Hyatt Enters Management Agreement With A&B Grouup for Hyatt Regenncy Hotel in Nha Trang, Vietnam
July 12, 2018 12:12pm
CHICAGO (June 12, 2018) – Hyatt Hotels Corporation (NYSE: H) announced today 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.
For more information about the Hyatt Regency brand, please visit www.hyattregency.com.
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The Hyatt Regency brand prides itself on connecting travelers to who and what matters most to them. More than 180 conveniently located Hyatt Regency urban and resort locations in over 30 countries around the world serve as the go-to gathering space for every occasion – from efficient business meetings to memorable family vacations. The brand offers a one-stop experience that puts everything guests need right at their fingertips. Hyatt Regency hotels and resorts offer a full range of services and amenities, including the space to work, engage or relax; notable culinary experiences; technology-enabled ways to collaborate; and expert event planners who can take care of every detail. For more information, please visit hyattregency.com. Follow @HyattRegency on Facebook, Twitter and Instagram, and tag photos with #AtHyattRegency.
Contact: Karen Chung
+852 2768 1271
A&B Group was established in 1993 and started off as a construction company and diversified into designing, manufacturing and distributing interior design equipment and high quality wooden furniture in Vietnam, Laos and Cambodia. Since 2003, it expanded its business into the hospitality sector with a strategy to tap into resort opportunities within the country.
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 14 premier brands. As of March 31, 2018, the Company's portfolio included more than 700 properties in more than 50 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™, Hyatt Residence Club® and exhale® brand names. For more information, please visit www.hyatt.com.
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