The Hyatt Regency brand is coming to the Coco Beach tourism development in Puerto Rico.
The former Melia Coco Beach is expected to open in July 2019 as a Hyatt affiliated hotel and will then become Hyatt Regency Coco Beach Resort after a comprehensive renovation later this year.
The 486-room hotel will feature 93 branded residencies and joins four select-service Hyatt hotels currently open in Puerto Rico.
The hotel will be located on a 1,000-acre peninsula set within the private Coco Beach development.
Amenities planned include 37,000 square feet of meeting and event space, locally inspiured dining venues and a club lounge.
"The expansive redevelopment of this premiere beachfront property is a testament to the confidence among owners and developers in the destination of Puerto Rico and the Hyatt brand," said Camilo Bolaños, VP of development and real estate for Latin America and Caribbean at Hyatt.
In total, six hotels are planned for the Coco Beach development, with three opening by 2022.
That adds up to 2,500 rooms, an expected 1,500 new jobs and a total investment of about $1.5 billion.
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