CHINA Hyatt Hotels Corp. has signed management agreements for 11 new Hyatt-branded hotels in emerging cities and resort destinations across China. The new deals bring Hyatt’s China pipeline to 22 properties across all of its full-service brands.
The 11 newly executed management agreements are:
- Park Hyatt Changbaishan
- Hyatt Regency Changbaishan
- Hyatt Regency Changchun
- Grand Hyatt Dalian
- Hyatt Regency Guiyang
- Hyatt Regency Jinan
- Hyatt Regency Qingdao
- Grand Hyatt Sanya Haitang Bay
- Grand Hyatt Shenyang
- Hyatt Regency Tianjin East
- Hyatt Regency Wenzhou
These new projects complement Hyatt properties already under development in Chengdu, Chongqing, Guangzhou, Hangzhou, Nanjing, Ningbo, Sanya Sunny Bay, Suzhou, Wuxi and Xuzhou.
“China is an important gateway market for business and leisure travelers, and our development efforts will benefit from Hyatt’s 41-year history here,” says Steve Haggerty, Hyatt’s global head of real estate and development. “Our presence in gateway cities in China, along with our reputation for innovation in design and food and beverage operations, has created strong appreciation for our brands among developers and owners in the region.”
Of the 22 properties currently under development in China, four properties—Park Hyatt Ningbo, Hyatt Regency Jinan, Hyatt Regency Guiyang and Hyatt Regency Qingdao—are slated to open in 2011, with an additional nine properties expected to open in 2012.
“Our goal is to increase customer preference for Hyatt by expanding the presence of all of our brands in emerging Chinese cities and resort destinations,” says Nong Xia, senior vice president of real estate and development for Hyatt in China. “One of the drivers of our growth in China is the creation of new urban centers and resort areas where we have the opportunity to establish Hyatt-branded hotels.”
There are currently 17 Hyatt hotels in Greater China, in key markets such as Beijing, Hong Kong, Macau, Shanghai, Shenzhen and Taipei. There are more Hyatt hotels in China than any other country except the United States. “Our strong portfolio of hotels in China will be enhanced by the new hotels we have under development,” Haggerty says, “and this robust set of new full service hotel projects demonstrates our strategy to drive customer preference for our brands by expanding the number of hotels we have in markets in which we are not represented or are underrepresented.”