Hyatt Enters Agreement with Promotora Comercial Abadan for 144-Key Hyatt Place Aguascalientes in Mexico
Hyatt Hotels Corporation (NYSE: H) have announced that a Hyatt affiliate has entered into a franchise agreement for the 144-key Hyatt Place Aguascalientes with affiliates of Promotora Comercial Abadan, S.A. de C.V. The hotel will be managed by Grupo Hotelero Santa Fe, one of the most respected hospitality companies in the Mexican hotel industry. Upon its expected opening in 2019, Hyatt Place Aguascalientes will be Mexico's sixth Hyatt Place hotel.
“It is our great pleasure to expand the Hyatt Place brand into Aguascalientes, the most populous city in the state bearing the same name and one of the fastest growing destinations in Mexico,” said Luciano Julio, regional director of operations in Latin America, Hyatt Place and Hyatt House. “This opening will mark the brand's sixth hotel in Mexico and strengthens Hyatt's strategy to grow its brands in key locations within the country, such as the 'golden economic triangle', to increase preference among guests.”
Hyatt Place hotels offer casual hospitality and purposeful service in a smartly designed, high-tech and contemporary environment. Hyatt Place Aguascalientes will be located in the southern area of the city in close proximity to industrial parks, automotive manufacturing plants and downtown Aguascalientes, where all municipal and central government offices are located. Aguascalientes serves as an industrial and manufacturing hub with an extensive network of modern highways, multiple free trade zones, the two largest railway centers in Mexico, and Lic. Jesus Teran Peredo International Airport.
“We are very excited to add a Hyatt Place hotel to our real estate portfolio,” said Abadan's General Director Felipe Colomo. “We are honored to collaborate with Hyatt on this project, a project that confirms that Mexico continues to be an attractive market to grow and invest.”
“This announcement is an important milestone for Grupo Hotelero Santa Fe as it will be the first Hyatt that we will be managing. We look forward to growing together with Hyatt in Mexico. We are also excited, as both the city of Aguascalientes and Hyatt Place fit our strategy for operating third party hotels in Mexico," said Francisco Zinser Cieslik, CEO of Grupo Hotelero Santa Fe.
For more information, please visit www.hyattplace.com.
About Hyatt Place
Hyatt Place, a brand of Hyatt Hotels Corporation, combines style, innovation and 24/7 convenience to create a seamless stay with modern comforts. There are more than 285 Hyatt Place locations in Australia, Armenia, Brazil, Canada, Chile, China, Costa Rica, Honduras, India, Mexico, Morocco, Nicaragua, Panama, Puerto Rico, Thailand, The Netherlands, United Arab Emirates, United Kingdom, and the United States. For more information, please visit hyattplace.com. Join the conversation on Facebook and Instagram, and tag photos with #HyattPlace and #WhySettle.
About Promotora Comercial Abadan, S.A. de C.V
Promotora Comercial Abadan (Abadan) is a Real Estate company, part of Grupo Punto Alto (GPA). Focused in both Commercial and Hospitality projects, it has developed projects in Chihuahua, Irapuato, Guadalajara and Ciudad Juarez. GPA is the holding entity of fourteen companies focused in Construction, Aerospace, Metal Products and Real Estate. It has consolidated revenues of over 9,500 million pesos, and employs over 2,800 people all over Mexico. For more information visit www.grupopuntoalto.com.
About Grupo Hotelero Santa Fe
Grupo Hotelero Santa Fe is a leading company in the Mexican hotel industry, focused on acquisitions, use conversions, development and operation of its own hotels as well as third party-owned hotels. The Company focuses on strategic hotel location and quality, a unique hotel management model, strict expense control and the proprietary Krystal® brand as well as other international brands. As of year-end 2016, the Company employed over 2,800 people and generated revenues of Ps. 1,221 million. For more information, please visit gsf-hotels.com
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 13 premier brands. As of September 30, 2017, the Company's portfolio included 739 properties in 57 countries. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to create value for shareholders, build relationships with guests and attract the best colleagues in the industry. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences and vacation ownership properties, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt™, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™ and Hyatt Residence Club® brand names and have locations on six continents. For more information, please visit hyatt.com.
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