CHICAGO—Hyatt Hotels Corporation says a Hyattaffiliate has entered into a master development agreement withLATAM Hotel Corp. to develop ten HyattPlace hotels in Central America and Mexico.

Additionally, Hyatt affiliates have entered into franchiseagreements with LATAM Hotel Corp. for the first five hotels: HyattPlace Managua in Nicaragua, Hyatt Place Guatemala City inGuatemala, Hyatt Place San Salvador in El Salvador, and Hyatt PlaceSan Pedro Sula and Hyatt Place Tegucigalpa in Honduras.

“We are delighted to be working with LATAM Hotel Corp. as wecontinue increasing the representation of the Hyatt Place brandthroughout Latin America,” said Pat McCudden,senior vice president, real estate and development – Latin Americaand Caribbean for Hyatt Hotels & Resorts. “We believe CentralAmerica has strong economic growth potential, and we are excited tosee these five hotels become the first Hyatt-branded hotels intheir respective countries.”