Hyatt Hotels Corporation (NYSE:H) and Playa Hotels & Resorts B.V. (Playa) today announced plans to introduce the Hyatt Ziva brand to Cancun. Formerly Dreams Cancun, the resort’s multi-million dollar renovation began June 1, and it is expected to reopen in late 2015 as Hyatt Ziva Cancun. The resort will be managed by Playa Resorts Management, the operational component of Playa Hotels & Resorts. “Since the debut of Hyatt’s first two all inclusive resorts late last year, Hyatt Zilara Cancun and Hyatt Ziva Los Cabos, we continue to listen to guests in order to redefine the all inclusive experience,” said Chris Walker, vice president of brand experience for Hyatt Ziva and Hyatt Zilara. “We are delighted to see plans for Hyatt Ziva Cancun advance as it will offer a great new resort option for new and existing Hyatt guests. The renovation of such an iconic building, coupled with an all inclusive experience, will make Hyatt Ziva Cancun the preferred hotel by families visiting Cancun.” “We are excited to begin working on the renovation plans for Hyatt Ziva Cancun as it represents an opportunity to restore and transform one of Cancun’s most architecturally significant resorts into a new and innovative destination for the well-traveled all inclusive guest,” said Chief Executive Officer Bruce Wardinski, Playa Hotels & Resorts B.V. “We have received overwhelming endorsements on our direction to make the all inclusive resort experience more sophisticated by leveraging Hyatt’s expertise in food and beverage, as well as in the groups and meetings segment.” Located in Cancun’s most pristine and desirable beach location, Hyatt Ziva Cancun will be at the tip of Punta Cancun surrounded on three sides by the turquoise Caribbean Sea. Originally designed by renowned Mexican architect Roberto Legoretta, the resort’s original pyramid-style construction exemplifies the contemporary Mexican architecture that came to define the development of Cancun and other Mexican beachside resorts in the 1970s. The hotel renovation includes a restoration component that will maintain the architectural integrity and beauty of the original.