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Elandis completes first of multiple Hyatt Place Hotels in Brazil

MIAMI - October 30, 2016

Elandis, an international real estate group that develops, owns, and manages real estate assets throughout the Americas and in Europe, announces its on-schedule and on-budget completion of a newly built Hyatt Place hotel in São José do Rio Preto, Brazil, which was developed by a joint venture entity formed by Elandis and an affiliate of Hyatt in 2014. This is the first of multiple Hyatt Place hotels expected to be developed as part of the master development plan between Hyatt and Elandis.

 

The vibrant city of São José do Rio Preto is a hub for the financial, medical and educational industries, which attracts a population that travels from various parts of the region as well as other areas of Brazil. Hyatt Place São José do Rio Preto will be located in a mixed use project that also houses one of Brazil’s iconic luxury shopping malls known as Iguatemi Shopping Center.

 

The 10-story property and 152-guest room hotel will meet the needs of today’s business and leisure travelers, and will feature nearly 4,000 square feet of flexible meeting space, a lobby lounge, a restaurant, and a business center. The hotel will also offer a fitness center with a pool and a deck area on the top floor.

 

“The opening of Hyatt Place São José do Rio Preto will mark the entry of the Hyatt Place brand in Brazil,” said Luciano Julio, regional director of Latin American operations for Hyatt Place and Hyatt House. “With an innovative service concept and modern design, combined with its impressive worldwide growth over the last several years, we believe the Hyatt Place brand will exceed guest expectations by providing stylish, comfortable, and seamless experiences that accommodate their lifestyles and familiar routines.”

 

“We are thrilled to be opening the first Hyatt Place property under this joint venture with Hyatt and to have the opportunity to be an integral component of the Iguatemi Shopping Center,” said Alexandros Kallantzis, Elandis Country Head, Brazil. “We look forward to the hotel driving further growth into this vital community. With all of its contemporary offerings, the hotel is truly positioned to fulfill the demand of both business and leisure travelers visiting São José do Rio Preto.”

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