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December 21, 2012

Hyatt plans Hyatt Place Taghazout, Morocco

Hyatt Hotels Corp. has announced that a Hyatt affiliate has entered into a management agreement with Societe d'Aménagement et de Promotion de la Station de Taghazout (SAPST) for a 150-room Hyatt Place hotel in Taghazout, Morocco. The hotel will be developed and owned by SAPST. Hyatt Place Taghazout is the second Hyatt-branded hotel under development in Morocco, joining the previously announced Park Hyatt Marrakech, which is expected to open in 2013. There is currently one Hyatt-branded hotel in Morocco, the Hyatt Regency Casablanca. Located on Morocco's Atlantic coast, Hyatt Place Taghazout is expected to open in 2014.

The hotel will be part of a master planned development, Taghazout Bay. Construction on the first phase of development has commenced and is comprised of Hyatt Place Taghazout, a Moroccan spa, a retail center, an 18-hole golf course, a golf club house, and a surf camp, all of which are expected to open in late 2014.

The 150-room Hyatt Place Taghazout will be located adjacent to the city of Agadir, on Morocco's Atlantic Coast.

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