Spanish · Pronunciation Guide
eye — exactly like the English word, since the h is silent and "ay" glides into one sound.
Just one syllable, so placement is not in question. It is worth knowing that "hay" has no plural — it covers both there is and there are, so "hay dos hoteles" is correct with no change to the verb. Its past form "había" needs an accent to break the i away from the a and hold the stress there.
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Hay dos hoteles aquí.
There are two hotels here.
Listen: Hay dos hoteles aquí.
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"Hay dos hoteles aquí" uses one unchanging verb form for a plural subject, which is the whole peculiarity of this word. The h in "hoteles" is silent as well, so "dos hoteles" links across into do-so-TE-les. "Aquí" needs its accent to keep the beat on the final í against the default rule.
Pronouncing the h is the obvious slip, giving "hay" as in English hay — a straight "eh" vowel rather than the gliding "eye". Both halves are wrong: no breath, and the vowel moves. The grammar catches more people though: learners pluralize it into "han" or "hayn" when the subject is plural, and Spanish never does that. One form, always.