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Hyatt Announces Plans For A Park Hyatt Hotel In Brazil

Stocks in this article: H

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.

Park Hyatt Foz do Iguaçu will be located in the city of Foz do Iguaçu, Paraná in southwest Brazil. The city is home to Iguaçu National Park, a world heritage site that is world-renown for its waterfalls aptly named Iguaçu Falls. The national park shares its borders with Paraguay and Argentina, making it a coveted resort, eco-travel and meetings and incentives destination.

The hotel will be an important component of a mixed-use development that will be situated on a 98-acre parcel of land located on the riverbank of the Iguaçu River. The development will also include 30 Park Hyatt-branded two and three-bedroom homes, residential sites for single-family homes and a 25 acre protected nature reserve. Park Hyatt Foz do Iguaçu will offer the brand’s signature personalized services with 170 luxury rooms and suites, four restaurants and bars, a spa, a fitness center, an outdoor pool, and more than 16,146 square feet (1,500 square meters) of meeting and event space. The hotel is located 15 minutes from downtown Foz do Iguaçu and approximately six miles (10 kilometers) from Foz do Iguaçu National Park.

“In recent years, Hyatt has made a concerted effort to expand its brand presence in Brazil, and we couldn’t be more pleased to introduce the Park Hyatt brand in this world-class destination. We believe the brand’s reputation for personalized luxury and sophistication will be a welcomed offering to guests traveling to Foz do Iguacu,” said Pat McCudden, senior vice president, real estate and development, Latin America and Caribbean for Hyatt. “The development of the Park Hyatt Foz do Iguaçu is a significant step in our efforts to enhance guest loyalty by expanding the presence of Hyatt-branded hotels around the world to destinations where our guests are traveling.”

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