Hyatt Hotels Corporation has announced plans to open 10 Hyatt Place hotels in Central America and Mexico.
The company said Hyatt affiliates have signed agreements with LATAM Hotel Corp. to develop the first five properties in Managua, Nicaragua; Guatemala City; El Salvador; and San Pedro Sula and Tegucigalpa in Honduras.
The hotels will range in size from 120-140 rooms and are all expected to open before the end of 2016.
Hyatt Place upscale select service hotels first launched in 2006 and typically feature small-to-medium sized properties with lifestyle orientated design, a 24-hour StayFit Gym and the casual dining 24/7 Gallery Market.
"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," said Pat McCudden, Hyatt senior vice president, Latin America real estate and development – Latin America.
The Hyatt Place brand is making a big play for the Latin American and Caribbean market since debuting in the region in 2012 in Costa Rica.
Hyatt Place Bayamon, Puerto Rico and Hyatt Place Los Cabos opened during 2013, followed by a second Puerto Rican property earlier this year.
Further openings are planned this year in Panama, Chile and Mexico.
The company previously announced an agreement with a Hyatt affiliate for nine Hyatt Place branded hotels in Brazil.
