery Market including freshly made
grab n’ go sandwiches and salads and a Bakery Case filled with items
sure to satisfy the sweet tooth. The 24/7 Gallery Menu offers freshly
prepared meals any time day or night, in addition to the free a.m.
Kitchen SkilletTM served daily for guests, featuring hot
breakfast items, fresh fruit and more. The Odds & Ends program also has
guests covered with items they may have forgot and can buy, borrow or
enjoy for free. Specially trained Gallery Hosts are on hand to offer
assistance with everything from directions to check-in to a freshly made
meal.
Hyatt Place, a brand of Hyatt Hotels Corporation, offers more than 180
locations in the United States, Armenia, Costa Rica, India, Mexico,
Puerto Rico and the Netherlands. For Hyatt Place information or to make
a reservation, call 1-888-HYATT-HP (888-492-8847) or visit www.HyattPlace.com.
The term “Hyatt” is used in this release for convenience to refer to
Hyatt Hotels Corporation or one or more of its affiliates.
About LATAM Hotel Corp.
LATAM Hotel Corporation is a Latin American company, developing a
platform of mixed used projects in Central America and Mexico with
strategic alliances such as Hyatt Place. Focused on first choice project
locations, sustainable, efficient and modern design, respect and
integration of local communities in terms of social, cultural and
economic return. LATAM Hotel Corporation properties will become
reference points in their city, linking today’s modern travelers’ needs
under one concept of lifestyle and security. (Office buildings, retail
areas, food and hotel.)
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®, Hyatt
House®, Hyatt Zilara™ and
Hyatt Ziva
™ brand names
and have locations on six continents. Hyatt Residential Group, Inc.,
a Hyatt Hotels Corporation subsidiary, develops, operates,
markets or licenses Hyatt Residences® and Hyatt
Residence Club®. As of December 31, 2013, the Company's
worldwide portfolio consisted of 548 properties in 48 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. Our actual
results, performance or achievements may differ materially from those
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differ materially from current expectations include, among others, the
rate and pace of economic recovery following economic downturns; levels
of spending in business and leisure segments as well as consumer
confidence; declines in occupancy and average daily rate; if our
third-party owners, franchisees or development partners are unable to
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Source: Hyatt Hotels Corporation
Hyatt Hotels & Resorts
Aurelia Vasquez, +1 312-780-5873
aurelia.vasquez@hyatt.com