CHICAGO--(BUSINESS WIRE)--
Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
has entered into a management agreement with an affiliate of Boutique
Group of Companies for a Hyatt Place hotel in Phuket, Thailand. Expected
to open in 2016, Hyatt Place Phuket, Patong will mark the first Hyatt
Place hotel in Phuket, Thailand.
“Thailand continues to be an important market for Hyatt, both from a
leisure and business travel perspective. Phuket in particular is one of
Southeast Asia’s premier leisure destinations, and Hyatt’s expanding
resort portfolio is key to creating preference among our guests,” said
Ratnesh Verma
, senior vice president, real estate and development, Asia
Pacific, Hyatt. “Hyatt Place Phuket, Patong will be the company’s first
Hyatt Place resort hotel in Southeast Asia, and it is a privilege to
work with such an experienced and dynamic owner as the Boutique Group.”
“We are pleased to work with Hyatt on our latest hotel development.
Hyatt Place Phuket, Patong will be Boutique’s twelfth real estate
development, the ninth hotel development and the company’s first hotel
project in Phuket,” said Group Chief Executive Officer
Prab Thakral
of
Boutique Group of Companies. “We have further plans to expand over the
next twelve months by adding another three hotel developments in Phuket
to the Boutique portfolio. From Hyatt and Boutique’s combined strength
and expertise in hotel development and management, we are confident that
Hyatt Place Phuket, Patong will excel and gain loyal guests in the
region and will further enhance our real estate portfolio. Furthermore,
we look forward to the opportunity to work with Hyatt on other hotel
projects in the future.”
Hyatt Place Phuket, Patong will feature 161 guestrooms with balconies, a
swimming pool, a fitness center, a restaurant and bar, a business
center, and more than 2,400 square feet (225 square meters) of flexible,
high-tech meeting/function space.
Located in the heart of Phuket, Hyatt Place Phuket, Patong will be
nestled on an elevated piece of land on Patong beach. The hotel will be
a short walk from the seafront, and will offer panoramic views across
the bay. Tucked away from the city center, the hotel will provide guests
with a sense of tranquility and also offer easy access to Patong’s
entertainment, markets, dining, and shopping.
Hyatt Place Phuket, Patong will join three Hyatt-branded hotels already
in operation in Thailand, including Grand
Hyatt Erawan Bangkok, Hyatt
Regency Hua Hin and Hyatt
Regency Phuket Resort. There are also three previously announced
hotels under development, including Park
Hyatt Bangkok, Hyatt
Regency Bangkok, Sukhumvit and Hyatt
Place Bangkok, Sukhumvit.
About Hyatt Place
Launched in 2006, the Hyatt Place brand 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
hotels combine style with casual hospitality. Featuring spacious
guestrooms with the Cozy Corner, free Wi-Fi, the 24/7 Gallery Menu,
Coffee to Cocktails Bar, and free hot breakfast for guests. The Odds &
Ends program also has guests covered with items they may have forgot and
can buy, borrow or enjoy for free. Specially trained Gallery Hosts are
on hand to offer assistance with everything from directions to check-in
to a freshly made meal.
Hyatt Place, a brand of Hyatt Hotels Corporation, offers more than 200
locations in the United States, Armenia, China, Costa Rica, India,
Mexico, Puerto Rico, Netherlands, and United Arab Emirates. For Hyatt
Place information or to make a reservation, call 1-888-HYATT-HP
(888-492-8847) or visit www.HyattPlace.com.
About Boutique Group of Companies
Boutique Group of Companies is a leading property developer in Thailand,
focusing on high quality mid-market serviced residences and hotels. The
group currently owns multiple hospitality assets under the brands
Citadines, Oakwood and Ozo in major Thai cities such as Bangkok and
Pattaya. The group intends to further expand its hospitality development
platform across Thailand and particularly Phuket. Additionally, Boutique
Group of Companies has diversified into the retail development and
condominium development sectors with Rain Hill on Sukhumvit 47, an award
winning community mall and the development of the 252-unit Treetops
Condominium in Pattaya to be completed in 2015. Furthermore, Boutique
Group of Companies has recently diversified to quick service restaurant
business by partnering with one of Japan’s largest food group to expand
Marugame Seimen udon restaurants in Thailand.
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®, Hyatt
House®, Hyatt Zilara™
and
Hyatt Ziva
™ brand
names and have locations on six continents. Hyatt Residential
Group, Inc., a Hyatt Hotels Corporation subsidiary,
develops, operates, markets or licenses Hyatt Residences®
and Hyatt Residence Club®. As of June 30, 2014, the
Company's worldwide portfolio consisted of 563 properties in 48
countries. For more information, please visit www.hyatt.com.
The term “Hyatt” is used in this release for convenience to refer to
Hyatt Hotels Corporation and/or one or more of its affiliates.
Forward-Looking Statements
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. Our actual
results, performance or achievements may differ materially from those
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you can identify forward-looking statements by the use of words such as
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or the negative of these terms or similar expressions. Such
forward-looking statements are necessarily based upon estimates and
assumptions that, while considered reasonable by us and our management,
are inherently uncertain. Factors that may cause actual results to
differ materially from current expectations include, among others, the
rate and pace of economic recovery following economic downturns; levels
of spending in business and leisure segments as well as consumer
confidence; declines in occupancy and average daily rate; if our
third-party owners, franchisees or development partners are unable to
access the capital necessary to fund current operations or implement our
plans for growth; changes in the competitive environment in our industry
and the markets where we operate; our ability to access the capital
markets; and other risks discussed in the Company's filings with the
U.S. Securities and Exchange Commission, including our Annual Report on
Form 10-K, which filings are available from the SEC. We caution you not
to place undue reliance on any forward-looking statements, which are
made as of the date of this press release. We undertake no obligation to
update publicly any of these forward-looking statements to reflect
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make additional updates with respect to those or other forward-looking
statements.

Source: Hyatt Hotels Corporation