Hyatt announced eight new hotels in Latin America on Monday in addition to completing a previously announced acquisition of a Mexico City hotel.
Hyatt Hotels Corp, Chicago, signed all of the hotels’ management agreements prior to March 31, 2012. Several of these projects will include investment by affiliates of Hyatt. Six are located in Mexico, one in Colombia and one in Chile. Hyatt also has four previously announced expansions in Latin America.
“The hotels will target both business and leisure guests. The U.S. currently makes up the largest number of visitors to Mexico, with significant increases in the last year from Brazil, Russia, and China,” said Laurie Cole, Hyatt’s director of corporate communications. “Hyatt’s strategy is to become the most preferred brand in every segment we serve and to do that we need to expand our presence where our guests are traveling. Latin America is an important market, particularly Mexico and Brazil. Our outlook on the region is very positive.”
The Mexican expansion includes three Riviera Maya properties and two in the Los Cabos municipality.
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 213-room Andaz Mayakoba, expected to open in 2015, will be located in the master planned resort community of Mayakoba, which is situated along one mile of beach coastline on Riviera Maya.
The 332-room Hyatt Playa expected to open in 2015, will be located in Playa del Carmen on a beachfront property with 460 ft (140 m)of white sand beach.
The 196-room Park Hyatt Los Cabos will be located within a master planned golf resort community that stretches along two miles of beach coastline in Los Cabos and is expected to open in 2015.
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.
Hyatt Place Tijuana will offer 144 guestrooms, and is expected to open in 2013.
In Colombia, the Hyatt Regency Cartagena is expected to open in 2015. The hotel will feature an all-day dining restaurant, cocktail lounge and bar, a 7,500 sq ft (696 sq m) 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.
Located in the Vitacura area of Santiago, Chile, the 160-room Hyatt Place Vitacura is expected to open in late 2012.
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.