Hyatt Strengthens China Portfolio With Announcement Of Three New Hotels
January 06, 2010 // Franchising.com // HONG KONG — Hyatt Hotels Corporation (NYSE: H) and Suning Real Estate Development Co. today announced the signing of agreements for Hyatt subsidiaries to provide management services to three hotels in the vibrant hubs of China's Jiangsu province. Grand Hyatt Nanjing is currently slated to open in 2013 and Hyatt Regency Wuxi and Hyatt Regency Xuzhou are projected to debut in 2012.
Grand Hyatt Nanjing is slated to open in the historic city of Nanjing in 2013 as an integral part of the mixed-use development, Suning Plaza. This large-scale complex in the prominent Xin Jie Kou district of Nanjing will consist of Grand Hyatt Nanjing, luxury serviced residences, a shopping mall, and facilities for dining, leisure and entertainment. The 400-room hotel will feature innovative food and beverage concepts, a grand ballroom and several meeting rooms as well as an atmospheric spa and fitness centre. When completed, Grand Hyatt Nanjing will join the select circle of Grand Hyatt properties in Greater China that currently includes locations in Beijing, Shanghai, Guangzhou, Hong Kong, Taipei, and most recently Macau and Shenzhen.
Anticipated to open in 2012 as part of Suning Plaza, the 350-room Hyatt Regency Wuxi will be part of a two tower mixed-use development in Wuxi. The 70-storey North Tower will feature the hotel on the upper levels, serviced residences on the middle levels and office space on the lower levels. The 41-storey South Tower will contain additional serviced apartments. An eightstorey wing of the South Tower will provide extensive space for a shopping arcade, food and beverage outlets, a cinema and other leisure facilities. Hyatt Regency Wuxi will boast four restaurants and bars, an 800-square-metre ballroom and 10 multi-function rooms of varying sizes. Guests at the hotel will be able to de-stress at a spa with six treatment rooms and fitness centre.
In the mixed-use development Suning is planning to construct in Xuzhou, Hyatt Regency Xuzhou will be ensconced in the upper levels of a 60-storey tower, which is one of five towers that will make up Suning Plaza in the city centre. The lower levels of the tower will have serviced apartments and offices. A six-storey wing will contain a shopping mall, restaurants and bars as well as leisure facilities.
The 350 guestrooms will have a contemporary design and the hotel will offer travellers the latest technology tools, stylish restaurants and lounges, a grand ballroom and meeting venues as well as a spa and fitness centre. Hyatt Regency Xuzhou is slated to open in 2012.
Steve Haggerty, global head of real estate and development for Hyatt Hotels Corporation, said of the latest Hyatt properties planned for China, "These future openings in three of China's most dynamic growth centres will further strengthen the Hyatt-branded portfolio in the country. We look forward to delivering authentic hospitality to business and leisure travellers."
Six Hyatt-branded hotels have opened in Greater China in the past 18 months, including Park Hyatt Shanghai, Park Hyatt Beijing, Grand Hyatt Macau, Grand Hyatt Shenzhen, Hyatt Regency Hong Kong, Sha Tin, and Hyatt Regency Hong Kong, Tsim Sha Tsui. Hyatt's subsidiaries currently provide management services to 15 hotels in the region.
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 in 45 countries 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 Summerfield Suites™ brand names and have locations under development on five continents. Hyatt Vacation Ownership Inc, a Hyatt Hotels Corporation subsidiary, develops and operates vacation ownership properties under the Hyatt Vacation Club® brand. As of December 31, 2009, the company's worldwide portfolio consisted of more than 415 properties.
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