Hyatt Announces Acquisition of Premier Hotel in Mexico City
CHICAGO—Nearly 30 years after the opening of the first Hyatt hotel in Mexico, Hyatt Hotels Corporation announced today that a Hyatt affiliate intends to acquire the 756-room Hotel Nikko Mexico for $190 million from Japan-Mexico Hotel Investment Co., Ltd. The transaction is scheduled to close in May and, upon closing, the hotel will be rebranded as Hyatt Regency Mexico City. Hyatt will invest approximately $40 million in a three-year renovation to position the hotel competitively in Mexico's business and leisure market. READER COMMENTS
“Acquiring Hotel Nikko Mexico and rebranding it as Hyatt Regency Mexico City is an important step in our broader plans for growth in Mexico and Latin America,” said Steve Haggerty, global head of real estate and development for Hyatt Hotels Corporation, in an announcement. “Mexico City is the premier political, business and commercial hub in Mexico. Our strategic investment in this hotel, which has a highly visible presence in Mexico City, will increase awareness of Hyatt in Latin America and will support our long-term goal of becoming the most preferred hospitality company in every segment we serve.”
Hyatt Regency Mexico City will have 734 rooms after combining some of the existing rooms into suites. The hotel’s amenities will include approximately 30,000 square feet of meeting and event space, a business center, a fitness center, tennis courts, and a pool. This summer the hotel will complete an extensive six-year renovation program that includes the complete refurbishment of all the guestrooms as well as the two on-location Japanese restaurants.
“We look forward to welcoming guests from Latin America and all over the world to Hyatt Regency Mexico City and to sharing Hyatt’s authentic hospitality with those who are familiar with the brand or completely new to it,” said Myles McGourty, senior vice president – Hyatt of Latin America, who is based in Mexico City. “Hyatt Regency Mexico City will significantly increase Hyatt’s visibility among travelers in Latin America and will support our efforts to expand our brands throughout the region.”
Hyatt-branded hotels currently open in Mexico are Hyatt Regency Cancun, Hyatt Regency Merida, and Hyatt Regency Villahermosa.
Monday, May 13, 2013 by digital camera guide
24rhCg Very informative article post.Really thank you! Really Great.
Saturday, March 16, 2013 by what is ciprofloxacin
This is one awesome blog.Much thanks again. Much obliged.
Saturday, March 16, 2013 by generic viagra no prescription
I really liked your blog post.Really looking forward to read more. Fantastic.
Saturday, March 16, 2013 by cheap cialis
I cannot thank you enough for the article.Really looking forward to read more.
Saturday, March 16, 2013 by Buy Levitra uk
Great blog.Really looking forward to read more. Much obliged.
Friday, March 15, 2013 by buy generic viagra
Wow, great article post.Really looking forward to read more. Great.
Wednesday, March 13, 2013 by buy cheap viagra
Appreciate you sharing, great article post.Thanks Again. Want more.
Wednesday, March 13, 2013 by buy viagra pills
wow, awesome post.Really looking forward to read more. Keep writing.
Wednesday, March 13, 2013 by buy viagra
Really enjoyed this article post. Great.
Wednesday, March 13, 2013 by buy viagra online
This is one awesome article.Much thanks again. Keep writing.