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Hotelier adding 11 more locales in country
Hyatt Hotels Corp. said it will open two Hyatt Place hotels and a Hyatt House locale in Shanghai, the first representatives of those select-service brands in Asia. The company also said Hyatt have affiliates signed management agreements for eight additional full-service hotels in China, bringing the total of announced Hyatt-branded hotels under development in that country to 32.
The Hyatt House Shanghai Jiading and Hyatt Place Shanghai Jiading, expected to open in the summer of 2014, will be part of a planned mixed use development near the city center. The Hyatt Place Xinjiangwan, in the Yangpu District, is expected to open in early 2015.
The additional eight full-service management agreements for new hotels in China include three Grand Hyatt hotels and five Hyatt Regency hotels. The Grand Hyatt hotels will be located in Hefei, Lijiang, and on the Shenzhou Peninsula. Of the five additional Hyatt Regency hotels, four will be located in Shanghai: Chongming, Hongqiao, Jiading and Wujiaochang; and one will be located in Zhenjiang.
“The new agreements being announced today, along with the previously announced properties under development, demonstrate growing confidence among owners and developers in the strength of Hyatt-branded hotels in China,” said Steve Haggerty, global head of real estate and development for Hyatt Hotels Corp.
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