Hyatt to enter Cambodia

Hyatt Hotels Corp., Chicago, announced on Tuesday that it signed via affiliate a management agreement with Hotel De La Paix Co. for the first Hyatt branded hotel in Cambodia.

Under the agreement, Hotel De La Paix Siem Reap, located near the famous Angkor Wat temple, will be rebranded as Park Hyatt Siem Reap. The hotel will close on June 30, 2012 for a complete renovation and is expected to open as Park Hyatt Siem Reap in the first quarter of 2013.

“This globally recognized property embodies the distinctive experience that our guests expect from Park Hyatt along with a local character that amazes those visiting this wonderful country,” said Ratnesh Verma, senior vice president, real estate and development — Asia Pacific for Hyatt Hotels & Resorts.

Park Hyatt Siem Reap will include 107 guest rooms and suites. The hotel plans to feature two restaurants, one bar and a retail bakery. The hotel will also feature meeting facilities, a spa, fitness center, and two swimming pools.

There are currently 12 Hyatt-branded properties in Southeast Asia, with additional plans to introduce new hotels in Kuala Lumpur, Malaysia, and Busan, South Korea.