By Nick Gilbert
Hyatt Hotels has plans to open a brand new Hyatt hotel in Bogota, Colombia as a part of the Ciudad Empresarial mixed use project, which is the most prominent corporate real estate project in Colombia’s history with approximately 925,000 sq. ft. space to house 18 office towers and more than 226,000 sq. ft. allocated for retail use.
An affiliate of Hyatt has struck a management contract with Bienes y Comercio, S.A. for the Grand Hyatt hotel in Bogota, which would be owned and built by Organización Luis Carlos Sarmiento Angulo in Ciudad Salitre region near the El Dorado International Airport. The Grand Hyatt is designed by the renowned Goettsch Partners architects to have 297 guestrooms comprising 53 suites. The hotel costing about USD 130 million is financed by Bienes y Comercio, S.A.
Pat McCudden, the Senior Vice President of real estate and development for Hyatt Hotels & Resorts in the Caribbean and Latin America, stated that being a part of a top commercial project such as the Ciudad Empresarial Sarmiento Angulo, is a great way to make an entry into Colombia. McCudden added that Grand Hyatt Bogota will be Hyatt’s flagship hotel in the country.
The Grand Hyatt Bogota with guestrooms and suites ranging in size from 473 sq. ft. to 1,051 sq. ft., a hotel with two restaurants, a patisserie and a lobby lounge, a meeting and event space with a 10,800 sq. ft. ballroom, and amenities such as an indoor pool, a fitness center, and a spa, will open in the first quarter of 2015.