Chicago, Illinois-based, Hyatt Hotels Corporation (H) recently announced that one of its affiliates has completed the earlier announced acquisition of Hotel Nikko Mexico for approximately $190 million. The 756-room hotel was previously owned by Japan-Mexico Hotel Investment Co. Post acquisition, The Hotel Nikko Mexico has been re-branded as Hyatt Regency Mexico City. Moreover, a Hyatt affiliate will invest around $40 million by 2015 for the renovation of Hyatt Regency Mexico City to strengthen its position in the most preferred area of Mexico City, Polanco. With the affluence of the middle class in Latin America, inclination to spend on travel and leisure has somewhat risen. Apart from tourism, the region is also successfully emerging as a business hub. All these factors testify to Hyatt’s motive to have one of the largest
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