Hyatt Announces Plans for a Grand Hyatt Hotel in Bogota
CHICAGO—Hyatt Hotels Corporation announced today that a Hyatt affiliate has entered into a management agreement with Bienes y Comercio, S.A. for a Grand Hyatt hotel in Bogota, Colombia. Owned and constructed by Organización Luis Carlos Sarmiento Angulo, the hotel will be an part of the Ciudad Empresarial mixed use project. The project occupies approximately 925,000 square feet and is planned to have 18 office towers with an aggregate of over 6.5 million square feet of leasable area and more than 226,000 square feet of retail space that will include high end shops, a cinema, food and beverage outlets, and meeting and conference space. READER COMMENTS
“We are delighted that Grand Hyatt will be part of Ciudad Empresarial Sarmiento Angulo, which will be one of Bogota’s premier commercial projects,” said Pat McCudden, senior vice president, real estate and development for Hyatt Hotels & Resorts in Latin America and the Caribbean, in an announcement. “Grand Hyatt Bogota is set to be the first Hyatt-branded hotel in Bogota and will serve as our flagship hotel in the country. We look forward to announcing more Hyatt-branded properties in Colombia in the future.”
With an investment by Bienes y Comercio, S.A. of approximately $130 million, Grand Hyatt Bogota will offer 297 guestrooms, including 53 suites, and is being designed by Chicago-based Goettsch Partners architects, who have designed numerous other Hyatt-branded hotels, including Grand Hyatt Mumbai, Park Hyatt Guangzhou and several other Hyatt-branded hotels in China. Grand Hyatt Bogota’s guestrooms and suites will range in size from 473 square feet to 1,051 square feet. Expected to open in early 2015, the hotel will feature two restaurants, a lobby lounge, a patisserie, and more than 24,000 square feet of meeting and event space, including a 10,800 square-foot ballroom. Additional hotel amenities include a fitness center, an indoor pool, and a spa.
Grand Hyatt Bogota is the second Hyatt-branded hotel under development in Colombia, in addition to the previously announced Hyatt Regency Cartagena, which is expected to open in late 2015. Thirteen Hyatt-branded hotels are under development in Latin America, and when these properties open, there will be a total of 21 Hyatt-branded hotels in the region.