Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a management agreement with Fideicomiso FAFP-Promover-Hotel Cali- Fiduciaria del País S.A. for a Hyatt Regency hotel in Santiago de Cali, Colombia. This agreement marks the third Hyatt-branded hotel under development in Colombia, joining Grand Hyatt Bogota and Hyatt Regency Cartagena, which are both slated to open in 2016.
“Cali represents an important destination for a Hyatt Regency hotel because it is a Colombia’s second largest city and a gateway to Latin America,” said Pat McCudden, senior vice president, real estate and development – Latin America and Caribbean for Hyatt. “Expanding Hyatt’s brand presence in Colombia is a critical component of our growth strategy for Latin American and the Caribbean destinations, and reaffirms Hyatt’s commitment to becoming the most preferred brand among business and leisure travelers in the region.”
Scheduled to open in 2016, Hyatt Regency Cali will be situated in northwestern Cali, in one of the city’s most popular and upscale neighborhoods, adjacent to Chipichape Mall, the city’s largest shopping center. The 218-room full service hotel will feature a restaurant and bar, meeting and banquet facilities totaling nearly 15,000 square feet, a spa and fitness center, and an indoor pool. The hotel will be a main component of the World Trade Center Pacific Cali, a 2.6 acre mixed use development that will also include high-end retail space, office space and a state-of-the-art medical services facility. In close proximity to Alfonso Bonilla Aragón International Airport, Valle del Pacifico Convention Center and various industrial parks, the hotel will be strategically positioned to capture Cali’s leisure and business travelers, as well as meetings and events business in the Valle del Cauca region, an area growing in business and medical tourism.
“Colombia is a welcoming and culturally rich country known for its hospitality, and we are thrilled to be bringing the Hyatt Regency brand to the World Trade Center Pacific Cali,” said Promover Gerencia Inmobiliaria S.A.S. and Grupo Empresarial Pincaso S.A.S. as developers. “We are thrilled to be working with Hyatt as we elevate the business and tourist profile of this important destination with the addition of Hyatt Regency Cali.”
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