CHICAGO (November 6, 2012) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into an agreement with Bonifacio Landmark Realty and Development Corp. (BLC), a joint-venture company between property developer Federal Land Inc. and Japanese financial services group ORIX Corporation, for a Grand Hyatt hotel and Grand Hyatt branded residences in Manila, Philippines.
Expected to open in 2015, Grand Hyatt Manila and Residences will be part of a two-tower upscale mixed use project in the residential, entertainment and business district of Fort Bonifacio Global City in Metro Manila. Grand Hyatt Manila will be located on the top 14 floors of the 66-story office and hotel tower, and will offer 438 guestrooms. Additional hotel amenities will include a dramatic and energetic lobby, multiple food and beverage offerings, a spa, fitness center and pool, and comprehensive business and meeting facilities with state of the art technology. The residences will be located in the second tower, and will offer 220 luxury units with private access to the hotel’s amenities, including the spa, fitness center and pool and restaurants.
Just recently, the substructure of the Grand Hyatt Manila was topped off, marking another milestone for the project. Wong + Ouyang and Ove Arup & Partners are the architect and engineer responsible for the Grand Hyatt Hotel and Residences; the firms have also worked on several other Hyatt projects, including Grand Hyatt Shanghai and Grand Hyatt Hong Kong. Bilkey Llinas Design will design the interiors of the hotel.
“As the political, economic, social, and cultural center of the Philippines, Manila is attracting entrepreneurs and business owners that have an appetite for luxury brands and residences,” said Ratnesh Verma, senior vice president of real estate and development, Asia Pacific, Hyatt Hotels & Resorts. “Grand Hyatt Manila and Residences is a remarkable opportunity to expand the presence of the iconic Grand Hyatt brand in this rapidly growing Southeast Asia market.”
“We are honored to work with Bonifacio Landmark Realty and Development Corporation and to introduce the Grand Hyatt brand to the Philippines,” said Larry Tchou, group president, Asia Pacific, Hyatt Hotels & Resorts. “We are confident the hotel will deliver a new hospitality experience, and we look forward to serving the neighborhood community as well as business and leisure travelers from around the world.”
“This milestone is testament to a fruitful relationship between companies that share the same vision,” says Alfred V. Ty, Chairman of Bonifacio Landmark and President of Federal Land. “It also symbolizes the future of a modern Philippines.”
Grand Hyatt Manila and Residences will be the center of the master-planned development Veritown Fort, which will house 11 residential projects, premier dining option and upscale retail spaces and boutiques. Facing 7th and 8th Avenues, the hotel and residences will provide guests and residents with convenient access to Kalayaan Avenue and the business and residential district of Makati. Additionally, the hotel and residences will be in close proximity to the many restaurants and retail outlets located in High Street, Serendra, Burgos Circle, the Fort Square, and Fort Strip, as well as the Ayala Land’s Market! Market! shopping center.
Upon opening, Grand Hyatt Manila and Residences will be the second Hyatt-branded hotel in the Philippines joining Hyatt Hotel & Casino Manila.
About Grand Hyatt
Grand Hyatt features large-scale, distinctive hotels in major gateway cities and resort destinations. With presence around the world and critical mass in Asia, Grand Hyatt hotels provide sophisticated global business and leisure travelers with upscale accommodations. Signature elements of Grand Hyatt include dramatic architecture, innovative dining options, state of the art technology, spa and fitness centers, and comprehensive business and meeting facilities appropriate for corporate meetings and social gatherings of all sizes.
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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 brand names and has 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, 2012, the Company’s worldwide portfolio consisted of 496 properties in 45 countries. For more information, please visit www.hyatt.com.
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