Hotel to be first Hyatt Place hotel in Thailand
CHICAGO--(BUSINESS WIRE)--Dec. 12, 2012--
Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
has signed a management agreement with Pioneer Property Company Limited
(PPC), a Bangkok-based real estate firm, for a new Hyatt Place hotel to
be located in the heart of the Thai capital. Scheduled to open in 2017,
Hyatt Place Bangkok, Sukhumvit will join the recently announced Hyatt
Regency Bangkok, Sukhumvit, which is also expected to open in 2017,
and Park
Hyatt Bangkok, which is expected to open in 2014. The introduction
of the Park Hyatt, Hyatt Regency and Hyatt Place brands further
reaffirms Hyatt’s continued commitment to Thailand. There are currently
two Hyatt-branded hotels in Thailand – Grand
Hyatt Erawan Bangkok and Hyatt
Regency Hua Hin.
“As the capital, principal city and economic center of Thailand, Bangkok
is strategically important for both business and leisure travelers and
we are grateful to have the opportunity to introduce Hyatt Place to this
part of the world,” said
Ratnesh Verma
, senior vice president, real
estate and development, Asia Pacific, Hyatt Hotels and Resorts. “Hyatt
Place is a well-recognized and successful brand in the United States,
and it is known for delivering a consistent upscale select service
experience. The introduction of the Hyatt Place brand in Bangkok
represents an integral stepping-stone in the company’s development in
this prime market and gives us an opportunity to further strengthen
Hyatt’s commitment to expanding its brands in markets where guests are
increasingly traveling.”
Hyatt Place offers a fresh and friendly stay experience, ideal for the
multi-tasking business travelers as well as for leisure travelers and
families. Hyatt Place features are based on extensive consumer research
and insight into the way the brand’s target market lives and travels
offering a tailored level of comfort and service.
“As an upscale select service hotel, Hyatt Place Bangkok, Sukhumvit will
allow us to appeal to the growing number of domestic and international
travelers to Bangkok,” said Pravina Srisakulchawla of Pioneer Property
Company Limited. “While some visitors vacation in Bangkok, many travel
for business and often choose to extend their stay. We wish to appeal to
both these groups, and this development confirms our position to do so.”
Hyatt Place Bangkok, Sukhumvit will offer 220 guest rooms and seven
studio suites. The hotel will feature a Cozy Corner sectional
sofa-sleeper, separate workspace, the Hyatt Grand Bed, 42” flat-panel
HDTV and the Hyatt Plug Panel media center. Guests will also enjoy an
impressive sky pool, fitness center, a multi-cuisine restaurant and bar,
and dedicated meeting facilities.
Centrally located on Sukhumvit Road Soi 24, Hyatt Place Bangkok,
Sukhumvit will be an ideal base for business and leisure travelers, with
close proximity to the Emporium shopping mall and easy access to the
city’s business, entertainment and dining districts.
For more information, please visit www.hyattdevelopment.com.
About Hyatt Place
Launched in 2006, Hyatt Place brings to the upscale select service hotel
category the authentic hospitality for which Hyatt is known. Inspired by
multitasking travelers’ 24/7 lifestyle, Hyatt Place combines stylish
design and practical amenities with forward-thinking technology and
purposeful service. Spacious guestrooms feature multiple areas to work
and relax, and include the Cozy Corner, an eight-foot sectional sofa
sleeper; plush Hyatt Grand Bed; and ergonomic work center. For more
information, please visit www.hyattplace.com.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a proud heritage of making guests feel more
than welcome. Thousands of members of the Hyatt family strive to make a
difference in the lives of the guests they encounter every day by
providing authentic hospitality. The Company's subsidiaries manage,
franchise, own and develop hotels and resorts under the Hyatt®, Park
Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place® and
Hyatt
House
TM brand names and have locations on six
continents. Hyatt Residential Group, Inc., a Hyatt Hotels
Corporation subsidiary, develops, operates, markets or licenses Hyatt
ResidencesTM and Hyatt Residence ClubTM.
As of September 30, 2012, the Company's worldwide portfolio consisted of
496 properties in 45 countries. For more information, please visit www.hyatt.com.
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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, occupancy and ADR
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Source: Hyatt Hotels Corporation
Hyatt Hotels Corporation
Siân Martin, +1 312 780 5797
sian.martin@hyatt.com
or
Karen
Chung, +852 2768 1271
karen.chung@hyatt.com