Hyatt Hotels Corporation recently confirmed the deal when Hyatt announced it entered into a management agreement with Dilony S.A. Dilony expects the new 167-room hotel to be open in 2015 in Montevideo, and the Hyatt-branded property brings the total number of announced Hyatt-branded hotels under development in Latin America to 14.
Hyatt's latest Latin American property will be situated along the Rambla Republica del Peru, a major thoroughfare along the coastline of Montevideo.
"We are excited to work with Dilony S.A. on the first Hyatt-branded hotel in Uruguay," said Pat McCudden, Senior Vice President, Real Estate and Development, Hyatt Hotels & Resorts. "This project is an important step in our broader plans to establish Hyatt properties in all of the major gateway and capital cities in Latin America, and we believe that the Hyatt brand and the excellent location of the hotel in Montevideo will have strong appeal to business and leisure travelers visiting the region."
Located in Montevideo's Pocitos neighborhood, the Hyatt Montevideo will be in close proximity to many of area's business and leisure districts, including Ciudad Vieja, the World Trade Center and the Montevideo Shopping Center. Additionally, Carrasco International Airport is easily accessible from the hotel.
Of the hotel's 167 guestrooms, 14 will be suites that range in size from 484 to 816 square feet (45 square meters to 80 square meters). The hotel will also offer an all-day dining restaurant, a lobby lounge, a fitness center, an indoor pool, and more than 6,200 square feet of meeting and event space.
"We are pleased to work with Hyatt on the first Hyatt-branded hotel in Uruguay," said Daniel Weiss, President of Dilony S.A. and Director of Weiss Sztryk Weiss, the developer group. "We appreciate Hyatt's commitment to providing authentic hospitality to its guests, and we believe Hyatt Montevideo's excellent location along the Rambla and the sea coast will deliver an exceptional hospitality experience to guests visiting Montevideo."
As of June 30, 2012, Chicago-based Hyatt Hotels Corporation consisted of 492 properties in 45 countries and six continents.