Hotel Online
News for the Hospitality Executive


advertisement



Hyatt Affiliate Signs Management Agreement with Hotel De La Paix, Co., Ltd
to Rebrand the Hotel De La Paix Siem Reap in Cambodia to
Park Hyatt Siem Reap

Hotel to Close June 30th, 2012 for Renovations and Rebranding to Reopen Q1 2013


CHICAGO-March 28, 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 HouseTM. 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.

Forward-Looking Statements

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. These statements include statements about our plans, strategies, financial performance, prospects or future events and involve known and unknown risks that are difficult to predict. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, 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, general economic uncertainty in key global markets, 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; hostilities, including future terrorist attacks, or fear of hostilities that affect travel; travel-related accidents; changes in the tastes and preferences of our customers; relationships with associates and labor unions and changes in labor law; the financial condition of, and our relationships with, third-party property owners, franchisees and hospitality venture partners; risk associated with potential acquisitions and dispositions and the introduction of new brand concepts; changes in the competitive environment in our industry and the markets where we operate; outcomes of legal proceedings; changes in federal, state, local or foreign tax law; foreign exchange rate fluctuations or currency restructurings; general volatility of the capital markets and our ability to access the capital markets. A more complete description of these risks and uncertainties can be found in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K. 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 actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
.
Contact:

Hyatt Hotels Corporation
Laurie Cole
+ 1 312 780 5935
[email protected]
or
Hyatt Hotels & Resorts – Asia Pacific
Karen Chung
+852 2768 1271
[email protected]




Receive Your Hospitality Industry Headlines via Email for Free! Subscribe Here

 
To Learn More About Your News Being Published on Hotel-Online Inquire Here

 
Also See: VTB Arena Park and a Hyatt Affiliate Enter Management Agreement for the 297-room Hyatt Regency Moscow Set to Open in Russia in 2015 / March 2012

Ana Montano Becomes the Director of Food & Beverage at the 393-room Hyatt Regency Louisville in Kentucky / March 2012

Hyatt Affiliate and Hyundai Development Company Enter Management Agreement for the 268-room Park Hyatt Busan to be Developed in South Korea; Slated for a 2013 Opening / March 2012

Park Hyatt Beaver Creek Resort and Spa in Colorado Names James Steinbach as Director of Group Sales and Rowland Cheeks as Senior Sales Manager / March 2012

$5.8 Million Renovation Underway for the 393-room Hyatt Regency Louisville in Kentucky / February 2012

Hyatt Affiliate to Develop 159-room Hyatt Place Omaha Downtown/Old Market in Nebraska; Opening Planned for 2014 / February 2012

Hyatt and Central Embassy Sign Management Agreement for the 222-room Park Hyatt Bangkok to be Developed in Thailand / February 2012

California's 138-room Avia at Long Beach Reflags as the Hyatt The Pike Long Beach / February 2012

Avia The Woodlands in Texas Reflags as the Hyatt Market Street, The Woodlands / February 2012

Hyatt and Naseel Holding Company Enter Management Agreements for Three New Hotels in the Kingdom of Saudi Arabia; Agreements for Park Hyatt Riyadh, Grand Hyatt Jeddah, and Hyatt Regency Jeddah Bring Total to Six Hotels Under Development in Saudi Arabia / February 2012

John Yeadon Named Director of Sales and Marketing of the 533-room Hyatt Regency Minneapolis in Minnesota / January 2012

Hyatt Regency Indianapolis in Indiana Completes $20 Million Renovation of its 499 Guestrooms and Rooftop Restaurant / January 2012

Two Key Appointments Made for the 116-key Boutique Hyatt 48 Lex in New York; Brian Twomey Named as Assistant General Manager and Maria Ordóñez-Maloney Named as Sales Manager / January 2012

Hyatt Rebrands 38 Hyatt Summerfield Suites and 15 Hotel Sierra Hotels to HYATT house Brand / January 2012

Hyatt Introduces Hyatt House Brand in India with Agreement for Hotel in Mumbai; Continues India Growth in 2012 with Opening of Six New Hotels in Bangalore, Chennai, Hampi, Hyderabad, Pune and Raipur / January 2012

The Park Hyatt Brand Debuts in China with the Opening of the 236-room Park Hyatt Ningbo Resort and Spa / January 2012

The Fourth Edition of the Hyatt Student Prize to be Awarded on December 8, 2011; The Prize, Created to Spotlight Hospitality Careers, Provides the Winner with Direct Experience Through Visits to Hyatt Corporate Offices and Hotels / November 2011

Hyatt Hotels and Abu Dhabi National Hotels Open the 306-key Park Hyatt Abu Dhabi Hotel and Villas in Abu Dhabi / November 2011

Hyatt Hotels Enters Management Agreement with Msheireb Hospitality for the 181-room Park Hyatt Doha Currently Under Construction in Qatar / October 2011

The 499-room Hyatt Regency Indianapolis in Indiana Launches $19 Million Guestroom Renovation / October 2011

Hyatt Hotels Opens 343-room Hyatt Regency Jinan in Shandong Province, China / September 2011

Park Hyatt Sydney in Australia to Reopen Late 2011 Following a Complete Redesign / September 2011

Andrew Davidson Appointed as General Manager of the 216-room Park Hyatt Washington in the District of Columbia / August 2011

Hyatt Signs Agreement with SIGNA Holding Group to Manage 143-room Park Hyatt Vienna in Austria / August 2011

314-room Grand Hyatt Goa Opens on India's West Coast / August 2011

366-room Hyatt Regency Guiyang Opens in the Capital City of Guizhou Province, Marking the First Hyatt Hotel in Southwest China / July 2011

Hyatt and Bahagia Investment Corporation Unveil Plans for 412-room Grand Hyatt Kuala Lumpur in Malaysia / June 2011

Grand Hyatt DFW Hotel Near Fort Worth, Texas, to Begin $13 Million Renovation / May 2011

Hyatt Regency Indianapolis Petitions for National Labor Relations Board-led Workers Vote in Attempt to End Two Years of Dissention Between Management and Labor / March 2011

Hyatt International Terminates Management Agreement with Grand Hyatt Cairo; Unresolved Contractual Disputes with Owner, Saudi Egyptian Touristic Development Company, Force Hyatt Exit / March 2011

Hyatt Hotels Affiliates Sign Management Agreements for Nine New Hyatt Branded Hotels Throughout India Bringing Total to 38 Properties Under Development; Additionally the 329-room Hyatt Regency Chennai and the 314-room Grand Hyatt Goa Will Open This Year / March 2011

Hyatt Hotels Affiliate Acquires Land for New Build 408-room Grand Hyatt Rio De Janeiro; Hotel Will Be Second Hyatt-branded Property in Brazil / December 2010

The 791-room Grand Hyatt Macau Opens on the Cotai Strip in the City of Dreams Development / October 2009
..
To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch

Home | Welcome | Hospitality News
| Industry Resources

Please contact Hotel.Online with your comments and suggestions.