Hyatt announces acquisition of premier Mexico City hotel in Polanco

Hyatt announces acquisition of premier Mexico City hotel in Polanco

Nearly 30 years after the opening of the first Hyatt hotel in Mexico, Hyatt Hotels Corporation announced that a Hyatt affiliate intends to acquire the 756-room Hotel Nikko Mexico for approximately US$190 million from Japan-Mexico Hotel Investment Co., Ltd. The transaction is scheduled to close in May and, upon closing, the hotel will be rebranded as Hyatt Regency Mexico City. Hyatt will invest approximately US$40 million in a three-year renovation to strengthen the hotel’s competitive position as the preferred business and leisure hotel in Mexico City. With the hotel’s acquisition and rebranding, the Hyatt Regency brand will establish a strong presence in Mexico City with a leading business and leisure hotel located in Polanco, Mexico City’s most desirable area.

“Acquiring Hotel Nikko Mexico and rebranding it as Hyatt Regency Mexico City is an important step in our broader plans for growth in Mexico and Latin America,” said Steve Haggerty, global head of real estate and development for Hyatt Hotels Corporation. “Mexico City is the premier political, business and commercial hub in Mexico. Our strategic investment in this hotel, which has a highly visible presence in Mexico City, will increase awareness of Hyatt in Latin America and will support our long-term goal of becoming the most preferred hospitality company in every segment we serve.”

Hyatt Regency Mexico City’s excellent location will position it as one of Mexico City’s most visible and popular hotels. The hotel is situated in the heart of the upscale Polanco district on Campos Eliseos, where the headquarters of international corporations like General Motors, Nestle, and Coca Cola are located, as well as organizations such as the U.N., OAS, and many of the country’s embassies. Hyatt Regency Mexico City will face Chapultepec Park and be within walking distance of the city’s best museums and art galleries, theaters, dining and nightlife attractions, high-end retail shopping areas, the Chapultepec Zoo and Aviary, and the Botanical Gardens.

Hyatt Regency Mexico City will have 734 rooms after combining some of the existing rooms into suites. The hotel’s amenities will include approximately 30,000 square feet of meeting and event space, two signature Japanese restaurants, a three-meal restaurant and lobby bar, a business center, a fitness center, tennis courts, and a pool. This summer the hotel will complete an extensive six-year renovation program that includes the complete refurbishment of all the guestrooms as well as the two Japanese restaurants.

“We look forward to welcoming guests from Latin America and all over the world to Hyatt Regency Mexico City and to sharing Hyatt’s authentic hospitality with those who are familiar with the brand or completely new to it,” said Myles McGourty, senior vice president – Hyatt of Latin America, who is based in Mexico City. “Hyatt Regency Mexico City will significantly increase Hyatt’s visibility among travelers in Latin America and will support our efforts to expand our brands throughout the region.”

Submit to DeliciousSubmit to DiggSubmit to FacebookSubmit to Google BookmarksSubmit to StumbleuponSubmit to TwitterSubmit to LinkedIn

FAM Trips

goodwood house ballroom

Speed track, horse-racing, private flying, golf, spa pampering and world-famous art in glorious countryside

An ITCM group enjoyed it all at Goodwood, West Sussex
You are planning corporate hospitality in the UK and you offer a choice to your guests or award winners.
Read more

amalfi

Naples, Amalfi, Sorrento and Pompeii in 3 days

Michelle Chenery reports on a +39 Events spectacular fam trip
Read more

 

belgium classic cars

Our classic tour of the Ardennes

Michelle Chenery reports on a Southern Belgium ITCM fam trip that coincided with the volcanic eruption and produced more adventures than we bargained for!
Read more

 

ITCM slept here

cumberland Hotel

No delegate will doze off here

ITCM enjoys the buzz around myhotel Brighton
At least 50 young men raced by on roller skates, roller blades and skateboards, many with illuminations on their backs and hats.
Read more

St Ermin’s

St Ermin’s is a one-off central London hotel with a flavour of its own

Bees and a balcony combine to create an unrivalled experience
Afternoon tea business in London hotels is buzzing, but nowhere so much as at St Ermin’s Hotel in Caxton Street, SW1.
Read more

Marriott County Hall

A London hotel that is, itself, a visitor attraction

ITCM spent a memorable night at the London Marriott County Hall
Read more

ITCM Visits

blank

This baronial Devon property is for exclusive use only

Roger St. Pierre visits Huntsham Court, an idyllic retreat in deepest Devon, a 2-hour train ride from London
Read more

Clumber Park Hotel & Spa

It’s a jungle out there in Sherwood Forest

Michelle Chenery reports on Clumber Parks' newly launched team-building boot camp
Read more

Montreal

Wide choice of facilities in a vibrant city

Roger St Pierre reports from Montreal
Canadians have somehow managed to soak up the best of American, French and British influences, leaving behind the worst features of those.....
Read more

Destination reports

Faroes

Millions and billions refurb New Orleans

Roger St. Pierre surveys the post hurricane recovery
LIt’s already seven years since the fearsome Hurricane Katrina devastated New Orleans, the fabled ‘Crescent City’.
Read more

Scotland

Atlantic City is a sure bet

Roger St Pierre finds that Atlantic City is beginning to convince Europe it is a great MICE destination
Read more


mauritius

Philadelphia adds to its giant MICE facilities

Roger St Pierre sends reports during an extended visit to some of the USA’s top conference destinations
Read more


Twickenham Experience
Fnd out more about Twickenham Experience...
Read more


Listen to Croatia's winning video

Read more
Radisson Blu Hotel Zurich
Fnd out more about Radisson Blu Hotel Zurich...
Read more