Hyatt Announces Plans for Thompson Monterrey, Mexico

Main Photo: The Thompson Monterrey – envisaged

Date: September 2020

Location: San Pedro Garza García, Monterrey, Nuevo Leon, Mexico

Name: Thompson Monterrey – opening 2022

No of Keys: 150

Seller: The hotel will be part of Torre IKON, a new-build mixed-use complex with approximately 215,000 square feet (20,000 square meters) of office space.

Buyer: Hyatt Hotels Corporation has announced plans for Thompson Monterrey, the first Thompson hotel in Mexico’s state of Nuevo León. The 150-room lifestyle hotel is expected to open in 2022 and will mark the fourth Thompson-branded property in Mexico.

“Thompson Monterrey comes at a time of significant growth for the Thompson Hotels brand and will represent the brand’s entry into a key new market,” said Alfredo Reynoso, director of development, Mexico, Hyatt. “The Thompson brand aligns very well with Monterrey’s position as a business and entertainment destination, and we look forward to introducing a new lifestyle offering that will provide experiences that celebrate its destination in a sophisticated way for guests and locals alike.”

Developed by Visa Desarrollos and Grow2, Thompson Monterrey will be located in the San Pedro Garza García, a contemporary financial and commercial area of Monterrey in the state of Nuevo León. Located near headquarters for many national and multinational companies and university campuses, the hotel will be part of Torre IKON, a new-build mixed-use complex with approximately 215,000 square feet (20,000 square meters) of office space. Thompson Monterrey will occupy a portion of the 31-floor tower designed by Duda Paine Architects, which is set to be one of the most iconic high-rise buildings in the San Pedro Garza García.

When guests arrive, they will experience elements of Monterrey’s culture in the hotel’s sought-after hub – its rooftop bar – which will reflect the guests’ authentically stylish and dynamic lifestyles with a buzzing social scene and thought-provoking arts and entertainment.

Situated in the main district of the San Pedro Garza García, guests will be stimulated by Monterrey’s vibrant neighbourhoods and easily access multiple dining, shopping and entertainment options within walking distance of the hotel. With its close proximity to Monterrey International Airport (MTY), Thompson Monterrey will serve as a destination for both domestic and international travellers.

“We are thrilled to announce the development of the first Thompson hotel in Monterrey, marking a significant milestone for us and Hyatt,” said Luis Carlos Villarreal, president, Visa Desarrollos, S.A.P.I. de C.V. “Thompson Monterrey will offer a modern, luxury experience tailored to the destination, enhancing each guest’s personal travel journey by bridging connections to the local community through in-the-know moments and collaborations.”

Thompson Monterrey will join the three Thompson Hotels properties in Mexico, including The Cape, Thompson Playa del Carmen, and Thompson Zihuatanejo. Additionally, Thompson Monterrey is the latest example of growth for the Thompson Hotels brand, joining recently announced projects, including Thompson Dallas (expected to open in Fall 2020), Thompson San Antonio (expected to open in early 2021), Thompson Austin (expected to open in 2021), Thompson Buckhead (expected to open in 2021), Thompson Savannah (expected to open in 2021), and Thompson Houston (expected to open in 2023).

Founded in 2001, Thompson Hotels is a boutique lifestyle hospitality brand, acquired by Hyatt in 2018. The Thompson portfolio includes The Beekman and Gild Hall in New York City; Thompson Nashville; Thompson Seattle; Thompson Chicago; The Cape in Los Cabos, Mexico; Thompson Playa del Carmen in Riviera Maya, Mexico; Thompson Zihuatanejo on Mexico’s Pacific Coast; and its newest property, Thompson Washington D.C. in the Navy Yard neighbourhood.

THPT Comment: Hyatt have done well with their acquisition of Two Roads Hospitality back in 2018.

First Seen: Hyatt press release

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

For more information – Visit www.thpt.co.uk or email info@thpt.co.uk.