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Hyatt, Parks Hospitality Collaborate in Mexico with New Hotels to Open in 2024 and Beyond

Hyatt Hotels and Parks Hospitality Holdings are collaborating to expand Hyatt’s brand footprint in Mexico with the development of four new properties across key destinations, including Mexico City, Los Cabos and Cancun. The new properties are expected to open starting in 2024 and will include two Grand Hyatt hotels, a new select-service offering near the Cancun International Airport and the debut of the Park Hyatt brand in Cancun.

Hyatt’s collaboration with PHH reflects a strong development pipeline driven by an unprecedented, sustained demand for leisure and luxury travel. Hyatt and PHH are committed to thoughtful growth in Mexico by expanding Hyatt’s legacy brands and offering personalized service, distinct food and beverage experiences and versatile, elevated meeting and event spaces in key destinations to serve leisure and business travelers alike.

Parks Hospitality Holdings Investment in Prominent Markets with Multi-Deal Collaboration:

  • Park Hyatt Cancun: Slated to open in 2025, this resort will offer beachfront access, immersive 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, more than 10,000 square feet of meeting and event space and be an integral part of the mixed-use project Distrito Santa Fe.
  • Grand Hyatt Los Cabos: Slated to open in 2026 and situated within the OLEADA Pacific Living and Golf private resort community, this 1,200-acre property is located 15 minutes west of Cabo San Lucas and 30 minutes from Los Cabos International Airport. The 300-room hotel designed by SB Architects will feature an 18-hole golf course and multiple restaurants and bars. The luxury OLEADA resort community will span nearly a mile offering a resort and residential options, nature trails for hiking and cycling, a garden and more.
  • Hyatt Place Cancun Airport: Slated to open in late 2026 and located less than 10 minutes from Cancun International Airport, this 156-room property will offer a new select-service option for leisure and business travelers, featuring contemporary design, spacious areas and 24/7 conveniences.

“We are honored to expand our relationship with Hyatt and introduce these exceptional hotels to Mexico,” said Charles El Mann Fasja, CEO of Parks Hospitality Holdings. “As a world-class tourism destination with a vibrant culture, breathtaking natural beauty and renowned cuisine, we are proud to contribute to the country’s growth. At PHH, we are committed to develop hotels that combine modern design with a nod to our rich heritage, while also supporting local communities. By emphasizing sustainability and showcasing Mexican craftsmanship, we are raising the bar for hospitality in the region.”

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