International edition
June 18, 2021

With an investment of us$ 38 million

Hyatt Place casino hotel project in Puerto Rico begins construction

(Puerto Rico).- Construction began this week on a 104-room Hyatt Place hotel in Manatí, Puerto Rico. The five-story property, which will include an 1,068 sqm casino and restaurant, is expected to open in 2014. The project is the product of an agreement between Hyatt Hotels and Island Hospitality Partners, which is a joint venture of PRISA Group and McConnell Valdes Consulting.

T

he hotel will feature 104 guest rooms in a five-story building, along with an 1,068 sqm casino and restaurant. “We are glad to work with Island Hospitality on a second Hyatt Place hotel project in Puerto Rico,” said Pat McCudden, senior vice president for real estate development at Hyatt Hotels & Resorts. “We believe that the Hyatt Place brand and the location of the hotel in Manatí will have strong appeal to business and leisure travelers visiting the region.”

The Hyatt Place brand was first launched in 2006. There are currently 165 Hyatt Place hotels in the United States, along with one each in Costa Rica and India. “We continue to expand the tourism industry in Puerto Rico,” said Puerto Rico Resident Commissioner Pedro Pierluisi.

According to government figures, the territory’s hotel occupancy rose 10.2 percent in June compared to the same period in 2011. Island Hospitality owns the Hyatt Place Bayamon Hotel and El Tropical Casino, which has already launched construction and is also set to open in 2014.

Puerto Rico Governor Luis Fortuño said the Manatí project would mean an investment of about us$ 38 million, along with almost 600 new jobs. “The boom in hotel development shows that the tourism industry in Puerto Rico is growing,” Fortuño said.

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