Hyatt Hotels Corporation has signed with Hotelera Pinares, a subsidiary of Strategic Hospitality Investments Corporation, to manage the 120-room Hyatt Place San Jose Pinares in Costa Rica.

The new property, expected to open in mid-2012 and the first in the country under the Hyatt Place brand, will be part of Momentum Pinares, a mixed use commercial complex being developed on the east side of San Jose. The development will include a 97,000sq ft (9,011sq m) office tower, a 48,000sq ft (4,459sq m) medical building, a cinema and a 75,000sq ft (6,968sq m) shopping mall.