The planned expansion of the line in the Latin America and Caribbean region will see Hyatt Regency Panama City opening in summer 2024 following an extensive renovation to an existing property.
Business district location
This will be the first Hyatt Regency hotel in Panama City and the third Hyatt hotel in Panama.
Situated for business and leisure travellers, the hotel will be in the heart of Panama City’s business district, less than 10 miles from Tocumen International Airport, near the Multiplaza shopping mall and the new Amador Convention Center.
Hyatt Regency Panama City will offer 382 guestrooms and suites spread across two towers, as well as a pool, state-of-the-art gym, a variety of restaurants including a wine bar and coffee shop.
Around 20,000 sq ft of meeting and event space including two ballrooms, an outdoor terrace for events and a Hyatt Regency Broadcast Lounge, allowing guests the option to attend a live conference in a hybrid manner.
Camilo Bolanos, senior vice president development, Latin America and the Caribbean at Hyatt, said: “We’ve seen strong demand in travel to Central America, especially as guests, World of Hyatt members and customers seek both relaxing leisure vacations and exciting new options for meetings, events and corporate travel.
“The Hyatt Regency brand was built with guests’ needs in mind, considering every detail and design element, and Hyatt Regency Panama City will give travellers the opportunity to explore an urban destination with deep historic roots while giving them the resources and exceptional service needed to have a seamless, intuitive stay experience.”
Simon Hafeitz, president and director of Hotel Properties of Panama, added: “We are thrilled to collaborate with Hyatt to debut the Hyatt Regency brand in the heart of Panama City.
“Following a multi-million-dollar renovation, Hyatt Regency Panama City will deliver an unrivalled experience tailored to the needs of both business and leisure travellers with multifunctional rooms, notable food and beverage experiences, thoughtful amenities and a sophisticated design.”
Central American prospects
The Hyatt group has several other projects underway in Central America as part of its sustained brand growth strategy in the region.
These include Unscripted Belize in Kanantik on the country’s central eastern coast, delivering 24 beachfront cabana rooms in 2025; plus two sites in Costa Rica’s capital San José, the 161-key Hyatt Centric Escazu San Jose arriving in Q3 2024 and the 120-key Hyatt Place San Jose Cariari, due to complete in Q4 2024.