Hyatt Enters Agreement With Sir Investments Guyana to Develop Hyatt Place Georgetown Demerara in Guyana

USA, Chicago, Illinois. November 15, 2021

Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a franchise agreement with SIR Investments Guyana Inc. for the development of Hyatt Place Georgetown Demerara. Expected to open in 2023, the 125-room hotel will be managed by Aimbridge Hospitality and signifies the first Hyatt-branded hotel in Guyana.

Located in the Providence community in East Bank Demerara, Hyatt Place Georgetown Demerara will be located only 15 minutes away from the commercial hub of Georgetown and 22 miles from Cheddi Jagan International Airport. The area is already established as one of Guyana's primary residential areas and features key attractions and amenities such as the National Stadium, the Princess Theatre and Hotel and a vibrant mix of retail shops and restaurants.

With a groundbreaking event slated for this month, Hyatt Place Georgetown Demerara is projected to open in the fourth quarter of 2023. Known for its elevated amenities and uncomplicated experience, the Hyatt Place brand expands its presence in South America.

"We are thrilled to announce plans to introduce the Hyatt Place brand in Guyana and expand the brand's footprint through the development of this new hotel in the emerging hotel sector of Georgetown," said Camilo Bolaños, vice president of development for the Americas, Hyatt. "As international travel demand continues to ramp up and the Georgetown hotel sector is expected to grow exponentially in the coming years, Hyatt Place Georgetown Demerara will be positioned to serve both busines and leisure travelers alike. Hyatt Place hotels are designed for high-energy professionals who want to balance their priorities and get the most out of their stay, so they can get the most out of their lives."

The Hyatt Place brand is rooted in extensive consumer insights indicating that guests seek stylish, comfortable experiences that accommodate their lifestyles and familiar routines. To embody this, the brand offers approachable hospitality and purposeful service in a smartly designed, contemporary environment.

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