Hyatt Announces Plans for a Grand Hyatt Hotel in Bogota
Grand Hyatt Bogota to be part of monumental Ciudad Empresarial Sarmiento Angulo mixed use project
297-Room Grand Hyatt Bogota is the 13th Hyatt-branded hotel under development in Latin America
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Bienes y Comercio, S.A. for a Grand Hyatt hotel in Bogota, Colombia. Owned and constructed by Organizaci?n Luis Carlos Sarmiento Angulo, the hotel will be an integral part of the Ciudad Empresarial mixed use project, which occupies a prime location in the area of Ciudad Salitre, close to Bogota’s El Dorado International Airport.
The mixed used project occupies approximately 925,000 sq ft (86,000 sq m) and is planned to have 18 office towers with an aggregate of over 6.5 million sq ft (600,000 sq m) of leasable area and more than 226,000 sq ft (21,000 sq m) of retail space that will include high end shops, a cinema, food and beverage outlets, and meeting and conference space.
“We are delighted that Grand Hyatt will be part of Ciudad Empresarial Sarmiento Angulo, which will be one of Bogota’s premier commercial projects,” said Pat McCudden, senior vice president, real estate and development for Hyatt Hotels & Resorts in Latin America and the Caribbean. “Grand Hyatt Bogota is set to be the first Hyatt-branded hotel in Bogota and will serve as our flagship hotel in the country. We look forward to announcing more Hyatt-branded properties in Colombia in the future.”
With an investment by Bienes y Comercio, S.A. of approximately USD 130 million, Grand Hyatt Bogota will offer 297 guestrooms, including 53 suites, and is being designed by the highly regarded Chicago-based Goettsch Partners architects, who have designed numerous other Hyatt-branded hotels, including Grand Hyatt Mumbai, Park Hyatt Guangzhou and several other Hyatt-branded hotels in China. Grand Hyatt Bogota’s guestrooms and suites will range in size from 473 sq ft (44.0 sq m) to 1,051 sq ft (97.7 sq m). Expected to open in early 2015, the hotel will feature two restaurants, a lobby lounge, a patisserie, and more than 24,000 sq ft (2,270 sq m) of meeting and event space, including a 10,800 sq ft (1,000 sq m) ballroom. Additional hotel amenities include a fitness center, an indoor pool, and a spa.
Located along Calle 26 (Avenida El Dorado), the hotel will be a short distance from Sim?n Bol?var Park, National University, the La Gran Estacion luxury retail mall, and numerous companies and government ministries, including the Chamber of Commerce, the Federal Reserve, and the U.S. Embassy.
Ciudad Empresarial, developed by Organizacion Luis Carlos Sarmiento Angulo, through its construction subsidiary Construcciones Planificadas, is the most important corporate real estate project in the history of Colombia. It will house 18 buildings once it is completed and of which four are already open and operating, housing key Colombian corporations. With a Grand Hyatt hotel, Ciudad Empresarial will complement its corporate structure and enrich Bogota?s growing skyline, giving travelers an exclusive option in one of Latin America?s most dynamic cities.