Hyatt Hotels Corporation (H) recently announced that a Hyatt affiliate entered into a management agreement with an affiliate of Island Hospitality Partners, LLC to unveil Hyatt Place Bayamón and El Tropical Casino. This is a part of the hotelier’s Caribbean expansion plan. After a nine-year hiatus, this property will mark the come back of Hyatt-branded hotels in Puerto Rico upon its opening in 2014. The new property will feature 156 luxurious guest rooms along with various other amenities. Located near San Juan and in proximity to the city’s largest shopping mall, the property remains a strategic fit. Puerto Rico has been playing a major role in the hoteliers’ Caribbean expansion. The location enjoys an edge over any other Caribbean island as it offers strong connectivity to other places and stresses
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