A sinkhole is a natural depression caused by the removal of soil by water. This process can happen slowly, but sometimes the land just cracks open. In this case, the sinkhole happened suddenly. It was caused by massive waterfall from tropical storm Agatha, which is now hitting the area.
Sinkholes can go from low terrain depressions to hundred of meters. Luckily, and unlike the similar sinkhole that killed two teens in 2007, it happened in a street intersection and it seems there are no victims.
Guatemalan sink hole