Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement for the 144-key Hyatt Place Aguascalientes with affiliates of Promotora Comercial Abadan, S.A. de C.V.
Carlson Rezidor Hotel Group today announced the signing of a new Radisson Blu in Costa Rica. The new-build hotel will offer 100 rooms and is expected to break ground late 2018 with plans to open in December 2020.
Mandarin Oriental Hotel Group has announced that it will manage a new urban resort that is currently under development in Viña del Mar, Chile.
The Central/South America region reported occupancy rose 2.2% in 2017 to 56.5%, while ADR increased just 0.7% to $105.24 and RevPAR rose 2.8% to $59.45.