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Hyatt Expands Brand Presence in Vietnam With Plans for a Hyatt Regency Hotel in Nha Trang

Hyatt Regency Nha Trang will mark the first Hyatt- branded hotel in Nha Trang, Vietnam

CHICAGO (June 11, 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

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

About Hyatt Regency

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 FacebookTwitter and Instagram, and tag photos with #AtHyattRegency.

About A&B Group

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.

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About Hyatt Hotels Corporation

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 ZilaraHyatt Residence Club® and exhale® brand names. For more information, please visit www.hyatt.com.

Forward-Looking Statements

Forward-Looking 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.  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 our actual results, performance or achievements to differ materially from current expectations include, among others, 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; the financial condition of, and our relationships with, third-party property owners, franchisees and hospitality venture partners; the possible inability of third-party owners, franchisees or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and the introduction of new brand concepts; changes in the competitive environment in our industry, including as a result of industry consolidation, and the markets where we operate; general volatility of the capital markets and our ability to access such markets; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the U.S. Securities and Exchange Commission. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements.  We caution you not to place undue reliance on any forward-looking statements, which are made only 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 law. 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.

 

MEDIA CONTACTS: 
Gloria Kennett
Hyatt
+ 312-780-5506
gloria.kennett@hyatt.com

Karen Chung
Hyatt – Asia Pacific
+852 2768 1271  
karen.chung@hyatt.com 


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