Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management services agreement with 5 Star Empreendimentos Imobiliários Ltda for a Park Hyatt hotel in Foz do Iguaçu, Brazil. Park Hyatt Foz do Iguaçu will become the first Park Hyatt hotel in Brazil and is expected to open in 2017.
Hilton Worldwide announced the opening of the newly-built Hilton Panama, a 347-room Hilton Hotels & Resorts property in Panama City, Panama.
The Holiday Inn Coatzacoalcos hotel, owned by Hotelera Pedregal, S.A. de C.V. is franchised by an affiliate of IHG and is located at Blvd. John Spark #4, Reserva Territorial Duport Ostion, Coatzacoalcos, Veracruz, Mexico.
At this weeks World Travel & Tourism Conference (WTTC), Craig Smith, president of the Caribbean and Latin America at Marriott International, Inc. (NASDAQ: MAR), announced that the company expects to reach the milestone of 5,000 hotels by 2017, planning to add 1,300 new hotels in the next three years at the rate of 6 per week. In Latin America alone, the company expects to close 2017 with 150 hotels across 25 countries, nearly doubling its portfolio in Latin America.
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