Hyatt Hotels Corporation (NYSE: H) today announced the execution of an agreement to form a joint venture between a Hyatt affiliate and FSA Group S.A. (FSA), a Libra Group company, to develop and own nine Hyatt Place-branded hotels in Brazil. The total investment from Hyatt and FSA for the development of these hotels is expected to be approximately US $270 million.
Starwood Hotels & Resorts Worldwide, Inc.® (NYSE:HOT) and Promotora TIIM today announced that Starwood’s Aloft® brand made its debut in Cancun, Mexico. Aloft Cancun is ideally located in the Hotel Zone, adjacent to Cancun Center, the city’s convention and exhibition center, and walking distance from dining, shopping and nightlife.
InterContinental Hotels Group (IHG) [LON: IHG, NYSE: IHG (ADRs)], one of the world's largest hotel companies, today announces the signing of two newHoliday Inn Express®hotelsin Managua, Nicaragua and Tegucigalpa, Honduras. Both properties are slated to open in 2014. Managed by Latin American Hospitality Management S.A., a subsidiary of Grupo AGRISAL, the hotels will be franchised by an affiliate of IHG.
Meliá Hotels International has taken an important step in its growth in Latin America with the announcement of an agreement to open 5 Innside by Meliá hotels in Chile together with the a Private Investment Fund lead by Grupo Armas, the first for the Innside by Meliá brand in the Americas after its rapid international growth over the past year. The intense growth of the company continues with the addition of a new hotel around every three weeks, and 14 new hotels signed up in Europe, the Middle East and Latin America already In 2013.
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced that it will increase its operating hotel footprint in Latin America by 50 percent during the next five years, opening an average of seven new hotels per year in the region. Emphasizing Latin American's growth potential as one of the world's fastest growing hotel and travel markets, Starwood's CEO Frits van Paasschen and members of the company's senior executive team visited Latin America last week, traveling to key growth markets, including Brazil and Colombia.
InterContinental Hotels Group (IHG)], one of the world's leading global hotel companies, announces today the signing of a new Holiday Inn hotel in Quito, Ecuador. This property brings three IHG®-branded hotels to Ecuador including the current Holiday Inn Express® Quito hotel, and the upcoming Holiday Inn®Guayaquil Airport hotel slated to open next month.
Spain-based hotel company IBEROSTAR Hotels & Resorts will open IBEROSTAR Playa Mita in December 2013, the brand's first property in the leisure destination of Riviera Nayarit, Mexico. The all-inclusive resort is located in Playa Mita on a beautiful beach facing the Pacific Ocean and is just 45 minutes from Puerto Vallarta. Designed as a getaway for couples and families alike, IBEROSTAR Playa Mita will offer an extensive list of amenities for guests of all ages and interests.
Marriott International (NYSE:MAR) announced plans to open the first Courtyard by Marriott brand hotel in Bogota, Colombia’s largest financial, political, and cultural center, also known as one of the fastest growing metropolitan areas in South America. The deal was signed with close affiliates of Inrama S.A., a prominent construction company in Colombia with over 37 years of experience and a portfolio that includes the largest shopping center in Bogota and some of the most sought after office space and residential units.
Hilton Worldwide announced that it has signed a management agreement for a 260-room new-build Hilton hotel in the Santa Fe area of Mexico City, Mexico. The hotel will form part of Samara - one of the five largest mixed-use complexes in the country, featuring more than 3.8 million square feet of space combining corporate offices, a shopping center and the upscale Hilton Santa Fe Mexico City. Currently under construction, Hilton Santa Fe Mexico City is expected to open in March 2014.
With its Ritz-Carlton pedigree, an exclusive location on the island's famed Palm Beach and remarkable offerings of dining, wellness and recreation, The Ritz-Carlton, Aruba ushers in a new and highly valued vacation experience to the Caribbean. To an island renowned for its pristine beaches and beautiful landscape, The Ritz-Carlton, Aruba adds a standard of luxury and elegance in accommodations, facilities, activities and services that ranks among the finest resorts worldwide.
Hilton Worldwide proudly announced the expansion of its Waldorf Astoria Hotels & Resorts brand into Latin America with the opening of Waldorf Astoria Panama. With a commitment to personalized service and delivering a new sense of luxury to the booming Panama market, Waldorf Astoria Panama blends the distinguished sophistication of the luxury brand with the warmth of the local Panamanian personality.
Sonesta International Hotels Corporation announced today the opening of its first hotel in Panama, the 304-room Royal Sonesta Hotel & Casino Panama. Located in the center of the business district of Panama City, the hotel offers an ideal proximity to the city's major corporations, while providing an oasis of entertainment options. This breathtaking hotel pays tribute to the Panamanian culture through its modern design that draws inspiration from the local wildlife and traditions. Just a 2 hour flight from Miami, this hotel and its sister Sonesta Hotels in Colombia, Peru, Ecuador, and Chile are managed by Colombia based GHL Grupo Hoteles.
Hyatt Hotels Corporation (NYSE: H) announces that a Hyatt affiliate and affiliates of the Malca family have formed a joint venture to develop and own two hotels in the master planned community of Costa del Este in Panama City, Panama that will be branded as a Hyatt Place and Hyatt House.
Fairmont Hotels & Resorts today announced the newest addition to its private residence club offering with the launch of Fairmont Heritage Place, Mayakoba. Located in the most exclusive resort complex of the Mexican Caribbean, in the vibrant heart of the Mayan Riviera, Fairmont Heritage Place, Mayakoba is a dream conceived by OHLD and Fairmont Hotels & Resorts.
Marriott International (NYSE:MAR) announced today plans to open a new 162-room Courtyard by Marriott Hotel in Recife, Pernambuco, Brazil's largest and most modern city in the Northeastern region of the country. The hotel project is developed under a management agreement with Rio Ave Ltda., a prominent, local real estate developer. This project, already in construction, will be the Rio Ave Ltda's first venture into the lodging sector and is scheduled to open in the second quarter of 2014, before the World Cup. The new Courtyard by Marriott property will be located ten minutes from the Guararapes International Airport, and situated in Recife's upscale Boa Viagem neighborhood known for its great shopping, five star restaurants, and close proximity to the beautiful beaches.
IHG (InterContinental Hotels Group) (LON:IHG) (NYSE:IHG) (ADRs), one of the world's leading global hotel companies, today announced the signing of the Holiday Inn Express® Marília. The new-build, 102-room Holiday Inn Express® hotel will be among the first internationally branded properties in the city of Marília, and is slated to open toward the end of 2013. With a population of 220,000, Marília is predominantly a business destination known for its many sugar cane refineries that produce the important commodity, ethanol. The hotel will be centrally located, affording easy access to major thoroughfares, and minutes from Marília's principal shopping center, industrial district and airport.
Wyndham Hotel Group, the world's largest hotel company with over 7,340 hotels and part of Wyndham Worldwide Corporation(NYSE: WYN), today officially announced the planned expansion of its upscale Wyndham® Hotels and Resortsbrand in Latin America with the addition of the 212-key Wyndham Milagro del Mar Resort on Nicaragua's Pacific Coast.
Marriott International, Inc. (NYSE: MAR) announced plans to open a new 150-room Courtyard by Marriott Hotel in Lima, South America's third largest city, under an agreement with Inversiones La Rioja, S.A., a distinguished Peruvian corporation which owns the existing 300-room JW Marriott Lima and 153-room JW Marriott Cusco. The hotel will be situated at the intersection of Calle Alcanfores and Calle Schell in Lima's upscale Miraflores neighborhood known for its shopping, restaurants, antique dealers and breath taking ocean views.
IHG (InterContinental Hotels Group), one of the world's leading global hotel companies, today announced signings of two new Holiday Inn® hotels in Colombia. The new properties – to be located in the northeast region's cities of Bucaramanga and Cucuta – will bring IHG's hotel pipeline in Colombia to 5 hotels.
Brazil Hospitality Group (BM&FBovespa: BHGR3; OTC: BZHGY) hereby announces the signature of a Memorandum of Understanding for the management of Soft Inn Mega Moda, a hotel that is being developed in Goiania. The new project will mark the debut of a new BHG brand in Goias: Soft Inn, an economic segment brand that offers quality at an excellent cost-benefit ratio.