The Hyatt Place brand will make its debut in Brazil, with nine hotels slated for development. The first is scheduled to open in 2016.
The hotels will be built in urban, suburban and airport locations, Hyatt said.
"This venture represents the next phase of Hyatt's expansion in Latin America," said Pat McCudden, Hyatt's senior vice president of real estate and development, Latin America and the Caribbean.
Hyatt Place is one of the company's select-service brands.
"Throughout Latin America, the select-service segment is significantly underserved," McCudden said.
The first Hyatt Place in Latin America opened in San Jose, Costa Rica, in late 2012. Three more are due to open this year in Mexico, Panama and Chile.
The nine new hotels in Brazil will each have 150 to 200 guestrooms.
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