In a strategic alliance, Hyatt Hotels Corporation and Parks Hospitality Holdings (PHH) are set to transform Mexico’s hospitality landscape with the unveiling of four new properties.
The developments in Mexico City, Los Cabos and Cancun mark a significant expansion of Hyatt’s luxury and leisure offerings.
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PHH was established to acquire, develop, construct and operate hotels primarily in Mexico. Its market expertise will aid Hyatt’s expansion efforts.
Set to open from 2025 onwards, the hotels resulting from the collaboration promise a blend of personalised service, dining and event space.
Growth in key destinations
The collaboration aligns with an escalating demand for leisure and luxury travel.
Hyatt and PHH are committed to growth and to enhancing Hyatt’s brands. The commitment involves an offer of personalised service, unique culinary experiences and elevated meeting spaces, catering to the needs of both leisure and business travellers.
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By GlobalDataThe new properties
The Park Hyatt Cancun (opening 2025) is a beachfront resort offering culinary experiences, bars, lounges, and more than 3,000ft² of meeting space.
The Grand Hyatt Mexico Santa Fe (opening 2025) offers 287 rooms, 360-degree city views and more than 10,000ft² of meeting and event space.
The Grand Hyatt Los Cabos (opening 2026) is a 300-room property located within the OLEADA Pacific Living & Golf resort.
The Hyatt Place Cancun Airport (opening late 2026) is a 156-room hotel near Cancun International Airport that focuses on contemporary design, spacious areas and 24/7 convenience.
Charles El Mann Fasja, CEO of Parks Hospitality Holdings, expressed pride in contributing to Mexico’s growth in a company statement: “At PHH, we are committed to developing hotels that combine modern design with a nod to our rich heritage, while also supporting local communities. By emphasising sustainability and showcasing Mexican craftsmanship, we are raising the bar for hospitality in the region.”
Hyatt performance
In early November 2023, Hyatt reported record third-quarter (Q3) results for the year.
Hyatt witnessed a substantial surge in net income, reaching $68m in Q3 2023, compared to $28m in the same period of the previous year. Adjusted net income rose to $75m, surpassing $72m in Q3 2022.
