Park Hyatt Siem Reap
will be the first Hyatt-branded property in
fast-growing destination, and 14th Hyatt-branded property in Southeast
Asia
CHICAGO--(BUSINESS WIRE)--Mar. 27, 2012--
Hyatt Hotels Corporation (NYSE: H) announced today that an affiliate has
signed a management agreement with Hotel De La Paix, Co., Ltd. for the
first Hyatt-branded hotel in Cambodia. Under the agreement, Hotel De La
Paix Siem Reap, one of the country’s top-rated hotels, will be rebranded
as
Park Hyatt Siem Reap
. The hotel will close on June 30, 2012 for a
complete renovation and is expected to open as
Park Hyatt Siem Reap
in
the first quarter of 2013.
Located at the center of one of Asia’s major emerging cultural
destinations, the property, designed by award-winning Bangkok-based
interior designer
Bill Bensley
, was voted as Cambodia’s No. 1 hotel by Travel
+ Leisure and ranked No. 29 on its World’s Best Hotels 2010 list.
“This globally recognized property embodies the distinctive experience
that our guests expect from Park Hyatt along with a local character that
amazes those visiting this wonderful country,” said
Ratnesh Verma
,
senior vice president, real estate and development – Asia Pacific for
Hyatt Hotels & Resorts. “We are thrilled to add this remarkable property
to the Hyatt family, adding a jewel in our growing portfolio of hotels
in Southeast Asia.”
There are currently 12 Hyatt-branded properties in Southeast Asia, with
additional plans to introduce new hotels in Kuala Lumpur, Malaysia;
Busan, South Korea; and Bangkok, Thailand, which support the company’s
long-term goal of expanding the presence of Hyatt-branded hotels in the
markets where its guests are traveling.
Park Hyatt Siem Reap
will be situated nearby the renowned 12th century
ruins of Angkor, a UNESCO World Heritage site that researchers believe
was one of the largest preindustrial cities in the world. The temples in
the area number more than 1,000 and include Angkor Wat, the world’s
largest single religious monument. The hotel will also be a short
distance from Siem Reap-Angkor International Airport, Cambodia’s second
largest airport, which provides non-stop service to several major
regional markets including Bangkok, Hanoi, Kuala Lumpur, Ho Chi Minh
City, Phnom Penh, Seoul, Singapore and Vientiane.
"We are excited to work with Park Hyatt and
Bill Bensley
to build on the
success and achievements of our hotel in Siem Reap,” said Eddie
Kiasrithanakorn, Managing Director, Hotel De La Paix Co., Limited, “and
we look forward to creating new elements of luxury in terms of product
and service for our valued guests. We believe that Park Hyatt will
continue to strengthen our award winning community service programs and
lead the development of the arts in Cambodia."
Park Hyatt Siem Reap
will include 107 guest rooms and suites. The hotel
plans to feature two restaurants, one bar and a retail bakery. The hotel
will also feature meeting facilities, a spa, fitness center, and two
swimming pools.
“We are honored to work with Hotel De La Paix Co., Limited to rebrand
this renowned Cambodian hotel into Park Hyatt Siem Reap,” said
Larry
Tchou
, managing director for Asia Pacific, Hyatt Hotels & Resorts. “We
are confident the hotel will deliver a new hospitality experience to
guests visiting the nearby UNESCO World Heritage site or traveling in
Cambodia.”
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. For information about the additional 19 previously
announced Park Hyatt hotels under development worldwide, please visit
HyattDevelopment.com.
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 and food and beverage programs, and signature
restaurants featuring award-winning chefs. For more information, visit www.parkhyatt.com.
About Hotel De La Paix Co., Ltd.
Hotel De La Paix Co., Ltd. is an affiliate of KS Hotels and Resorts,
which owns Park Hyatt Maldives Hadahaa, Hotel De La Paix properties in
Thailand and Laos, three Nagas in Luangprabang, and has ownership
interests in The Yamu Phuket.
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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Source: Hyatt Hotels Corporation
Hyatt Hotels Corporation
Laurie Cole, +1 312 780 5935
laurie.cole@hyatt.com
or
Hyatt
Hotels & Resorts – Asia Pacific
Karen Chung, +852 2768 1271
karen.chung@hyatt.com