Hyatt and Parks Hospitality Holdings Collaborate on Thoughtful Growth in Mexico with New Hotels Slated to Open in 2024 and Beyond

CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation (NYSE: H) and Parks Hospitality Holdings (“PHH”) have announced a highly anticipated collaboration to expand Hyatt’s brand footprint in Mexico with the development of four new properties across key destinations in Mexico, including Mexico City, Los Cabos, and Cancun. The new properties are expected to open starting 2024 and will include two Grand Hyatt hotels, a new select-service offering near the Cancun International Airport, and the debut of