Hyatt Enters Management Agreement With A&b Group for Hyatt Regency Hotel in Nha Trang, Vietnam
Hyatt Hotels Corporation (NYSE:
H) announced that a Hyatt affiliate has entered into a management
agreement with an affiliate of A&B Group for a Hyatt Regency hotel
in Nha Trang, Vietnam. Set to open in late 2019, the 434-room hotel will
mark the first Hyatt Regency hotel in Nha Trang, a coastal resort city
in southern Vietnam boasting scenic white sandy beaches and rich
culinary offerings.
“With its pristine beaches, night markets, and abundant dining
options, Nha Trang provides business and leisure travelers countless
opportunities to explore the city throughout their stay,” said Asia
Pacific Group President David Udell, Hyatt Hotels Corporation. “We are
delighted to have this opportunity to collaborate with A&B Group to
build on our commitment to expanding Hyatt's brand footprint in Vietnam,
a destination that continues to attract our World of Hyatt community
and guests.”
Hyatt Regency Nha Trang will be designed to connect today's travelers
to who and what matters most. As part of a mixed use development, which
includes retail and office space, Hyatt Regency Nha Trang will feature
434 guestrooms, a majority of which will enjoy sea views, more than
12,000 square feet (1,130 square meters) of meeting space, multiple bars
and restaurants, a fitness center, and a swimming pool.
The hotel will be located along Tran Phu Street, one of Nha Trang's
prominent streets lined with pastel-colored houses and shops reminiscent
of colonial Vietnam. The seaside street today attracts locals and
travelers for its art galleries that showcase Vietnam's local flavor.
While Nha Trang has been a popular beach destination for leisure
travelers, the shipbuilding industry has contributed heavily to the
city's economy, attracting business travelers to the city. Cam Ranh
International Airport, which serves the city, welcomed 5.4 million
passengers in 2017, and the government plans to accommodate the rising
number of visitors with the introduction of a second airport terminal.
“Hyatt is a leading global hospitality company committed to caring for its guests, employees and owners. We are confident that Hyatt Regency Nha Trang will become the most sought after premium hotel in Nha Trang, a resort city that continues to experiences positive tourism growth. We believe this to be the start of a long-term collaboration between Hyatt and A&B Group,” said Chairman Ha Van An, A&B Group.
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