The hotels will be the second and third Hyatt-branded hotels to open in Panama City, joining Hyatt Place Panama City, which is expected to open later this year. "Hyatt House Panama City Costa del Este will be the first Hyatt House project in Latin America and we believe that there is significant potential to grow this extended stay brand throughout the region," said Pat McCudden, Senior Vice President, Real Estate And Development – Latin America and Caribbean for Hyatt. "We also believe that the Hyatt Place brand will serve the increasing demand that is generated by the commercial growth occurring in Costa del Este, Panama City's premier location for new office and commercial development. Following the successful collaboration with the Malca family on Hyatt Place Panama City, we are delighted to be working with them on the second project in Panama.