Publish in Special Reports - Wednesday, July 23, 2014
Hyatt purchased the Hotel Nikko for $190 million and rebranded it the Hyatt Regency after investing $40 million in renovations. (Photo: Hyatt)
The 466-room Grand Hyatt São Paulo is Hyatt's only hotel in Brazil today, but will be joined by nearly a dozen more the next few years. (Photo: Hyatt)
US hotel company seeing rapid expansion in Brazil, Colombia and Mexico.
BY JOACHIM BAMRUD
US-based Hyatt Hotels Corporation is bullish about its outlook in Latin America, especially in markets like Brazil, Colombia, Mexico and Peru.
“Those four represent the greatest opportunities to expand,” says Pat McCudden, senior vice president, real estate and development for Latin America and the Caribbean at Hyatt Hotels & Resorts.
The hotel company is expanding quickly in Latin America and expects to have 25 Hyatt-brand properties in the region this year, up from 16 last year. Another eight are expected to open next year and in 2016.
All in all, Hyatt has a pipeline of ...
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