Hyatt Hotels has started construction on its fourth select service hotel in the Puerto Rico Convention District in San Juan.
The latest development follows the recent opening of the company’s 126-room Hyatt House San Juan on 1 October.
To be developed by a joint venture between affiliates of Hyatt, PRISA Group and McConnell Valdés Consulting, the new $29.7m Hyatt Place San Juan is expected to be commissioned during the first quarter of 2016.
Hyatt Latin America and Caribbean real estate and development senior vice-president Pat McCudden said: We have always believed in the leisure and business potential of the island, and we see Puerto Rico as a key component of our growth strategy in the Americas.
"Our relationship with the PRISA Group in Puerto Rico runs decades long and it is wonderful to celebrate the fantastic 11-month period, having three Hyatt-branded hotels open on the island as well as this fourth hotel announcement."
During the past eleven months, Hyatt has opened three select service hotels in Puerto Rico, built with an overall investment of $115m.
The 156-room Hyatt Place San Juan / Bayamon opened in last December, followed by the 106-room Hyatt Place Manatí this March and the 126-room Hyatt House San Juan in October.
PRISA Group president Federico Stubbe, Jr. said: "Puerto Rico has and continues to be an important destination for travelers, posting consistent gains in visitor arrivals, rates and occupancy over the past several years."
Image: Artistic impression of Hyatt Place San Juan. Photo: courtesy of Business Wire.