A Hyatt affiliate has entered into a management services agreement with 5 Star Empreendimentos Imobiliários for a Park Hyatt hotel in Foz do Iguaçu, Brazil.

Park Hyatt Foz do Iguaçu will be located on a 98-acre parcel of land on the riverbank of the Iguaçu River, Paraná in south-west Brazil.

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The development will also include 30 Park Hyatt-branded two and three-bedroom homes, residential sites for single-family homes and a 25-acre protected nature reserve.

Park Hyatt Foz do Iguaçu will offer the brand’s signature personalised services with 170 luxury rooms and suites, four restaurants and bars, a spa, a fitness centre, an outdoor pool, and more than 16,146ft² of meeting and event space.

"In recent years, Hyatt has made a concerted effort to expand its brand presence in Brazil."

Hyatt Latin America and Caribbean real estate and development senior vice president Pat McCudden said: "In recent years, Hyatt has made a concerted effort to expand its brand presence in Brazil, and we couldn’t be more pleased to introduce the Park Hyatt brand in this world-class destination."

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"The development of the Park Hyatt Foz do Iguaçu is a significant step in our efforts to enhance guest loyalty by expanding the presence of Hyatt-branded hotels around the world to destinations where our guests are travelling," McCudden added.

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Recently, the Park Hyatt brand debuted its global flagship hotel, Park Hyatt New York, in Manhattan at 153 West 57th Street between Sixth and Seventh Avenues, which is within walking distance to Central Park and across the street from Carnegie Hall.

As of 30 June 2014, the company’s executed contract base consisted of approximately 240 hotels.