Hyatt Hotels Corporation (NYSE: H) announced that a Hyatt affiliate has entered into a management agreement with Donggwang Clark Corporation for a 350-room Hyatt Regency hotel in Clark, Philippines, located less than 70 miles northwest of Metro Manila.
"We are delighted to collaborate with DCC on Hyatt Regency Clark, which will mark the return of the Hyatt Regency brand to the Philippines," said Asia Pacific Group President, David Udell, Hyatt Hotels Corporation. "We are excited to expand Hyatt's brand presence in the Philippines, where we are seeing a rise in leisure and business travelers. The new hotel, like other Hyatt Regency properties around the world, will be intuitively designed to make guests feel at home, while connecting them to what matters most."
Set to open in 2022, Hyatt Regency Clark will be part of DCC's 763.5-acre integrated mixed use project, D' Heights Resort, which includes two 18-hole golf courses, a duty free shopping mall, an indoor water park, residential towers, and an IT park. The hotel will feature flexible and comfortable interior design, bars and restaurants, a large ballroom, fitness center, and swimming pool.
Hyatt Regency Clark will be located in the Clark Freeport Zone (CFZ). With government plans for a 65-mile train line to link Clark with Metro Manila by 2022, the travel time between the two cities is expected to reduce to one hour. Plans are also underway for the expansion of the Clark International Airport to accommodate more travelers. As of 2017, the CFZ attracted more than 700 corporations to set up offices in the city.
"We are thrilled with this opportunity to work with Hyatt to develop a premier hotel in Clark," said DCC Chairman Lee Shin Kun. "We believe that the addition of Hyatt Regency Clark to the other entertainment and leisure facilities in the D' Heights Resort will further boost the tourism industry not just in Clark, but in the entire country. This latest endeavor provides us with an opportunity to develop a hotel that not only provides world-class service, but also contributes significantly to the Philippines' economy."
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