Parks Hospitality Holdings to Debut Park Hyatt in Cancun

Hyatt Hotels Corporation and Parks Hospitality Holdings (PHH) have partnered to expand Hyatt's presence in Mexico by developing four new properties across the country including Mexico City, Los Cabos, and Cancun. These additions to the Hyatt portfolio are scheduled to welcome guests in 2024. According to Hyatt, this expansion plan encompasses:

• Two Grand Hyatt hotels
• The debut of the Park Hyatt brand in Cancun
• A new select-service offering near the Cancun International Airport

Hyatt said the driving force behind this collaboration is the "unprecedented and sustained demand" for leisure and luxury travel. Hyatt and PHH share a common vision of fostering "thoughtful growth" in Mexico, where they aim to provide "highly personalized service tailored to cater to the needs of leisure and business travellers."

"Our intentional growth strategy for our portfolio in Mexico is driven by strong relationships with owners like Parks Hospitality Holdings who are helping expand Hyatt's brand footprint across markets that matter most to our guests, World of Hyatt members and customers," said Camilo Bolaños, senior vice president of development, Latin America & the Caribbean, Hyatt. "Hyatt occupies a unique position in the marketplace, and we believe we are optimally positioned because of our size, scale and portfolio – we are agile enough to create personal relationships, draw on our own experiences and lead with empathy, which allows us to deliver the world-class hospitality for which Hyatt is known."

Parks Hospitality Holdings' Investment and Multi-Deal Collaboration Include:

• Park Hyatt Cancun: Slated to open in 2025, this resort will offer beachfront access, culinary experiences, bars and lounges, and more than 3,000 square feet of meeting space, including a 2,000-square-foot ballroom.
• Grand Hyatt Mexico Santa Fe: Slated to open in 2025, this 287-room hotel will be the first urban Grand Hyatt property in Mexico and the second Grand Hyatt hotel in the region. It will offer 360-degree views of the city and more than 10,000 square feet of meeting and event space.
• Grand Hyatt Los Cabos: Slated to open in 2026 and situated within the OLEADA Pacific Living & Golf private resort community, this property will offer 1,200 acres 15 minutes west of Cabo San Lucas and 30 minutes from Los Cabos International Airport. The 300-room hotel will include an 18-hole golf course designed by Golf Hall of Famer Ernie Els and multiple restaurants and bars.
• Hyatt Place Cancun Airport: Slated to open in late 2026 and located less than 10 minutes away from Cancun International Airport, this 156-room property will offer a new select-service option for leisure and business travellers.

More information on Hyatt's website.