Gay Nagle Myers
On the heels of Hyatt Hotels’ announcement in early May that it was purchasing and reflagging the former Hotel Nikko Mexico as the Hyatt Regency Mexico City, the company has revealed it is ramping up expansion even further in Mexico and Latin America.
Hyatt, which currently operates Hyatt Regency properties in Cancun, Merida and Villahermosa, is planning six new properties in Mexico and one each in Colombia and Chile, in addition to four previously announced properties under development: one each in Brazil and Panama and two in Costa Rica.
“The introduction of Hyatt Regency Mexico City marks the first step in expanding the presence of Hyatt-branded hotels in Mexico and throughout Latin America,” said Steve Haggerty, global head of real estate and development.
According to Haggerty, the company’s “substantial direct investment” in the Hyatt Regency Mexico City — the $190 million purchase price plus $40 million in renovations over the next three years — and expansion plans for the region reflect “our commitment to becoming the most preferred hospitality brand by opening hotels in key locations where our guests are traveling.”
Planned for Mexico are the 196-room Park Hyatt Los Cabos, opening in 2015; the 220-room Park Hyatt Riviera Maya, opening in 2016; the 213-room Andaz Mayakoba, located within the resort community of Mayakoba on the Riviera Maya, 2015; the 332-room Hyatt Playa in Playa del Carmen, 2015; the 157-room Hyatt Place San Jose del Cabo, 2013; and the 144-room Hyatt Place Tijuana, 2013.