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 Pa's 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:

  • In Argentina: Palacio Duhau Park Hyatt Buenos Aires and Park Hyatt Mendoza
  • In Brazil: Grand Hyatt Sao Paulo
  • In Chile: Grand Hyatt Santiago
  • In Costa Rica: Hyatt Place San José/Pinares
  • In Mexico: Hyatt Regency Cancun, Hyatt Regency Merida, Hyatt Regency Mexico City, and Hyatt Regency Villahermosa
  • In Lesser Antilles/Southern Caribbean: Hyatt Regency Trinidad and Hyatt Regency Aruba Resort, Spa & Casino

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

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.

About Hyatt Regency

Hyatt Regency offers a full range of services and facilities tailored to serve the needs of meeting planners, business travelers and leisure guests. Properties range in size from 180 to over 2,000 rooms and are conveniently located in urban, suburban, airport, convention and resort destinations around the world. Hyatt Regency convention hotels feature spacious meeting and conference facilities designed to provide a productive environment allowing guests to convene and connect. Hyatt Regency hotels in resort locations cater to couples seeking a getaway, families enjoying a vacation together and corporate groups seeking a functional and relaxed atmosphere in which to conduct business and meetings.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a proud heritage of making guests feel more than welcome. Thousands of members of the Hyatt family strive to make a difference in the lives of the guests they encounter every day by providing authentic hospitality. The Company's subsidiaries manage, franchise, own and develop hotels and resorts under the Hyatt®, Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place® and Hyatt House® brand names and have locations on six continents. Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt ResidencesTM and Hyatt Residence ClubTM. As of June 30, 2013, the Company's worldwide portfolio consisted of 524 properties in 46 countries. For more information, please visit www.hyatt.com.

Contact: Aurelia Vasquez

aurelia.vasquez@hyatt.com / +1 305 510 2140

Related News

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

Hillgate Properties NV and Hyatt Hotels Open the 330-room Hyatt Place Amsterdam Airport

The 153-room Andaz Peninsula Papagayo Opens in Costa Rica

“Interarm-M” LLC and Hyatt Hotels Open the 95-room Hyatt Place Yerevan in Armenia

Hyatt Place Debuts in Mexico, Opens the 157-key Hyatt Place San Jose del Cabo in Baja California Sur

Hyatt Returns to Puerto Rico with the Opening of the 156-key Hyatt Place Bayamon

Drury Hotels Company Opens the 145-room Hyatt Place St. Louis/Chesterfield in Missouri

The Newly Built 487-room Hyatt Times Square New York Opens

Hyatt Brand to Debut in Iraq with 2017 Opening of the 210-room Hyatt Regency Sulaymaniyah

The 159-room Hyatt Place Omaha/Downtown Old Market Opens in Nebraska Led by GM John Tysdal

Hyatt Reports Q3 2013 Net Income of $55M Compared to $23M Prior Year; RevPAR Growth of 6%

Avista Hotels & Resorts Opens the 143-room Hyatt Place Daytona Beach-Oceanfront in Florida

Hyatt Completes Sale of the 451-room Hyatt Regency Denver Tech Center for $60 Million to JMI Realty

Olympia Hotel Management and Hyatt Open 131-room Hyatt Place Chicago-South/University Medical Center

Hyatt Hotels Enters Agreement for the 223-key Park Hyatt Shenzhen, Futian to Open in China in 2018

BOCO Enterprises & Packard Hospitality Group Open New 126-room Hyatt Place Detroit/Novi

Hyatt Hotels Reports Q2 2013 Net Income of $112 Million; Systemwide RevPAR Increased 3.9%

Hyatt Hotels and Concord Hospitality Open 137-room Hyatt House Raleigh North Hills in North Carolina

All News »

Please login or register to post a comment.