Hyatt Hotels Corporation (NYSE: H) announced today two new luxury hotel developments in Los Cabos and Mexico City, Mexico under the Park Hyatt brand. These two high-end properties, designed to meet the needs of the discerning global traveler, mark the anticipated debut of the Park Hyatt brand in the country, and will join the brand"s global portfolio in locations such as Bangkok, Paris, Tokyo, Vienna, Milan and Zurich, as well as two sister hotels in Latin America: Palacio Duhau-Park Hyatt Buenos Aires, and Park Hyatt Mendoza.
Park Hyatt Mexico City will be developed through a joint venture agreement with Grupo Sordo Madaleno, and will be part of a mixed use development in the heart of the stylish Polanco neighborhood. Featuring 155 guestrooms and 23-unit Park Hyatt Residences, the hotel is expected to open in early 2021 and will be located on the upscale Campos Eliseos Street overlooking the iconic Chapultepec Park. Many of Mexico City"s most important cultural and entertainment attractions will be within a short distance from the hotel.
