Hyatt Hotels Corporation (NYSE: H) and Parks Hospitality Holdings (“PHH”) have announced a highly anticipated collaboration to expand Hyatt’s brand footprint in Mexico with the development of four new properties across key destinations in Mexico, including Mexico City, Los Cabos, and Cancun. The new properties are expected to open starting 2024 and will include two Grand Hyatt hotels, a new select-service offering near the Cancun International Airport, and the debut of the Park Hyatt brand in Cancun.
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