Hyatt is opening its third hotel in Panama next year with the debut of the first-ever Hyatt Regency in the country. 

The new Hyatt Regency Panama, owned by Hotel Properties of Panama, is slated to begin welcoming guests in the summer of 2024. 

The hotel will be in the heart of Panama City’s business district near the Multiplaza shopping mall. 

The 382-room hotel will be set across a pair of towers, with amenities including a gym, a pool, several eateries and around 20,000 square feet of meeting space. 

“We’ve seen strong demand in travel to Central America, especially as guests, World of Hyatt members and customers seek both relaxing leisure vacations and exciting new options for meetings, events and corporate travel,” said Camilo Bolaños, senior vice president of development for Latin America and the Caribbean at Hyatt. “The Hyatt Regency brand was built with guests’ needs in mind, considering every detail and design element, and Hyatt Regency Panama City will give travelers the opportunity to explore an urban destination with deep historic roots while giving them the resources and exceptional service needed to have a seamless, intuitive stay experience.”

The hotel will be part of the World of Hyatt loyalty program. 

“We are thrilled to collaborate with Hyatt to debut the Hyatt Regency brand in the heart of Panama City,” said Simon Hafeitz, president and director of Hotel Properties of Panama Inc. “Following a multi-million-dollar renovation, Hyatt Regency Panama City will deliver an unrivaled experience tailored to the needs of both business and leisure travelers with multifunctional rooms, notable food and beverage experiences, thoughtful amenities and a sophisticated design.”