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Hotel Nikko Mexico to become Hyatt Regency Mexico City

1 min reading time

Published on 24/05/12 - Updated on 17/03/22

Hyatt Hotels Corp.'s recent purchase of the Hotel Nikko Mexico, which will be rebranded as Hyatt Regency Mexico City, is one of 20 properties the company will have open in Latin America by 2016 as expansion into the region continues

Steve Haggerty, global head of real estate and development for Hyatt, said in a statement that the local purchase is the first step in expanding the presence of the company’s hotels throughout South America. In addition to the $190 million Hyatt paid for Hotel Nikko, it will spend $40 million more to renovate it.Hyatt will spend more on 12 more new hotels in Mexico, Costa Rica, Brazil, Panama, Columbia and Chile. The company already operates eight properties in Argentina, Brazil, Chile and Mexico. The four Hyatt’s currently under development in the region include the Grand Hyatt Rio de Janeiro in Brazil, Andaz Papagayo and Hyatt Place San Jose Pinares in Costa Rica and Hyatt Place Panama City. Another eight agreements have been signed, the company said.

Hyatt Hotels Corporation

Hyatt Hotels Corporation

Hotel Group

  • Hyatt Hotels Corporation United-States
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