The first Hyatt-branded hotel in Mallorca is expected to open in 2015
CHICAGO–(BUSINESS WIRE)–Mar. 8, 2013–
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt
affiliate has entered into a management agreement with Cap Vermell Hotel
Proyectos y Promociones, S.L., a Spanish real estate development
company, for a new Park Hyatt hotel in Mallorca. Park Hyatt Mallorca
will be the first Hyatt-branded hotel in Mallorca, an island in the
Mediterranean Sea off the eastern coast of Spain.
Scheduled to open in 2015, the 142-room luxury resort hotel will be
built in the style of a traditional Mallorquin hi…