Hyatt Forms $270M JV To Develop Brazilian Hotels

Law360, New York (June 19, 2013, 3:17 PM EDT) -- Continuing its push into Latin America, Hyatt Hotels Corp. has struck a $270 million partnership with FSA Group SA to develop up to nine hotels in Brazil that the hospitality giant plans on managing, Hyatt announced Tuesday.

Each of the hotels will hold 150 to 200 rooms and be branded under the select service Hyatt Place flag and the companies expect the first to come online in 2016, according to a statement.

“Throughout Latin America, the select service segment is significantly underserved. Our U.S. guests have...
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