Hyatt opens a property in Panama
The chain has signed a franchise agreement with Shebandowan Holdings to open the Hotel La Compañía in 2021. The 88-room property will become the first of The Unbound Collection by Hyatt in the Central American country
Originally a Jesuit monastery built in 1688, Hotel La Compañía will consist of four buildings that surround an inner courtyard. The patio represents one of the largest plots of open land in the Casco Viejo neighborhood. Located in the heart of this emblematic UNESCO World Heritage Site, Hotel La Compañía will offer independent-minded travelers seeking an immersive and authentic local experience, as it is just a few steps from some of the sites culturally most important in Panama City and the main tourist attractions, including The Metropolitan Cathedral (the largest Catholic church in Panama City), The Palace of the Garzas (the office and residence of the President of Panama), the National Theater of Panama and Plaza Bolívar.
“The Unbound Collection by Hyatt brand represents a distinct collection of independent hotels that inspire the freedom to be extraordinary. Promising exceptional quality and Hyatt-backed service, we are pleased to see that this unique experience at Hotel La Compañía comes alive, ”said Camilo Bolaños, vice president of development and real estate for Latin America and the Caribbean at Hyatt. "A culturally rich and diverse destination with an extraordinarily eclectic charm, the Casco Viejo neighborhood of Panama City represents the ideal destination to present a property within The Unbound Collection by Hyatt in Central America."
Occupying second place behind the Panama Canal as the country's most popular attraction, Casco Viejo is currently in a restoration project to preserve and improve the historic neighborhood. The Unbound Collection by Hyatt brand consists of 21 unique hotels and resorts for guests looking for something different without sacrificing quality. With construction in progress at the boutique property, Hotel La Compañía will join the now open Hyatt Place Panama City / Downtown in Panama.
Currently, The Unbound Collection by Hyatt includes more than 20 unique hotels located in key destinations around the world - each with its own distinctive history. From historical monuments to tropical resorts and new constructions, the properties within The Unbound Collecion by Hyatt brand are designed to captivate travelers seeking premium and luxury experiences while backed by the high service Hyatt is known for and is connected by the World of Hyatt loyalty program.