In collaboration with Grupo Hermosillo, leading global hotel
Hyatt Hotels Corporation
) recently unveiled the Hyatt Place San Jose del Cabo in Baja
California Sur, Mexico thus introducing the Hyatt Place brand in
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This is the third Hyatt Place property in Latin America and the
Caribbean after Hyatt Place Bayamon in Bayamon, Puerto Rico and
Hyatt Place San Jose/Pinares in Costa Rica.
On Dec 6, the company announced the opening of Hyatt Place
Bayamon in Puerto Rico, the first Hyatt Place property in the
Caribbean market. Meanwhile, this marked the company's return to
Puerto Rico after seven years. In Nov 2012, the company unveiled
Hyatt Place San Jose/Pinares, its first in Costa Rica and the
first Hyatt Place hotel outside the U.S.
Other Hyatt Place hotels in the pipeline in Mexico include La
Paz, Baja California Sur; Tijuana, Baja California; and Ciudad
del Carmen, Campeche. Hyatt already operates hotels in Mexico
under other popular brands such as Hyatt Regency Cancun, Hyatt
Regency Merida, Hyatt Regency Villahermosa, Hyatt Ziva Los Cabos
and Hyatt Zilara Cancun.
Hyatt Hotels is consistently trying to expand its presence
worldwide. In a concerted effort to strengthen its portfolio, the
hotelier is trying to develop new properties in the country under
different brands. Last week, Hyatt Hotels in collaboration with
Drury Hotels Company, a Missouri based family owned and operated
business, announced the opening of Hyatt Place St.
Louis/Chesterfield, the first Hyatt Place hotel in the St. Louis
In order to remain competitive and strengthen their presence in
the industry, hoteliers need to accelerate domestic as well as
international expansion. Recently, In order to ramp up its
presence in the flourishing Chinese market, leading hotelier
Starwood Hotels & Resorts Worldwide Inc.
) unveiled a property named Aloft Dalian in Dalian, Northeast
Hyatt Hotels presently has a Zacks Rank #3 (Hold). Some
better-ranked stocks in the hotel industry include
Marriott Vacations Worldwide Corp.
Marriott International, Inc.
). Both these stocks hold a Zacks Rank #2 (Buy).