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TheStreet Open House

Hyatt Place Manatí Opens In Puerto Rico

Stocks in this article: H

Hyatt Hotels Corporation (NYSE: H), PRISA Group and McConnell Valdes Consulting today announced the opening of Hyatt Place Manatí in Manatí, Puerto Rico. The Governor of Puerto Rico, the Hon. Alejandro Garcia Padilla, attended the hotel’s ribbon-cutting ceremony. Hyatt Place Manatí represents the first international hotel brand in the north central region of Puerto Rico and the second Hyatt Place hotel to open in Puerto Rico within the last three months, marking for a strong return of Hyatt-branded hotels to the Island after a seven-year absence.

In December of 2013, Puerto Rico’s first Hyatt Place hotel opened in the municipality of Bayamon and has been warmly received by the region. The Hyatt Place brand expansion continues in Puerto Rico with Hyatt Place Manatí and will be followed by a Hyatt House hotel in San Juan, which is expected to open later this year. Hyatt House San Juan will mark the first hotel in the extended stay segment to open in Puerto Rico.

“Hyatt Place was built from the insight of our guests' appreciation for approachable style, where design and quality is delivered in a very simple and affordable fashion, offering a seamless travel experience for guests, and we are delighted with this new choice for travelers visiting the north central region of Puerto Rico,” said Chris Walker, vice president of brands, Hyatt Place. “This second opening furthers the meaningful growth of our brand in Puerto Rico, and throughout the U.S., Caribbean, Mexico and Latin America over the next few years.”

Hyatt Place hotels are opening throughout the world and the brand is nearing its 200th hotel opening. Its strength and reputation among guests and the hospitality industry is also continuing to grow. Last year, the Hyatt Place brand was recognized for its distinctive amenities and service as highest in guest satisfaction among upscale hotel chains in the U.S. by J.D. Power; one of the top 10 brands offering the best customer satisfaction in both the Americas and around the globe by the Market Metrix Hospitality Index; and best in its category for the second consecutive year in Business Travel News’ annual Hotel Chain Survey.

“With Puerto Rico seeing double-digit growth in visitors and RevPAR during the last three years, it’s the perfect time to introduce our second Hyatt Place hotel on the Island and to expand our relationship with Hyatt,” said Federico Stubbe, Jr., president of PRISA Group, the developer and owner. “The Hyatt Place brand offers an innovative service concept and a modern design that we believe will be very successful in Puerto Rico. The introduction of a second of three planned Hyatt select service hotels in Puerto Rico is a testament to the growth of the Island as a national and international destination for both leisure and business travelers.”

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