The Hyatt Hotel has long held a reputation of excellence for travelers around the world. Now, a new Hyatt Regency will be coming to Mexico City, and will be the fourth of its kind for the country. Hyatt will purchase the hotel – which is currently Hotel Nikko Mexico  – from Japan-Mexico Hotel Investment Co. for nearly $190 million.
With an upcoming $40 million renovation over the next three years, the hotel chain says that it hopes to reinforce the hotel as the preferred business and leisure hotel in Mexico City.
“Our strategic investment in this hotel, which has a highly visible presence in Mexico City, will increase awareness of Hyatt in Latin America and will support our long-term goal of becoming the most preferred hospitality company in every segment we serve,” said Steve Haggerty, Hyatt’s global head of real estate and development.
Hotel Nikko Mexico City is one of over thirty existing or planned Nikko Hotels  across the world, and is currently the only one in Mexico. The luxury establishment holds 756 rooms, and will move to 734 rooms after Hyatt’s rebrand turns several existing rooms into suites.
Upon completion, the new Hyatt Mexico  will offer amenities such as two signature Japanese restaurants, a three-meal restaurant and lobby bar, business center, fitness center, tennis courts and pool. With its new Hyatt Regency coming to the city, investors and citizens alike hope that this will bring an appreciated boost to Mexico City, as well as a draw to tourists around the world!