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.