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While worries over the national economy are making headlines on the national level, there's a piece of good news coming out of Palm Beach County that shouldn't be overlooked when it comes to votes of confidence in the recovery to come.
Hyatt Hotels & Resorts is breaking ground on Palm Beach County's first new hotel since 2009. Hyatt Place Delray Beach is set to add 134 rooms to The Palm Beaches when it debuts in 2012. It will be the second Hyatt Place in the area, the first opened in West Palm Beach in 2009.
"Of the 750 hotel rooms in Delray Beach, 314 have become available since 2001, meaning an astounding 72 percent of the area's current hotel product in Delray has been developed in the last 10 years," said Palm Beach County Convention and Visitors Bureau President and CEO Jorge Pesquera. "When the new Hyatt Place opens next year, it will bring the town's hotel inventory to 884 rooms, increasing Delray's total inventory by another 18 percent."
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