The Midas Hotel and Casino opened in 1968. On February 1, 1971, the hotel became part of the Hyatt Hotel chain; the second Hyatt establishment outside the United States. It was owned by singer-songwriter Jose Mari Chan.[3][4] The hotel was acquired by the Sunwest Group headed by Elizaldy Co and adopted its current name.[5][6] The rebranded hotel had a soft opening on December 29, 2010.[1]