Tag Archives: Chile

Business, Finance, Occupation & Industry

Foster Wheeler Awarded SNG Studies by Pecket Energy in Chile

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Foster Wheeler Awarded SNG Studies by Pecket Energy in Chile

ZUG, Switzerland–(BUSINESS WIRE)– Foster Wheeler AG (NAS: FWLT) announced today that a subsidiary of our Global Engineering and Construction Group has been awarded a contract by Pecket Energy to perform feasibility, conceptual and basic engineering studies, and develop an overall investment cost estimate for a substitute natural gas (SNG) production facility which is planned to be built near Punta Arenas, Chile.

The value of the award was not disclosed and will be included in Foster Wheeler‘s first-quarter 2013 bookings.

The main objective of the project is to produce syngas that will be used as a clean feedstock for the production of SNG, which gas is intended to be distributed to the existing grid in the region of Magallanes, Chile for domestic consumption or for industrial purposes.

The new facility intends to include several state-of-the-art units, including air separation, partial oxidation for syngas production, syngas treatment, acid gas removal, methanation and solid sulfur production. Foster Wheeler‘s scope of work is expected to be completed by mid-2013.

Pecket Energy is a Chilean company focused on coal-based energy business development. Pecket Energy belongs to ICV, a Chilean company which has been active in mining and infrastructure developments in Chile for more than 50 years.

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.


Safe Harbor Statement

Foster Wheeler AG news releases may contain forward-looking …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Kinder Morgan Energy Partners to Make Significant Investment in Chemical Industry

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Kinder Morgan Energy Partners to Make Significant Investment in Chemical Industry

HOUSTON–(BUSINESS WIRE)– Kinder Morgan Energy Partners, L.P. (NYS: KMP) today announced that KMP will invest approximately $58 million to expand its chemical storage capacity. KMP has entered into a long-term contract with Methanex Corporation (NAS: MEOH) to support the construction of methanol storage capacity near Kinder Morgan‘s Geismar Liquids Terminal (GLT) in Geismar, La. Kinder Morgan will build, own and operate the storage tanks and related infrastructure, including improvements to its existing dock at GLT. The assets will provide critical marine, rail and truck access in support of a 1 million tonne per year methanol production plant being relocated by Methanex from Chile, South America. The terminal infrastructure is expected to be in service during the second half of 2014, coinciding with the anticipated startup of the relocated plant.

KMP has also acquired Quality Carriers, Inc.’s 26-acre terminal located in Chester, S.C. The 19-tank facility currently provides storage for a single customer of 35,000 barrels and receives product by rail and distributes by truck.

“The abundance of attractively priced domestic natural gas has led to a resurgence in the chemical and manufacturing industries,” said John Schlosser, president of Kinder Morgan Terminals. “We are very pleased to be able to leverage our existing footprint in Geismar in support of Methanex’s significant capital project, and look forward to continuing to provide logistical and infrastructure solutions for Methanex and others as the renewed industrial development continues along the Gulf Coast and elsewhere. We are also pleased to be entering the public liquid terminal market in the greater Charlotte area and look forward to growing that business with new chemical customers.”

Kinder Morgan Energy Partners, L.P. (NYS: KMP) is a leading pipeline transportation and energy storage company and one of the largest publicly traded pipeline limited partnerships in America. It owns an interest in or operates approximately 44,000 miles of pipelines and 180 terminals. The general partner of KMP is owned by Kinder Morgan, Inc. (NYS: KMI) . Kinder Morgan is the largest midstream and the third largest energy company in North America with a combined enterprise value of approximately $100 billion. It owns an interest in or operates approximately 73,000 miles of pipelines and 180 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals and handle such products as ethanol, coal, petroleum coke and steel. KMI …read more
Source: FULL ARTICLE at DailyFinance

Automobiles

ETC: Four seniors to drive around world in pair of Suzuki Jimny SUVs for charity

Leave a comment

By Zach Bowman

The Ultimate Challenge Suzuki Jimny

Filed under:

Plenty of us here at Autoblog have designs for epic drives. Whether it’s bouncing around the country in an old International or heading from Alaska to Chile on a bike, we like to think we have big aspirations. Or at least we did until we heard about these four gentlemen. You see, Leslie George Carvall, Alan Butler, Glyn Maher and Charles Scott are all in their 70’s, and they plan to pile into a pair of Suzuki Jimny SUVs and drive around the world. Sort of makes a hike across country seem like a trip down the block to the local corner store. They’re calling it “The Ultimate Challenge,” and they plan to undertake the journey for two reasons.

First, they want to prove that age shouldn’t stand in the way of people doing what they want to do. Second, the group hopes to raise funds for the ‘Heaven Can Wait I’m Busy’ group, which aims to direct money toward worthy charities both in the UK and around the world. Save the Children and Oakhaven Hospice are the two currently designated charities.

The trip gets started in just three days, and you can head over to the effort’s site to track their progress. The route should cover some 16,500 road miles and 10,375 sea miles. You can also catch up with the project on Facebook.

Four seniors to drive around world in pair of Suzuki Jimny SUVs for charity originally appeared on Autoblog on Fri, 29 Mar 2013 07:58:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

…read more
Source: FULL ARTICLE at Autoblog

News, Politics, Government

Bachelet announces Chile presidential bid

Leave a comment

Former President Michelle Bachelet says she will run again for Chile‘s top office in November elections as the candidate of the country’s center-left and communist party.

Bachelet returned to Chile on Wednesday after ending a two-year stint heading the U.N. women’s agency in New York.

The former president told cheering supporters in a poor Santiago neighbhorhood that “I have taken the decision to be a candidate.”

Bachelet is widely seen as the center-left opposition’s only hope of winning the Nov. 17 presidential election.

Bachelet, 62, said that inequality is the main problem facing Chile.

Candidates must to be ready to tackle mounting social demands and frequent protests that troubled Bachelet during her 2006-2010 presidency and that have harried center-right President Sebastian Pinera even more.

…read more
Source: FULL ARTICLE at Fox World News

Business, Finance, Occupation & Industry

Casablanca Mining Appoints Lautaro Manriquez, Winner of Chile's 2012 National Mining Award, to Its B

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Casablanca Mining Appoints Lautaro Manriquez, Winner of Chile’s 2012 National Mining Award, to Its Board of Directors

SAN DIEGO–(BUSINESS WIRE)– CASABLANCA MINING (OTCQX: CUAU) announced today that one of Chile‘s top mining executives, Lautaro Manriquez, has been appointed to its Board of Directors. Mr. Manriquez replaces William Farley, who has resigned after being named Chief Executive Officer of another Chilean mining company.

Lautaro Manriquez has been in the mining industry for over 25 years and is an expert at identifying, developing and exploiting mining operations in Chile. He won the 2012 National Mining Award presented by SONAMI, Chile‘s National Mining Society. Formed by the government of Chile in 1883, SONAMI is a trade organization that brings together and represents large, medium and small-scale metallic and non-metallic mining companies.

Click here to read about Lautaro’s award:

http://www.buyins.com/images2/lautaroaward.pdf

Mr. Manriquez has an impressive history in Chile‘s mining industry. With an MBA in Industrial & Systems Engineering, he has over 25 years of experience in mining. He has successfully led several mining companies as CEO, including Compañía Minera El Bronce and Minera Cerro Dominador. In 2012, he received the National Mining Award. He is also a member of the board of manufacturing companies, and has been a speaker at several conferences: “Leadership through turbulent times,” Loyola University, Chicago, USA; “Leading a mining company with a large shareholder group,” Cannes, France; “Cost Strategy in the medium-sized-mining industry,” Santiago, Chile; and “Methodology for developing a corporate strategy in mining companies,” Annual convention of the institute of mining engineers, Marbella, Chile.

“We thank Bill Farley for his service on our board and are honored to have Lautaro Manriquez as an exciting addition to our team,” said Juan Carlos Camus, CEO of Casablanca Mining. “Lautaro’s expertise in bringing mines into production is second to none, and we expect he will play an integral role in bringing all of our mines into production in 2013.”

About Casablanca Mining, Ltd.:

Casablanca Mining (OTCQX: CUAU), through its wholly owned subsidiary Santa Teresa Minerals, S.A., engages in the acquisition, exploration, development, and operation of precious metal properties in South America. Its gold mining operations are based near Santiago, Chile. Santa Teresa Minerals currently has, directly and indirectly through various equity interests, mining rights in exploration projects, “Free Gold,” the “Casuto Project,” consisting of Los Azules …read more
Source: FULL ARTICLE at DailyFinance

News, Politics, Government

Baby, mom hurt in crash that killed grandparents

Leave a comment

Dennis and Judith Schulte had just arrived in Seattle from the Midwest, a move they made to be near their newborn grandson.

They were killed Monday when a suspected drunken driver slammed into them as they crossed a street during a walk with their grandson and his mother. The crash left the other two family members in critical condition Tuesday.

“They were so elated. This is their only grandchild,” said Judith Schulte‘s sister, Susan Morton.

Morton said the retired Indiana couple was walking with their daughter-in-law, Karina Schulte, and her 10-day-old son when they were stuck.

Mark Mullan, 50, was ordered held Tuesday on $2.5 million bail. He is being held on investigation of vehicular homicide and vehicular assault. Prosecutors have until Thursday to formally charge him.

Karina Schulte “had the baby in a sling on the front. He just hit all four of them,” said Morton, of Cottonwood, Minn., in a telephone interview.

A police officer said in court documents that he smelled alcohol on Mullan’s breath and that Mullan showed impairment on sobriety tests. A preliminary test showed a breath alcohol level of 0.22, nearly three times the legal limit of 0.08, the officer said.

His license was suspended at the time of the crash at an intersection in a residential neighborhood, according to the documents. “He does not have a valid license,” said Brad Benfield, a spokesman with the Department of Licensing.

Mullan told police he was unable to see the pedestrians because the sun was in his eyes, according to court documents.

It was unclear Tuesday whether Mullan had legal representation. A message left with an attorney who represented him in a drunken driving case in December was not immediately returned Tuesday.

Mullan didn’t answer reporters’ questions as police led him away from the crash scene in handcuffs Monday. Police said he stopped after the crash and was cooperative. A phone number listed for Mullan was disconnected.

Morton said Karina Schulte, a 33-year-old from Chile, works as a pediatric nurse specialist and is dedicated to her work.

Dennis, 66, and …read more
Source: FULL ARTICLE at Fox US News

News, Politics, Government

Worker trapped deep in Chilean mine after collapse

Leave a comment

Authorities in Chile say rescue workers are trying to free a man trapped 300 meters (984 feet) underground following a collapse in a mine in the same Atacama region where 33 miners were buried for 69 days in 2010.

Regional mining secretary Mario Lopez Cid says the 42-year-old miner survived the collapse in the Victoria mine, 25 miles (40 kilometers) from the city of Vallenar, by taking refuge in a secondary tunnel.

Lopez said Monday on his twitter account that the trapped miner, Mario Torres Lopez, was responding to sound signals made by rescuers.

Firefighters and special police units were trying to clear the rubble in the collapsed man by hand.

In August 2010, between Vallenar and Copiapo, a mine collapse trapped 33 workers and their rescue became news worldwide.

…read more
Source: FULL ARTICLE at Fox World News

Business, Finance, Occupation & Industry

Casablanca Mining Announces It Has Begun Production at Its Los Pinos Hard Rock Gold Mine

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Casablanca Mining Announces It Has Begun Production at Its Los Pinos Hard Rock Gold Mine

SAN DIEGO–(BUSINESS WIRE)– CASABLANCA MINING (OTCQX: CUAU) announced today that it has begun production at its Los Pinos hard rock gold project in Rancagua, Chile. Photos of the production are available by clicking here:

http://www.buyins.com/lospinos/production.zip

The company has completed road improvements, platform terrace, tunnel entrances and has opened 2 separate tunnels (Level 2 and Level 3) that enter the mine. The Level 2 tunnel (see video below) has advanced 200 meters into the mountain, reached the front and is in production. There are mine railways and mine cars inside Level 2 for the transportation of mining materials. The Level 3 tunnel (see photos below) is already 300 meters into the mountain has reached the front. The company will also be mining Level 1 (the surface area around the mine).

Casablanca Mining CEO, Juan Carlos Camus, said, “We are very proud to announce that we have begun production at our Los Pinos gold project. We expect to ramp up quickly.”

Level 2 tunnel video of the Los Pinos mine can be seen by clicking here:

http://youtu.be/3cXiv6EiUyU

Level 3 tunnel photos can be seen by clicking here:

http://www.buyins.com/lospinos/level3photos.zip

Here is a photo montage of progress in 2012:

http://www.buyins.com/lospinos/photos.zip

The mining property includes 300 hectares called, “Los Pinos 1-30″ and 100 hectares called “Teresita 1-20.” The properties are in the Valley of Cachapoal, on the plateau that lies to the West of the village of Coltauco, 700 meters above sea level, a distance of 55 km from the city of Rancagua, approximately 150 km from Santiago.

This mine was mined in the late 1940s until 1949 when, due to a landslide, it was capped and abandoned. In the 1980s it was rediscovered, and is now constituted and current on its claim maintenance requirements.

The mine covers an area of 400 hectares and corresponds to a first vein which shows significant potential for gold. The expectations …read more
Source: FULL ARTICLE at DailyFinance

Articles of Interest

Global Street Art: MOCAtv Series Navigates Unseen Graffiti From The Corners Of The Globe, Starting With Cairo (VIDEO, PHOTOS)

Leave a comment

By The Huffington Post News Editors

Maybe you are familiar with the names of American street art’s key players, from Barry McGee to Swoon, but can you name the equivalent artists revamping the streets of Chile, Egypt or Palestine?

A new series from MOCAtv titled “Global Street Art” will pick up where “Art in the Streets” left off, providing a virtual tour of the world’s most colorful urban canvases — from Chile, Ecuador, Egypt, Indonesia, Japan, Lebanon, Libya and Palestine.

The series begins with an exploration of Cairo’s vibrant graffiti as navigated by obsessive street art archivist Soraya Morayef, the maven behind the blog Suzee In The City. Morayef, who grew up in both Cairo and Alexandria, uses social media, street savviness and what she describes as “internet detective work” to hunt down the Middle East‘s most compelling living walls.

Read More…
More on Video

…read more
Source: FULL ARTICLE at Huffington Post

Business, Finance, Occupation & Industry

Coeur Appoints Joe Phillips to Senior Vice President and Chief Development Officer and William N. Ho

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Coeur Appoints Joe Phillips to Senior Vice President and Chief Development Officer and William N. Holder to Vice President of Health and Safety

COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Coeur d’Alene Mines Corporation (the “Company” or “Coeur”)(NYSE: CDE, TSX: CDM) today announced that Joe Phillips has been appointed to Senior Vice President and Chief Development Officer where he will oversee all of Coeur’s capital projects, including the new La Preciosa Project in Mexico, which is the major asset of Coeur’s pending acquisition of Orko Silver Corp., subject to Orko shareholder approval and other closing conditions. In addition, William N. (Bill) Holder has been appointed Vice President of Health and Safety and will be responsible for designing and implementing the Company’s global safety and health systems and programs and improving health and safety performance Company-wide.

Mr. Phillips brings 40 years of experience in mine development and operations. Most recently, Mr. Phillips served as Senior Vice President of Operations and Development and acting Chief Operating Officer at Silver Standard Resources. Prior to that, Mr. Phillips served as Senior Vice President of Project Development at Pan American Silver where he was a member of the senior leadership team and led the construction and commissioning of four mines over seven years in Mexico, Argentina and Bolivia.

Mr. Phillips is a graduate of the Colorado School of Mines and has completed graduate studies in engineering management at the University of South Florida. He has served as a Director of the Chambers of Mines of Mexico, Chile and Ghana, Africa.

Bill Holder will join Coeur in mid-April as Vice President of Health and Safety after transitioning from his current role as Director of Health, Safety and Security for the potash division of The Mosaic Company, where he implemented ISO 18001 standards, a method of assessing and auditing occupational health and safety management systems. In addition to safety management expertise, Mr. Holder’s background also includes environmental, operations, maintenance and continuous improvement leadership experience.

Mr. Holder holds a Bachelor of Science in business managementwith an emphasis on leadership and human relations from the University of the Southwest in New Mexico.

About Coeur

Coeur d’Alene Mines Corporation is the largest U.S.-based primary silver producer and a growing gold producer. The Company has four precious metals mines in the Americas generating strong production, sales and cash flow in continued robust metals markets. Coeur produces from its wholly owned operations: the Palmarejo silver-gold mine in Mexico, …read more
Source: FULL ARTICLE at DailyFinance

News, Politics, Government

Chile investigate massive prawn death

Leave a comment

Chile is investigating the death of thousands of prawns that have washed ashore, covering a beach in red.

The dead shrimp appeared Wednesday in Coronel, some 330 miles (530 kilometers) south of the capital, Santiago.

Local fishermen accuse thermoelectric plants of heating the ocean waters.

They say the Bocamina 1 and 2 plants owned by Chilean power company Colbun and the Santa Maria plant controlled by regional power generator Endesa endanger their livelihood.

Hundreds of dead crabs also washed up in the same area on shore over the weekend.

Environmental police are collecting evidence in the area and will be interviewing local fishermen and residents.

…read more
Source: FULL ARTICLE at Fox World News

Science & Technology

Spiral beauty graced by fading supernova

Leave a comment

(Phys.org) —About 35 million light-years from Earth, in the constellation of Eridanus (The River), lies the spiral galaxy NGC 1637. Back in 1999 the serene appearance of this galaxy was shattered by the appearance of a very bright supernova. Astronomers studying the aftermath of this explosion with ESO’s Very Large Telescope at the Paranal Observatory in Chile have provided us with a stunning view of this relatively nearby galaxy. …read more
Source: FULL ARTICLE at Phys.org

Business, Finance, Occupation & Industry

Fuel Tech Reports 2012 Fourth Quarter and Annual Financial Results

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Fuel Tech Reports 2012 Fourth Quarter and Annual Financial Results

WARRENVILLE, Ill.–(BUSINESS WIRE)– Fuel Tech, Inc. (NAS: FTEK) , a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today reported unaudited results for the three- and 12-month periods ended December 31, 2012.

Douglas G. Bailey, Chairman, President, and Chief Executive Officer, commented, “2012 was one of the more successful years in Fuel Tech‘s history, highlighted by record revenues, record bookings and year-end backlog, and expansion into new territories. We ended the year with cash, cash equivalents, and marketable securities of $24.5 million, or $1.07 per diluted share, no short-term or long-term debt, and cash flow from operations of $8.7 million. Our strong financial position allowed us to return $7.9 million to our investors through our 2012 share repurchase plan and we invested $2.9 million in new product development.”

He continued, “Our Air Pollution Control (APC) segment was particularly strong in 2012, recording contract wins of $72.8 million, with much of this growth driven by our international markets. Our China-Pacific Rim business delivered solid year-over-year gains and, combined with APC‘s historic $36.6 million combustion project in Chile, helped produce 2012 fourth quarter and full-year foreign revenue growth of 121% and 55%, respectively, over the comparable prior year periods. We believe that our success in gaining a foothold in new markets favors further APC growth. We are committed to further expanding our international presence as a means of both mitigating the impact of a dynamic domestic regulatory environment and addressing the expanding global need for emissions control solutions.

“Our FUEL CHEM® business segment continues to face the challenges of low natural gas prices and reduced electricity demand. Despite lower revenues, FUEL CHEM substantially maintained its margins, which we view as a testament to the quality of our product solutions. Although we believe the macro issues facing this segment will resolve, we cannot predict when this will occur. We are continuing to pursue our pipeline of new customer, end market, and product opportunities.”


Fourth Quarter 2012

Revenues for the fourth quarter 2012 totaled $26.6 million, a 5% decrease from $28.0 million in last year’s fourth quarter. Higher APC revenues were offset by revenue declines at the FUEL CHEM segment.

…read more
Source: FULL ARTICLE at DailyFinance

News, Politics, Government

Bachelet: Chile left's hope in presidential vote

Leave a comment

Michelle Bachelet has a deep resume: daughter of a general tortured to death for opposing a coup, leftist exile during the ensuing bloody dictatorship, pediatrician, Cabinet member, mother, president, head of the U.N. women’s agency.

Now she’s coming back home after her stint at the United Nations, and if Chile‘s left has its way, she will add another item to that list: savior.

Bachelet, 62, who announced her return Friday night, is widely seen as the center-left opposition’s only hope of winning the Nov. 17 presidential election and taking power back from the conservative establishment ushered in when Sebastian Pinera won the presidency ins 2010 after she left office.

The popularity of this Andean country’s only woman president is high. A recent poll by CEP Estudios Publicos consultancy said 54 percent of voters favor her.

In announcing the end of her work at the U.N., Bachelet said only that she was going back to Chile and gave no specifics on timing.

She also did not mention the presidential race despite intense pressure in Chile for her to make her plans known — although there is a widespread expectation that she will run.

Her silence has frustrated not only her opponents but especially her sympathizers.

“We don’t have a plan B. I’m serious. In the opposition we’re just not prepared for a negative response from Bachelet,” said Jaime Quintana, president of the Liberal Party for Democracy, one of the parties in the center-left coalition.

Whoever runs will have to be ready to tackle mounting social demands and frequent protests that already troubled Bachelet during her presidency and have harried Pinera even more. Pinera is the most unpopular president since Chile returned to democracy in 1990 after the dictatorship of Gen. Augusto Pinochet.

Chile is respected for its fast-growing economy and transparent institutions. The country has continued to grow under Pinera and enjoys a record-low jobless rate, but it also has the worst inequality rate among the 34 countries of the Organization for Economic Co-operation and Development.

Millions of Chileans have participated in protests demanding a wider distribution of Chile‘s copper riches, free education and the return of ancestral lands to Mapuche Indians in a southern region where members of Chile‘s …read more
Source: FULL ARTICLE at Fox World News

News, Politics, Government

Michelle Bachelet says she's going back to Chile

Leave a comment

Chile‘s former president Michelle Bachelet, who has led the U.N. agency promoting women’s equality since July 2010, has announced that she plans to return home amid widespread speculation that she plans to run for president again.

Bachelet ended a speech at the closing session of a two-week meeting of the Commission on the Status of Women Friday night on a personal note saying: “This will be my last CSW. I’m going back to my country.”

She did not say when or what her future plans were.

Secretary-General Ban Ki-moon chose Bachelet to be the first head of UN Women, which put four U.N. bodies dealing with the advancement of women under a single umbrella.

…read more
Source: FULL ARTICLE at Fox World News

Business, Finance, Occupation & Industry

First Hyatt Place Hotel Opens in NYC

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

First Hyatt Place Hotel Opens in NYC

Hyatt Place New York/Midtown-South highlights brand’s move into urban, downtown locations

CHICAGO–(BUSINESS WIRE)– Hyatt Hotels Corporation (NYS: H) , Chesapeake Lodging Trust (NYS: CHSP) and Real Hospitality Group today announce the opening of Hyatt Place New York/Midtown-South, marking the first Hyatt Place property to debut in New York City. The new Midtown Manhattan location represents a move into downtown urban locations for the upscale select service brand, which has grown by nearly 18 percent in the past three years.

Hyatt Place New York/Midtown-South is located on W 36th Street, between 5th and 6th Avenues, in the heart of Manhattan. (Photo: Business Wire)

“New York is a significant and exciting market that represents so many opportunities for us as we look for meaningful growth across our portfolio of brands,” said Rakesh Sarna, group president – Americas, Hyatt Hotels Corporation. “The opening of the city’s first Hyatt Place is a significant step forward in our goal to become the most preferred brand for our guests, and we can’t wait to show New Yorkers and its many visitors from around the world what Hyatt Place is all about.”

Earlier this month, a Hyatt Place hotel opened in downtown Austin, Texas, and other downtown locations are expected to open this year in Chicago’s River North neighborhood; Minneapolis, Minn.; Charlotte, N.C.; Omaha, Neb.; Nashville, Tenn; Panama City, Panama; and Santiago, Chile. In 2014, the company anticipates additional urban, downtown openings for the brand in New York City‘s Times Square and Flushing; Washington D.C.’s NoMa neighborhood, and Lincoln, Neb.; among others.

“Hyatt Place guests may be accustomed to seeing our brand in suburban and airport locations, but we feel there is also demand in downtown locations for the accessibility, convenience and overall experience the brand provides. Hyatt Place delivers a seamless experience to meet the needs of our guests’ multi-tasking 24/7 lifestyles, so what better place to showcase that experience than The City that Never Sleeps,” said Chris Walker, vice president of brands, Hyatt Place and Hyatt House. “We look forward to introducing a new group of customers to the Hyatt Place brand.”

About Hyatt Place New York/Midtown-South

…read more
Source: FULL ARTICLE at DailyFinance