144-key Hyatt Place Aguascalientes will become the sixth Hyatt Place
hotel in Mexico
CHICAGO--(BUSINESS WIRE)--
Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
has entered into a franchise agreement for the 144-key Hyatt Place
Aguascalientes with affiliates of Promotora Comercial Abadan, S.A. de
C.V. The hotel will be managed by Grupo Hotelero Santa Fe, one of the
most respected hospitality companies in the Mexican hotel industry. Upon
its expected opening in 2019, Hyatt Place Aguascalientes will be
Mexico’s sixth Hyatt Place hotel.
This press release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20180212005302/en/
Hyatt Place Aguascalientes will be located in the southern area of the city in close proximity to industrial parks, automotive manufacturing plants and downtown Aguascalientes, where all municipal and central government offices are located. (Photo: Business Wire)
“It is our great pleasure to expand the Hyatt Place brand into
Aguascalientes, the most populous city in the state bearing the same
name and one of the fastest growing destinations in Mexico,” said
Luciano Julio, regional director of operations in Latin America, Hyatt
Place and Hyatt House. “This opening will mark the brand’s sixth hotel
in Mexico and strengthens Hyatt’s strategy to grow its brands in key
locations within the country, such as the ‘golden economic triangle’, to
increase preference among guests.”
Hyatt
Place hotels offer casual hospitality and purposeful service in a
smartly designed, high-tech and contemporary environment. Hyatt Place
Aguascalientes will be located in the southern area of the city in close
proximity to industrial parks, automotive manufacturing plants and
downtown Aguascalientes, where all municipal and central government
offices are located. Aguascalientes serves as an industrial and
manufacturing hub with an extensive network of modern highways, multiple
free trade zones, the two largest railway centers in Mexico, and Lic.
Jesus Teran Peredo International Airport.
“We are very excited to add a Hyatt Place hotel to our real estate
portfolio,” said Abadan’s General Director Felipe Colomo. “We are
honored to collaborate with Hyatt on this project, a project that
confirms that Mexico continues to be an attractive market to grow and
invest.”
“This announcement is an important milestone for Grupo Hotelero Santa Fe
as it will be the first Hyatt that we will be managing. We look forward
to growing together with Hyatt in Mexico. We are also excited, as both
the city of Aguascalientes and Hyatt Place fit our strategy for
operating third party hotels in Mexico," said Francisco Zinser Cieslik,
CEO of Grupo Hotelero Santa Fe.
For more information, please visit www.hyattplace.com.
The term “Hyatt” is used in this release for convenience to refer to
Hyatt Hotels Corporation and/or one or more of its affiliates.
About Hyatt Place
Hyatt Place, a brand of Hyatt Hotels Corporation, combines style,
innovation and 24/7 convenience to create a seamless stay with modern
comforts. There are more than 285 Hyatt Place locations in Australia,
Armenia, Brazil, Canada, Chile, China, Costa Rica, Honduras, India,
Mexico, Morocco, Nicaragua, Panama, Puerto Rico, Thailand, The
Netherlands, United Arab Emirates, United Kingdom, and the United
States. For more information, please visit hyattplace.com.
Join the conversation on Facebook and Instagram,
and tag photos with #HyattPlace and #WhySettle.
About Promotora Comercial Abadan, S.A. de C.V
Promotora Comercial Abadan (Abadan) is a Real Estate company, part of
Grupo Punto Alto (GPA). Focused in both Commercial and Hospitality
projects, it has developed projects in Chihuahua, Irapuato, Guadalajara
and Ciudad Juarez. GPA is the holding entity of fourteen companies
focused in Construction, Aerospace, Metal Products and Real Estate. It
has consolidated revenues of over 9,500 million pesos, and employs over
2,800 people all over Mexico. For more information visit www.grupopuntoalto.com.
About Grupo Hotelero Santa Fe
Grupo Hotelero Santa Fe is a leading company in the Mexican hotel
industry, focused on acquisitions, use conversions, development and
operation of its own hotels as well as third party-owned hotels. The
Company focuses on strategic hotel location and quality, a unique hotel
management model, strict expense control and the proprietary Krystal®
brand as well as other international brands. As of year-end 2016, the
Company employed over 2,800 people and generated revenues of Ps. 1,221
million. For more information, please visit gsf-hotels.com
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a portfolio of 13 premier brands. As of
September 30, 2017, the Company's portfolio included 739 properties in
57 countries. The Company's purpose to care for people so they can be
their best informs its business decisions and growth strategy and is
intended to create value for shareholders, build relationships with
guests and attract the best colleagues in the industry. The Company's
subsidiaries develop, own, operate, manage, franchise, license or
provide services to hotels, resorts, branded residences and vacation
ownership properties, including under the Park Hyatt®, Miraval®, Grand
Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound
Collection by Hyatt™, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt
Zilara™ and Hyatt Residence Club® brand names and have locations on six
continents. For more information, please visit 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
expressed or implied by these forward-looking statements. In some cases,
you can identify forward-looking statements by the use of words such as
“may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,”
“believe,” “estimate,” “predict,” “potential,” “continue,” “likely,”
“will,” “would” and variations of these terms and similar expressions,
or the negative of these terms or similar expressions. Such
forward-looking statements are necessarily based upon estimates and
assumptions that, while considered reasonable by us and our management,
are inherently uncertain. Factors that may cause our actual results,
performance or achievements to 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; the financial condition of, and our
relationships with, third-party property owners, franchisees and
hospitality venture partners; the possible inability of third-party
owners, franchisees or development partners to access the capital
necessary to fund current operations or implement our plans for
growth; risks associated with potential acquisitions and dispositions
and the introduction of new brand concepts; changes in the competitive
environment in our industry, including as a result of industry
consolidation, and the markets where we operate; general volatility of
the capital markets and our ability to access such markets; and other
risks discussed in the Company's filings with the U.S. Securities and
Exchange Commission, including our Annual Report on Form 10-K, which
filings are available from the U.S. Securities and Exchange
Commission. These factors are not necessarily all of the important
factors that could cause our actual results, performance or achievements
to differ materially from those expressed in or implied by any of our
forward-looking statements. We caution you not to place undue
reliance on any forward-looking statements, which are made only as of
the date of this press release. We undertake no obligation to update
publicly any of these forward-looking statements to reflect actual
results, new information or future events, changes in assumptions or
changes in other factors affecting forward-looking statements, except to
the extent required by applicable law. If we update one or more
forward-looking statements, no inference should be drawn that we will
make additional updates with respect to those or other forward-looking
statements.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180212005302/en/
Source: Hyatt Hotels Corporation