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Hyatt Announces Plans for Hyatt Place and Hyatt House Hotels in Latin America

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Hyatt Place and Hyatt House Panama City Costa del Este are expected
to open in 2015

CHICAGO–(BUSINESS WIRE)–Feb. 26, 2013–
Hyatt
Hotels Corporation (NYSE: H) announces that a Hyatt affiliate and
affiliates of the Malca family have formed a joint venture to develop
and own two hotels in the master planned community of Costa del Este in
Panama City, Panama that will be branded as a Hyatt Place and Hyatt
House.

Hyatt Place Panama City Costa del Este and Hyatt House Panama City Costa
del Este will be part of a mixed use development that will also include
approximately 118,000 square feet (11,000 s…