Hyatt Continues Expanding Brand Presence in China with Plans for Hyatt Regency Beijing, Wangjing
CHICAGO - December 16, 2013 - (BUSINESS WIRE) - Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Beijing Lixing Property Development Co., Ltd for a new Hyatt Regency hotel in Beijing. Expected to open in 2017, Hyatt Regency Beijing, Wangjing will be the first Hyatt Regency in this key gateway city, joining the two existing Hyatt-branded hotels, Park Hyatt Beijing and Grand Hyatt Beijing.
"We are excited to bring the Hyatt Regency brand to one of the most sought-after cities in the world and further expand Hyatt’s brand presence in the capital city of China," said Larry Tchou, Group President, Asia Pacific, Hyatt Hotels Corporation. "We are delighted to work with Beijing Lixing Property Development Co., Ltd to introduce world-class facilities and we look forward to bringing Hyatt’s authentic hospitality to the Wangjing community."
Located in northeastern Beijing, Hyatt Regency Beijing, Wangjing will be part of a mixed use development, comprised of the hotel, three high-end office buildings, retail spaces, and a central park area. Designed by the world-renowned architect Kengo Kuma, the hotel will be integrated into the adjacent park with a sunken garden and green elements throughout the premises, providing a perfect communal space for relaxation or business in the surrounding community.
Hyatt Regency Beijing, Wangjing will feature 349 guestrooms, an array of restaurants and bars, multi-functional event spaces, a fitness center, a spa, and a swimming pool.
About Hyatt Regency
Hyatt Regency hotels are conveniently located in urban, suburban, airport, convention and resort destinations around the world. Properties range in size up to more than 2,000 rooms, feature intimate and large meeting spaces and offer a full range of services and dining options tailored to serve the needs of conventions, business travelers or resort vacationers. Hyatt Regency enables all guests – whether they are traveling to work, unwind or gather in celebration – to feel productive and revitalized. www.hyattregency.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®, Hyatt House®, Hyatt ZilaraTM, and Hyatt ZivaTM 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, 2013, the Company's worldwide portfolio consisted of 535 properties in 47 countries. For more information, please visit www.hyatt.com.
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