Hyatt reportedly has purchased the Japanese-owned Hotel Nikko in Mexico City’s Polanco neighborhood. Price is said to have been $230 million, which comes to $300,000 per room. At the moment, this is all rumor, yet to be confirmed. Nikko is known to have been hard hit by economic problems in Japan. Hyatt, once a major player in Mexico, is said to be interested in getting back into the game again.
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Jimm Budd
Reporting From Mexico City
Member of the Society of American Travel Writers
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