Date: June 2018
Location: Nha Trang, Southern Vietnam
Name: Hyatt Regency Nha Trang – opening late 2019
No. of Keys: 434
Developer/Owner: A&B Group, which was established in 1993 and started off as a construction company and diversified into designing, manufacturing and distributing interior design equipment and high quality wooden furniture in Vietnam, Laos and Cambodia.
Since 2003, it expanded its business into the hospitality sector with a strategy to tap into resort opportunities within the country, with three five-star resorts – Anantara Mui Ne, Phan Thiet City; Nam Nghi Resort at Phu Quoc Island and Gia Han Ecological Resort also in Nha Trang.
The property will be part of a mixed use development in the coastal resort city in southern Vietnam. The hotel will include more than 12,000 sq ft of meeting space.
“With its pristine beaches, night markets, and abundant dining options, Nha Trang provides business and leisure travellers countless opportunities to explore the city throughout their stay,” said Asia Pacific Group President David Udell, Hyatt Hotels Corporation.
The hotel will be located along Tran Phu Street, one of Nha Trang’s prominent streets lined with pastel-coloured houses and shops reminiscent of colonial Vietnam.
While Nha Trang has been a popular beach destination for leisure travellers, the shipbuilding industry has contributed heavily to the city’s economy, attracting business travellers to the city.
Cam Ranh International Airport, which serves the city, welcomed 5.4 million passengers in 2017, and the government plans to accommodate the rising number of visitors with the introduction of a second airport terminal.
“Hyatt is a leading global hospitality company committed to caring for its guests, employees and owners. We are confident that Hyatt Regency Nha Trang will become the most sought after premium hotel in Nha Trang, a resort city that continues to experiences positive tourism growth. We believe this to be the start of a long-term collaboration between Hyatt and A&B Group,” said Chairman Ha Van An, A&B Group.
THPT Comment: Vietnam is on a boom right now with luxury hotel development. The upcoming Wyndham Resort Nha Trang will have 1,709 rooms when it opens in 2019 as part of a $200-million mixed-use development. The Wyndham Soleil Danang, meanwhile, will have 3,200 rooms across four towers when it opens later in 2018.
First Seen: Hyatt website