Hyatt is continuing its expansion in the wider Caribbean Basin with one of its fastest-growing brands: Hyatt Place.

The company has opened a Hyatt Place in Managua, Nicaragua, the first Hyatt-branded hotel in the capital.

The hotel is owned by LATAM Corp and operated by GHL.

“We are delighted to open Hyatt Place Managua through our relationship with Hyatt. It is the second Hyatt Place hotel we are opening in Central America and we believe it will be a key player among Managua’s hospitality offerings,” said Fernando Paiz, president of LATAM Hotel Corp. “The hotel’s walkway connecting it to the Galerias Santo Domingo shopping center is an important feature for guests, in addition to the brand’s 24/7 services and modern amenities, creating a perfect stay in the city.”

The Hyatt Place Managua is the second of five planned Hyatt Place hotels set to be opened by LATAM in the next three years.

The first one, Hyatt Place Tegucigalpa, opened in Honduras last September.

“As the Hyatt portfolio of brands continues to enter new markets throughout the world, we are delighted that the opening of Hyatt Place Managua marks the first Hyatt-branded hotel in Nicaragua,” said Steven Dominguez, vice president of global brands for Hyatt Place and Hyatt House. “With our smartly designed social spaces and guestrooms with separate work and sleep areas, our multitasking guests can easily accomplish what they need to do while on the road.”