Hyatt Place Announces First Hotel in Latin America
Hyatt Hotels Corporation (NYSE: H) and Immobiliare Real Estate Development, a Panamanian real estate company, announced today that a Hyatt subsidiary and Immobiliare have signed an agreement to develop the first Hyatt-branded hotel in Panama and the first Hyatt Place hotel in Latin America. Slated to open in early 2012, the 167-room Hyatt Place Panama City will be located in the heart of Panama City’s financial district on Aquilino de la Guardia Avenue between 50th Street and Via Espana.
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