Park Hyatt Hotel Will Be Third Hyatt-Branded Property in Thailand and
18th Park Hyatt Under Development Worldwide
CHICAGO--(BUSINESS WIRE)--Feb. 17, 2012--
Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt
affiliate signed a management agreement for Park Hyatt Bangkok for
Central Embassy, a wholly owned subsidiary of the Central Group of
Companies. The iconic hotel will be located in a prime location in the
city’s central business district. Slated to open in 2014, Park Hyatt
Bangkok will be housed within a new, modern mixed-use building, bringing
the legendary Park Hyatt luxury brand to one of Southeast Asia’s leading
business and leisure destinations.
Park Hyatt Bangkok, Hyatt Hotels (Photo: Business Wire)
Park Hyatt Bangkok is one of 18 announced Park Hyatt properties under
development worldwide – the first in Thailand – and upon opening, will
become the third Hyatt-branded hotel in Thailand.
“Park Hyatt Bangkok’s premier location within this attractive and
rapidly growing international city represents our commitment to
introducing the luxury of Park Hyatt to gateway locations around the
world where our guests are traveling,” said
Stephen Haggerty
, global
head of real estate and development for Hyatt Hotels Corporation. “The
spectacular ‘twisted coil’ exterior design of this hotel will be a
standout in Bangkok’s skyline and will reinforce the Park Hyatt brand’s
long history of innovative design.”
Park Hyatt Bangkok will feature 222 rooms, including 49 suites. The
hotel will include all-day dining and specialty restaurants, a lobby
lounge and specialty lounge, as well as a sky bar and restaurant with
magnificent views of downtown Bangkok. Park Hyatt Bangkok will also
feature 15,515 square-feet of meeting space and impressive amenities
including a spa, business center, fitness room and swimming pool.
“We are delighted and honored to enter into this agreement for Park
Hyatt Bangkok,” said Chart Chirathivat, Managing Director - Central
Embassy, Central Retail Corporation Ltd. “The union between a
prestigious brand such as Park Hyatt, which is renowned for its
outstanding service standard, and Central Embassy, a world-class luxury
venture, will result in the perfect, seamless integration. Having Park
Hyatt as a part of the Central Embassy project will surely put this
luxury retail landmark on the world map, highlighting Central Embassy's
key philosophy of Infinite Connections."
Situated within Bangkok’s central business district on the site of the
former British Embassy, Park Hyatt Bangkok will be located near premium
residences, offices of major international companies, embassies and
high-end retail, including Central Chidlom, one of the best performing
department stores in Thailand for over 30 years. The hotel will also
have easy access to local expressways, the Bangkok Transit System, and
the city’s Suvarnabhumi International Airport.
“We are honored to work with Central Embassy and introduce the luxury
Park Hyatt brand to Thailand. Park Hyatt Bangkok will add one of
Southeast Asia’s principal business, financial and leisure destinations
to the Park Hyatt brand’s impressive and expanding portfolio worldwide,”
said
Larry Tchou
, managing director for Asia Pacific, Hyatt Hotels &
Resorts. “We eagerly await the opportunity to welcome our guests from
around the world to one of the region’s greatest cities.”
Currently, discerning global travelers look to Park Hyatt for luxurious,
elegant accommodation and personalized, attentive service in 28
locations, including Abu Dhabi, Baku, Beaver Creek, Beijing, Buenos
Aires, Canberra, Carlsbad, Chicago, Dubai, Goa, Hamburg, Istanbul,
Jeddah, Melbourne, Mendoza, Milan, Moscow, Ningbo, Paris, Republic of
Maldives, Saigon, Seoul, Shanghai, Sydney, Tokyo, Toronto, Washington,
D.C., and Zurich.
In addition to Park Hyatt Bangkok, 17 other previously announced Park
Hyatt hotels are under development in the following locations Além-Tejo,
Portugal; Changbaishan, Guangzhou, Hangzhou, and Sanya Sunny Bay, China;
Chennai, Delhi, Hyderabad, Jaipur, Kolkata, and Mumbai, India; Doha,
Qatar; Marrakech, Morocco; New York, United States; Riyadh, Saudi
Arabia, St. Georges, Bermuda and Vienna, Austria.
There are currently two other Hyatt-branded hotels in Thailand: Grand
Hyatt Erawan Bangkok and Hyatt Regency Hua-Hin.
About Central Embassy
Central Embassy is the most ambitious mixed use project by Thailand’s
leading retailer Central Group. Set to become Asia’s new architectural
masterpiece, Central Embassy is located in Bangkok’s most prominent
location on Ploenchit and Wireless intersection, surrounded by affluent
and dynamic neighborhoods.
The 37-floor complex promises to revolutionize future luxury shopping
and entertainment experience with an 8-story retail of 150 stores and
lifestyle podium, verdant sky terraces and a luxury hotel tower
sprawling over a total commercial area of 144,000 sq m. Central Embassy
is served by two Skytrain stations and a network of roads and express
way. With 70,000 sq m of retail floor space, Central Embassy is poised
to set new heights by offering unmatched shopping and entertainment
experiences. Central Embassy expects the project to become Bangkok’s
most iconic modern landmark. The total project value is approximately
USD 340 million. For more information, visit www.centralembassy.com
About Central Retail Corporation Ltd.
Central Retail Corporation is one of the largest and most diversified
retail groups in Thailand, covering Department Stores (Central,
Robinson, Zen, La Rinascente, Italy), Category Killers (Powerbuy,
Supersport, B2S, Homework, Office Depot, Thai Watsadu), supermarkets
(Central Food Hall, Tops Market, Tops Super, Tops Daily).
In China, Central Embassy operates 2 Central department stores and 1 Zen
in Hangzhou and Shenyang, China. In Italy, Central has just acquired
latest 10 luxurious department store “La Rinascente” in Italy’s major
cities including Milan, Monza, Padova, Torino, Genova, Firenze, Caglari,
Palermo, Catania and 2 stores in Rome.
About Park Hyatt
Intimate and residential in style, Park Hyatt hotels promise gracious
service on a personal scale. Located in many of the world’s premier
destinations, each Park Hyatt hotel combines elegance with distinctive
regional character. Park Hyatt hotels feature sophisticated interiors,
meeting and special event spaces for small groups and social occasions,
critically acclaimed art programs, and signature restaurants featuring
award-winning chefs. For more information, visit www.parkhyatt.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.
Hyatt House
is changing its brand identity from Hyatt Summerfield Suites®.
Hyatt Residential Group, Inc., a Hyatt Hotels Corporation
subsidiary, develops, operates, markets or licenses Hyatt
ResidencesTM and Hyatt Vacation
Club®, which is changing its name to Hyatt Residence ClubTM.
As of December 31, 2011, the Company's worldwide portfolio consisted of
483 properties in 45 countries. For more information, please visit www.hyatt.com.
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“forward-looking” statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements
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Source: Hyatt Hotels Corporation
Hyatt Hotels Corporation
Laurie Cole
+ 1 312 780 5935
laurie.cole@hyatt.com
or
Hyatt
Hotels & Resorts
Karen Chung
+852-2768-1271
karen.chung@hyatt.com
or
Central
Retail Corporation Ltd.
Pattra Devahastin na Ayudhya (Meen)
+662
101 8464
depattra@central.co.th
or
Central
Retail Corporation Ltd.
Prapaporn Namvong
+66 85 911 2133
naprapaporn@central.co.th