CHICAGO - September 20, 2013 - (BUSINESS WIRE) - 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 País 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.
“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.”
“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:
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.
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.
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.
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