Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Kamala Bay Ventures Co., Ltd. for a Hyatt Regency hotel in Phuket, Thailand. The hotel will be the first Hyatt-branded resort to open in Phuket, one of Southeast Asia's premier resort destinations. Expected to open in late 2013, Hyatt Regency Phuket Resort will join two existing Hyatt-branded hotels in Thailand, including Grand Hyatt Erawan Bangkok and Hyatt Regency Hua Hin.
"We are excited to bring the Hyatt Regency brand to one of the region's most sought after resort destinations"
"We are excited to bring the Hyatt Regency brand to one of the region's most sought after resort destinations," said Ratnesh Verma, senior vice president, real estate and development, Asia Pacific for Hyatt Hotels & Resorts. "Hyatt Regency Phuket Resort will follow the opening of Park Hyatt Siem Reap and Park Hyatt Changbaishan this year, and the addition of these hotels is indicative of Hyatt's commitment to build brand loyalty through exciting leisure offerings. We are honored to further strengthen our relationship with Kamala Bay Ventures Co., Ltd., which through its affiliates is also the owner of Park Hyatt Siem Reap and Park Hyatt Maldives Hadahaa."
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Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Kamala Bay Ventures Co., Ltd. for a Hyatt Regency hotel in Phuket, Thailand. The hotel will be the first Hyatt-branded resort to open in Phuket, one of Southeast Asia's premier resort destinations. Expected to open in late 2013, Hyatt Regency Phuket Resort will join two existing Hyatt-branded hotels in Thailand, including Grand Hyatt Erawan Bangkok and Hyatt Regency Hua Hin.
"We are excited to bring the Hyatt Regency brand to one of the region's most sought after resort destinations"