Hyatt Hotels Corporation (NYSE: H) and Parks Hospitality Holdings (“PHH”) have unveiled an exciting collaboration set to enrich Mexico's hospitality landscape. This partnership will introduce four new Hyatt properties across Mexico, including Mexico City, Los Cabos, and Cancun, starting from 2024. The expansion plan comprises two Grand Hyatt hotels, a select-service offering near Cancun International Airport, and the much-anticipated Park Hyatt brand debut in Cancun.

This strategic move by Hyatt and PHH responds to a surging demand for luxury and leisure travel, underlining a commitment to fostering growth in Mexico. It promises travelers an array of personalized services, distinctive culinary experiences, and versatile event spaces in prime locations, catering to both leisure and business guests.

Camilo Bolaños, Senior Vice President of Development for Latin America & the Caribbean at Hyatt, emphasized the significance of nurturing relationships with partners like Parks Hospitality Holdings. He stated, "Hyatt's unique position, coupled with our agility, enables us to build personal relationships, draw from our experiences, and lead with empathy, all contributing to the world-class hospitality that Hyatt is renowned for."

Key Developments Under the Collaboration:

1. Park Hyatt Cancun (Opening in 2025): This resort promises beachfront luxury, immersive culinary delights, bars, lounges, and over 3,000 square feet of meeting space, including a 2,000-square-foot ballroom. The resort’s architectural splendor, artistry, personalized service, and understated luxury set against Cancun's pristine beaches make it a home away from home.

2. Grand Hyatt Mexico Santa Fe (Opening in 2025): In 2025, this 287-room hotel will open, marking the first urban Grand Hyatt property in Mexico. It will offer panoramic city views, over 10,000 square feet of event space, and is part of the Distrito Santa Fe mixed-use project.

3. Grand Hyatt Los Cabos (Opening in 2026): Situated within the OLEADA Pacific Living & Golf private resort community, this 300-room property offers 1,200 acres of luxury, including an 18-hole golf course designed by Golf Hall of Famer Ernie Els, signature restaurants, bars, and more.

4. Hyatt Place Cancun Airport (Opening in late 2026): This 156-room property, conveniently located near Cancun International Airport, caters to leisure and business travelers with contemporary design, spacious areas, and 24/7 conveniences.

Charles El Mann Fasja, CEO of Parks Hospitality Holdings, expressed pride in contributing to Mexico's growth by introducing these exceptional hotels. The collaboration focuses on combining modern design with heritage, emphasizing sustainability, and promoting local craftsmanship.

About Hyatt Hotels Corporation

Headquartered in Chicago, Hyatt Hotels Corporation is a global hospitality leader, operating more than 1,300 hotels and all-inclusive properties across 76 countries on six continents. The diverse portfolio includes a range of brands catering to various traveler preferences.

About Parks Hospitality Holdings

Parks Hospitality Holdings (“PHH”) is a division of Parks Holdings, established in 2006, focusing on the development, construction, acquisition, and operation of hotels in Mexico's thriving tourism markets. Their dedication to sustainable practices, local craftsmanship, and community support underscores their commitment to enhancing the hospitality sector in the region.