Managua Chosen As One Of Five Hyatt Place Hotels in Central America

Hyatt Place Lobby. Photo for illustrative purposes.
Hyatt Place Lobby. Photo for illustrative purposes.

NICARAGUA BUSINESS NEWS – Managua is one of five Central American cities chose by Hyatt Place top-performing brand hotels that is rapidly expanding throughout the Americas and is becoming a favored option among travelers in the markets that it is entering.

The other four will be San Salvador (El Salvador), Guatemala City (Guatemala), San Pedro Sula and Tegucigalpa in Honduras.

Hyatt Hotels Corporation said it entered into a master agreement with LATAM Hotel Corp. to develop 10 Hyatt Place hotels in Central America and Mexico.

“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.”

In Nicaragua, located in the capital city of Managua, Hyatt Place Managua is expected to open in 2015. The 140-guestroom hotel is being developed on a 7,400 square metres site (77,500 square foot), conveniently located next to Galerias Santo Domingo, Managua’s premier shopping centre, with access to over 130 stores and 20 restaurants and bars. The hotel will be 20 minutes from Augusto C. Sandino International Airport.

Source: Hospitality Net