Hyatt Place Sorocaba and Hyatt Place Macaé are expected to debut in 2017. By 2017, the Hyatt Place brand is expected to have three hotels in southeast Brazil: Hyatt Place São José do Rio Preto, Hyatt Place Sorocaba and Hyatt Place Macaé
CHICAGO (December 17, 2014) – Hyatt Hotels Corporation (NYSE: H) and FSA Group S.A. announced today that joint venture entities formed by Hyatt affiliates and FSA
Group have entered into agreements to purchase two sites in Brazil to develop Hyatt Place Sorocaba and Hyatt Place Macaé. Upon the closing of the site acquisitions, the joint venture entities will enter into agreements with FSA Group to manage the design, planning and construction of the hotels and with Hyatt affiliates to provide management services in connection with the operation of the hotels upon opening, which is expected in the first quarter of 2017.
These two hotels are part of a larger master development agreement between Hyatt affiliates and FSA Group to develop a total of nine Hyatt Place hotels across Brazil. The first hotel as part of this agreement, Hyatt Place São José do Rio Preto, was announced in April 2014 and is expected to open in mid-2016.
Hyatt Place Sorocaba
Located approximately 100 kilometers from the city of Sao Paulo, Sorocaba is one of the region’s most important industrial cities, serving as headquarters for numerous multinational companies across diverse industry sectors. Hyatt Place Sorocaba will be a component of a mixed-use project known as Iguatemi Esplanada owned by Iguatemi Empresa de Shopping Centers S.A. (Iguatemi), one of Brazil’s largest retail developers and the owner of many high-end retail malls throughout Brazil. The Iguatemi Esplanada completed a large expansion of its retail component in November 2013, and plans to add two office towers and a luxury residential component in phases over the next several years. The 176-room Hyatt Place hotel will feature a lobby lounge and restaurant, a fitness center, and approximately 200 square meters of flexible meeting space.
Gulfstream Aerospace’s service center in Sorocaba, Brazil, recently received FAA Part 145 approval. The approval allows Gulfstream Brazil technicians to perform maintenance on the following U.S.-registered Gulfstream models: GV series, including the G550; GIV series, including the G450; G200; G150; G100; and GIII. Approval for the G650 and G280 is expected later this year.
“Many of our U.S.-based customers travel to Brazil to conduct business,” said Gulfstream Product Support president Mark Burns. “We are pleased to add to our service capabilities to meet their needs.”
In the third quarter of last year, Gulfstream Brazil employees moved into a nearly 38,000-sq-ft facility at Bertram Luiz Leupolz Airport about 56 miles from downtown São Paulo. The facility includes a 34,768-sq-ft hangar and a parts warehouse with more than $8 million in inventory.
Source: AIN Online