CHICAGO (May 20, 2019) Hyatt Hotels Corporation (NYSE:H) announced today that a Hyatt affiliate has entered into a franchise and related agreements with Realtejo – Hotelaria e Turismo, S.A., owned subsidiary of United Investments Portugal and Fibeira, to develop the first Hyatt branded hotel in Portugal: Hyatt Regency Lisbon. Expected to open in late 2020, the hotel will feature 200  hotel rooms and apartments and will be located between Rua Guerra Junqueiro and Avenida da Índia, a stunning waterfront location facing Tejo River.

The foray into Lisbon, Portugal’s coastal capital city, is an important milestone for Hyatt, signifying its growing brand presence in increasingly competitive markets across the continent. The number of tourists visiting Portugal has increased for eight consecutive years, with 12.8 million travelers visiting in 2018 alone.