from the press room:
"HYATT AND HOTELERA PLAYA SOMBRERO S.A. ANNOUNCE SIGNING OF
AGREEMENT FOR ANDAZ PAPAGAYO IN COSTA RICA
CHICAGO (January 25, 2010) – Hyatt Hotels Corporation (NYSE: H) and Hotelera Playa Sombrero S.A., a Costa Rican development company, announced today that a Hyatt subsidiary and Hotelera Playa Sombrero have signed a management agreement for the 150-room Andaz Papagayo. Slated to open in 2013, the new Andaz hotel will be located in the exclusive community of Península Papagayo, Costa Rica’s acclaimed, premier five-star residential resort destination. This 2,223-acre master planned development is located on a jagged pair of peninsulas that slip majestically into the warm waters of the Gulf of Papagayo along the spectacular Pacific coast in the northwest province of Guanacaste. The expanse and diversity of this unspoiled land is astonishing with 15 miles of coastline, 14 miles of bluff edges, and 31 separate beaches of white, coral, and black sands. This project will represent the first resort location for Hyatt’s new Andaz brand and represents its initial foray into Latin America."
Link to full release