Hyatt Hotels Corporation recently announced that a Hyatt affiliate has entered into a master development agreement with LATAM Hotel Corp, in order to develop 10 hotels Hyatt Place in Central America and Mexico. The first five hotels will be in Managua Nicaragua Hyatt Place, Hyatt Place Guatemala in Guatemala City, Hyatt Place San Salvador in El Salvador, and Hyatt Place San Pedro Sula and Tegucigalpa in Honduras Hyatt Place.