The first dual-branded Hyatt Place and Hyatt
House project in Southeast Asia is expected to open in 2023
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt
affiliate has entered into a management agreement with Xuan Mai Sai
Gon Construction Investment Joint Stock Company (“Xuan Mai”) to
develop a 300-key Hyatt Place Saigon, District 7 and 250-key Hyatt
House Saigon, District 7 in one of Ho Chi Minh City’s largest
districts. Planned for completion in 2023, the new hotels will be
Hyatt’s first dual-branded Hyatt Place and Hyatt House hotel
project in Southeast Asia and will also mark the entry of the Hyatt
House brand in Vietnam.
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Hyatt Place Saigon District 7 & Hyatt
House Saigon District 7 (Photo: Business Wire)
The Hyatt Place brand combines style, innovation and 24/7
conveniences to create an easy to navigate experience for today’s
multi-tasking traveler. Guests can enjoy thoughtfully designed
guestrooms featuring distinct zones for sleep, work and play, and
free flowing social spaces. Hyatt House hotels are designed to
welcome guests as extended stay residents seeking the conveniences
of home in modern, apartment-style suites with fully equipped
kitchens and separate living and sleeping areas.
“We are delighted to be working with Xuan Mai to develop Hyatt’s
first dual-branded select-service hotel project featuring the Hyatt
Place and Hyatt House brands in Southeast Asia,” said David Udell,
group president, Asia-Pacific, Hyatt Hotels Corporation. “Whether
guests are looking for short term or extended stay accommodations,
the location of Hyatt Place Saigon, District 7 and Hyatt House
Saigon, District 7 will put them in the heart of an up-and-coming
residential, commercial and entertainment district that is well
connected to Ho Chi Minh City’s Central Business District.”
The new Hyatt Place Saigon, District 7 and Hyatt House Saigon,
District 7 will be integral to Eco Green Saigon, an iconic 34-acre
mixed-use development, which will also include residential units,
office space, event space, and a primary school. Eco Green is
strategically located eight miles (13 kilometers) from the Tan Son
Nhat International Airport, the busiest airport in Vietnam, three
miles (five kilometers) from District 1, Ho Chi Minh City’s Central
Business District, and less than two miles (three kilometres) from
Phu My Hung New Urban Area comprising of office developments, high
end residences and schools, as well as the Saigon Exhibition and
Convention Centre.
Hyatt Place Saigon, District 7 will consist of 300 rooms, a
café, a bar serving coffee and cocktails, a lobby lounge, and three
meeting rooms, as well as an outdoor pool and fitness center. Hyatt
House Saigon, District 7 will predominantly cater to guests looking
for longer term accommodations, and will consist of 250 rooms
divided into studios and one-bedroom suites, a bar, a lobby lounge,
one meeting room, as well as an outdoor pool and fitness center.
Once completed, the 69-story tower housing both hotels will be one
of the tallest buildings in Ho Chi Minh City.
“With this signing, Hyatt is set to more than triple its brand
presence in Vietnam over the next few years, and we are delighted
to now offer locals and travelers additional accommodation options
across the country, as well as have an opportunity to further
solidify Hyatt’s brand presence in Ho Chi Minh City,” said Patrick
Finn, Senior Vice President - Development, Asia-Pacific, Hyatt.
“This project also presents Hyatt with an ideal opportunity to
launch the Hyatt House brand in Vietnam’s gateway city that has the
potential to be a catalyst for further Hyatt Place and Hyatt House
developments in the country.”
“Hyatt Place Saigon, District 7 and Hyatt House Saigon, District
7 is expected to be the center piece of the Eco Green Saigon
development in the heart of Ho Chi Minh City’s largest district,”
said Mr. Bùi Khắc Sơn, a member of the board of Xuan Mai Sài Gòn.
“This is our first hotel project and we are excited to introduce
guests to the first dual-branded Hyatt Place and Hyatt House
project in Southeast Asia, and furthermore, collaborate with Hyatt,
a globally recognized company with extensive hospitality
knowledge.”
The term “Hyatt” is used in this release for convenience to
refer to Hyatt Hotels Corporation and/or one or more of its
affiliates.
About Hyatt Place
Hyatt Place hotels combine style, innovation and 24/7
conveniences to create an easy to navigate experience for today’s
multi-tasking traveler. Guests can enjoy thoughtfully designed
guestrooms featuring distinct zones for sleep, work and play, and
free flowing social spaces that offer seamless transitions from
work to relaxation. With more than 300 locations globally, Hyatt
Place hotels offer freshly prepared food around the clock,
efficient service and differentiated experiences for World of Hyatt
members. For more information, please visit hyattplace.com. Join
the conversation on Facebook and Instagram, and tag photos with
#HyattPlace and #WhySettle.
About Hyatt House
Hyatt House hotels are designed to welcome guests, including
World of Hyatt members, as extended stay residents seeking the
conveniences of home. Modern, apartment-style suites with fully
equipped kitchens and separate living and sleeping areas provide
guests a stylish and comfortable environment so they can better
maintain their work and personal routines while traveling. At more
than 90 locations, the Hyatt House brand delivers home-like
amenities, neighborly service and upscale spaces, including free
hot breakfast for guests with made to order omelets; H Bar with a
Sip + Snack menu; and indoor and outdoor communal spaces for
productivity or relaxation. For more information, please visit
hyatthouse.com. Join the conversation on Facebook or Instagram and
tag photos with #HyattHouse and #WhySettle.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company with a portfolio of 20 premier brands.
As of September 30, 2019, the Company's portfolio included more
than 875 properties in over 60 countries across six continents. The
Company's purpose to care for people so they can be their best
informs its business decisions and growth strategy and is intended
to attract and retain top colleagues, build relationships with
guests and create value for shareholders. The Company's
subsidiaries develop, own, operate, manage, franchise, license or
provide services to hotels, resorts, branded residences, vacation
ownership properties, and fitness and spa locations, including
under the Park Hyatt®, Miraval®, Grand
Hyatt®, Alila®, Andaz®, The Unbound Collection
by Hyatt®, Destination®, Hyatt
Regency®, Hyatt®, Hyatt Ziva™, Hyatt
Zilara™, Thompson Hotels®, Hyatt
Centric®, Caption by Hyatt, Joie de Vivre®,
Hyatt House®, Hyatt Place®, tommie™, Hyatt
Residence Club® and Exhale® brand names, and operates
the World of Hyatt® loyalty program that provides distinct benefits
and exclusive experiences to its valued members. For more
information, please visit www.hyatt.com.
Forward-Looking Statement
Forward-Looking Statements in this press release, which are not
historical facts, are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. These
statements include statements about our plans, strategies, outlook,
occupancy, ADR and growth trends, market share, the number of
properties we expect to open in the future, our expected adjusted
SG&A expense, our estimated comparable system-wide RevPAR
growth, our estimated Adjusted EBITDA growth, our expected net
rooms growth, maintenance and enhancement to existing properties
capital expenditures, investments in new properties capital
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events and involve known and unknown risks that are difficult to
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filings with the SEC, including our annual report on Form 10-K,
which filings are available from the SEC. All forward-looking
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update one or more forward-looking statements, no inference should
be drawn that we will make additional updates with respect to those
or other forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20191121005818/en/
MEDIA CONTACT: Sian Rylander Hyatt +1 312 780 5797
sian.rylander@hyatt.com Angelina Hue Hyatt – Asia Pacific +852 2678
1323 Angelina.Hue@hyatt.com
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