Hyatt Hotels Corporation (NYSE: H) and Immobiliare Real Estate Development, Panama, have agreed to build the first Hyatt hotel in Panama. This is going to be the first Hyatt Place hotel in Latin America. Located right in the middle of Panama City's financial area, 12 miles from Tocumen International Airport, the hotel is slated to open in 2012.
This is just one of the three Hyatt hotels planned to be built in Panama. All the hotels will be developed on joint ownership terms between a Hyatt subsidiary and Immobiliare Real Estate Development.
The highly innovative Hyatt Place hotel will offer 167 spacious rooms and a full kit of high quality accommodation services and around-the-clock restaurants with fresh meals available all the time. Other amenities include business area, conference rooms, Wi-Fi, outdoor swimming pool and a fitness center. The hotel will employ a polite and responsive staff ready to help guests any time they need assistance.