Hyatt - economic version

After nine years with only one hotel in Brazil -- a five star hotel in Sao Paulo --, the Hyatt Hotel group will start expanding in the country. It plans to invest R$300 million (US$169 million) to open 15 hotels by 2015. Hyatt Place, geared towards the executive market, will have daily rates of approximately R$200 (US$ 113), about one third of the price its current hotel charges.

Grand Hyatt in Sao Paulo: 15 new hotels by 2015

*Article from Exame magazine, April 7th, 2010 print edition