Scheduled to Open in 2016, the 218-room Hyatt Regency Cali is Under Development in Colombia
September 23, 2013 7:33pm
CHICAGO (September 23, 2013) – Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a management agreement with Fideicomiso FAFP-Promover-Hotel Cali- Fiduciaria del País S.A. for a Hyatt Regency hotel in Santiago de Cali, Colombia. This agreement marks the third Hyatt-branded hotel under development in Colombia, joining Grand Hyatt Bogota and Hyatt Regency Cartagena, which are both slated to open in 2016.
“Cali represents an important destination for a Hyatt Regency hotel because it is a Colombia’s second largest city and a gateway to Latin America,” said Pat McCudden, senior vice president, real estate and development – Latin America and Caribbean for Hyatt. “Expanding Hyatt’s brand presence in Colombia is a critical component of our growth strategy for Latin American and the Caribbean destinations, and reaffirms Hyatt’s commitment to becoming the most preferred brand among business and leisure travelers in the region.”
Scheduled to open in 2016, Hyatt Regency Cali will be situated in northwestern Cali, in one of the city’s most popular and upscale neighborhoods, adjacent to Chipichape Mall, the city’s largest shopping center. The 218-room full service hotel will feature a restaurant and bar, meeting and banquet facilities totaling nearly 15,000 square feet, a spa and fitness center, and an indoor pool. The hotel will be a main component of the World Trade Center Pacific Cali, a 2.6 acre mixed use development that will also include high-end retail space, office space and a state-of-the-art medical services facility. In close proximity to Alfonso Bonilla Aragón International Airport, Valle del Pacifico Convention Center and various industrial parks, the hotel will be strategically positioned to capture Cali’s leisure and business travelers, as well as meetings and events business in the Valle del Cauca region, an area growing in business and medical tourism.
“Colombia is a welcoming and culturally rich country known for its hospitality, and we are thrilled to be bringing the Hyatt Regency brand to the World Trade Center Pacific Cali,” said Promover Gerencia Inmobiliaria S.A.S. and Grupo Empresarial Pincaso S.A.S. as developers. “We are thrilled to be working with Hyatt as we elevate the business and tourist profile of this important destination with the addition of Hyatt Regency Cali.”
Currently, travelers and Hyatt Gold Passport members have eleven Hyatt-branded hotels to choose from in destinations across Latin America and the Caribbean:
Including Hyatt Regency Cali, there are more than 20 Hyatt-branded hotels under development in destinations across Latin America and the Caribbean. For more information, please visit www.hyattdevelopment.com.
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 actual results 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; if our third-party owners, franchisees or development partners are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital 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 SEC. We caution you not to place undue reliance on any forward-looking statements, which are made 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 laws. 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.
Tags: hyatt regency cali,
Contact: Aurelia Vasquez
+1 305 510 2140
Hospitality Management Chantilly and Hyatt Enter Agreement for Management of New Hyatt Regency Chantilly
Hyatt Acquires Wellness Leader Miraval Group for $215 Million
Hyatt Reports Net Income of $63 million for Q3 2016, an Increase of 148% Over Q3 2015
Hyatt Hotels Reports Q2 2016 Net Income of $67 million Compared to $40 million in the Year Ago Quarter
Hyatt Reports First Quarter 2016 Net Income of $34 million Compared to $22 in the Year Ago Quarter; Adjusted EBITDA Increased to $194 million
Hyatt Selects Lara Migliassi as Vice President – Global Brands
Hyatt in Talks to Acquire Starwood?
Hyatt to Power Meetings at 100 International Properties with This Technology
Hyatt Appoints Atish Shah as Interim Chief Financial Officer
Hyatt to Offer Free Wi-Fi to All Guests Independent of Booking Methods or Loyalty Programs
General Manager Nicholas Lacey Opens the 207-room Park Hyatt Sanya Sunny Bay Resort in China
Hyatt Honors Excellence Among Americas Owners and Developers with 2014 Awards
Hyatt Hotels and PRISA Group Open the 126-room Hyatt House San Juan in Puerto Rico
Hyatt Hotels Reaches Settlement with Fired Boston Area Housekeepers; To Pay $1 million
Grand Hyatt Melbourne Collaborates with McLaren Technologies Utilizing Leading SaaS Technology
Hyatt Reports Q2 2014 Net Income of $72 million: Systemwide RevPAR up 5.5%
Hyatt Makes Organizational Changes Naming Chuck Floyd as Global President of Operations
Colombia - With Visitor Numbers Up Over 51% from 2012 to 2013 - Hotel Business is Booming
Hyatt Hotels Reports First Quarter Net Income of $56M, Systemwide RevPAR Increased 6.5%
RLJ Lodging Trust to Acquire for $313 million a 10-Hotel West Coast Portfolio of Hyatt Hotels
Please login or register to post a comment.