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Hilton Worldwide Signs Management Agreement for Hilton Hotels & Resorts Development in Santa Marta, Colombia

Hilton Worldwide today announced the signing of a management agreement with Fideicomiso Santa Marta Hotel to operate a new build Hilton Hotels & Resorts property in the Caribbean port city of Santa Marta, Colombia. Scheduled to open in 2017, this new Hilton Santa Marta hotel represents the company’s 14th hotel project in Colombia including its portfolio of seven existing operating hotels and seven currently under development. This latest agreement furthers Hilton Worldwide’s commitment to growth throughout the country.

First Hyatt Place Hotel Opens in Panama

Hyatt Hotels Corporation (NYSE: H) and Immobiliare Real Estate Development Group today announced the opening of Hyatt Place Panama City/Downtown in Panama City, Panama. The hotel’s opening marks the first Hyatt-branded hotel to enter the Panamanian market and the continued expansion of the Hyatt Place brand throughout Latin America.