HYATT HOTELS START INVESTMENT IN CAP CANA
Hyatt announces the construction of 750 hotel rooms in Juanillo Beach, Cap Cana, an idyllic destination in the Caribbean, in the East of Dominican Republic, next to Punta Cana International Airport.
Playa Hotels & Resorts, owner and operator of all-inclusive resorts (including Hyatt’s Ziva and Zilara brands), will launch a new brand and be presented to the public next year.
Playa reached an agreement to operate resorts under an established lifestyle consumer brand. It will be the only publicly traded resort company, Wardinski said. The company maintains the name of Playa.
About $ 200 million will be used to launch the new brand, while the rest will go to renovate existing complexes as well as further expansion, including the construction of a 750-room Hyatt Ziva-Hyatt Zilara complex in Cap Cana, which forms part of the Dominican Republic Punta Cana tourist area. Currently, Playa owns and operates 13 resorts totaling nearly 6,200 rooms in the Dominican Republic, Jamaica and Mexico.
Founded in 2006, Playa had owned and operated resorts under the Barcelo brand and AMResorts’ secrets and dreams brands until 2013, when it reached an agreement with Hyatt to rewrite six resorts under the new Ziva and Zilara brands.
“There are amazing opportunities in the all-inclusive segment,” said Wardinski, who will continue to oversee the company with its leadership team.