Hyatt Hotels Corporation announced it has signed a management and licensing agreement for Hyatt Regency Cap Cana Hotel, Villas and Residences. The 201-room hotel will be located in the Cap Cana residential and tourism complex in Punta Cana. It will feature 46 Hyatt Regency-branded residences and 12 villas. Cobbo Bay Developers SA will develop the project. A Hyatt affiliate will be a minority equity investor in an affiliate of Cobbo Bay Developers, the entity that will develop and own the hotel, villas and residences.
A Hyatt press release indicates that the hotel is scheduled to open in early 2014.
“The development of Hyatt Regency Cap Cana represents an outstanding opportunity to further Hyatt’s expansion in the Caribbean and in the rapidly growing Dominican Republic, which welcomed over four million visitors in 2010,” said Pat McCudden, senior vice president, real estate and development – Latin America, Caribbean, and Mexico for Hyatt Hotels & Resorts. “Having a presence in Punta Cana will further Hyatt’s goal of becoming the most preferred brand in all the segments we serve by adding a hotel in this key resort destination where Hyatt is not currently represented.”
“We are thrilled to be involved in the introduction of the Hyatt Regency brand to the Dominican Republic,” said Jesus Barderas, President of Cobbo Bay Developers SA. “This introduction is a testament to the brand’s global appeal, and Hyatt’s well-established reputation as a preferred management company.”
Hyatt says that the property developer is Leading Property Group (LPG), a development company with a vast track record in the region. LPG is lead by Benny Guevara, a seasoned hotelier who has maintained ties to the DR since the early 1980s.
The hotel will feature of variety of amenities including several restaurants, a pool, a spa with eight treatment rooms, a fitness center, and Camp Hyatt, a resort program created especially for children. Additionally, the property will feature more than 10,000 square feet of meeting and function space. The hotel will be located approximately 10 minutes by car from Punta Cana International Airport.