Hyatt Hotels Corporation (NYSE: H) announced that a Hyatt affiliate has entered into a management agreement with Shenzhen Ping’An Financial Centre Construction and Development Co., Ltd. for a Park Hyatt hotel in Futian district, Shenzhen, China. Park Hyatt Shenzhen, Futian will join Grand Hyatt Shenzhen, which opened in 2009.
“Shenzhen is a key city for multiple industries in China and is becoming a gateway city in its own right. We are pleased to offer travelers another opportunity to stay at a Hyatt-branded property in Shenzhen and thanks to Park Hyatt’s reputation for outstanding service, as well as world-class dining, the hotel will be a natural addition to the city’s central business and financial district,” said Larry Tchou, group president, Asia Pacific for Hyatt. “This is our first project with Ping’An Group, and we believe that our shared values and vision for serving the best to Shenzhen will position Park Hyatt Shenzhen, Futian to provide guests with an unprecedented level of luxury and unrivalled hospitality.”
“Park Hyatt Shenzhen, Futian is our first hotel project”
Park Hyatt Shenzhen, Futian will be situated in the center of Futian central business district in Shenzhen, adjacent to the Convention and Exhibition Center, a prime location in the city. It will be an important part of the mixed use development project comprised of the hotel, luxury shopping mall and upscale offices. Expected to open in 2018, Park Hyatt Shenzhen, Futian will offer the brand’s signature personalized services with 223 luxury rooms and suites, an array of restaurants and bars, a spa and fitness center, and intimate multi-functional event facilities. The hotel will be located on top of the 1,148-foot (350-meter) south tower, and will be adjacent to the 2,021-foot (616-meter) north tower of the Ping’An Financial Centre, which is expected to be the tallest building in Shenzhen.
“Park Hyatt Shenzhen, Futian is our first hotel project,” said Mr. Ren Huichuan, general manager of Ping’An Group. “We are very pleased to work with Hyatt on such an exciting and significant collaboration. We believe the strength of Hyatt’s service culture and the depth of its operational expertise will bring great value to the new hotel.”
As of June 30, 2013, Hyatt’s executed contract base consisted of approximately 200 hotels across all brands and regions in which Hyatt hotels operate.
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