New Hyatt Regency Announced for Hong Kong
HONG KONG--(Business Wire)--Global Hyatt Corporation and New World Development Company haveannounced the signing of a management agreement for a new 384-roomHyatt Regency, scheduled to open in 2009 in the heart of Kowloon'sTsim Sha Tsui district. The opening of the new Hyatt Regency will comethree years after the closure of the original Hyatt Regency Hong Kong,which opened in 1969 and marked the beginning of Hyatt InternationalCorporation. Towering above the city in one of the tallest skyscrapers inKowloon, Hyatt Regency Hong Kong will be part of a mixed-usedevelopment on Hanoi Road. Hyatt has also managed New World Development's legendary GrandHyatt Hong Kong since its opening in 1989. "The former Hyatt Regency Hong Kong at Nathan Road was the firstHyatt hotel established outside of the United States," said LarryTchou, Managing Director, Hyatt International Asia Pacific. "The newHyatt Regency Hong Kong will continue the legend as the hospitalitylandmark in Tsim Sha Tsui. We look forward to serving the people ofHong Kong, as well as business and leisure guests, corporate and groupcustomers travelling to the city." "The global economic boom and healthy tourism market has resultedin an increasing demand for premium hotels," said Dr. Cheng Kar-shun,Henry, Managing Director of New World Hyatt Regency Returns to HongKong Development Company Limited. "This project will strengthen NewWorld Development's hotel presence in Hong Kong and give the region anew and distinctive luxury hotel." The former Hyatt Regency Hong Kong closed the final chapter of itsillustrious history on January 1, 2006 after 36 years of servingguests with style and panache, pioneering services that are consideredHyatt standards today. It was opened on November 1, 1969 and quicklyestablished itself as an important hospitality landmark in the heartof Tsim Sha Tsui, Hong Kong's commercial and entertainment district.It not only provided accommodations for guests, but earned areputation as a lively hotspot in Kowloon. The new Hyatt Regency Hong Kong will occupy levels three to 24 inthe new complex, which will also include a five story shopping arcadeand direct access to the Tsim Sha Tsui MTR staion. Hugo's, The Chinese Restaurant, Chin Chin Bar and the Cafe - allfamiliar names from the original Hyatt Regency Hong Kong - will bringa sense of nostalgia to the new hotel. A total of more than 7,000 square feet of meeting space willinclude a 4,111 square foot ballroom and eight meeting rooms. Ameeting room and the Regency Club, both featuring floor-to-ceilingwindows and sweeping views of Victoria Harbour, The Peak, the KowloonPeninsula and Hong Kong Island, will occupy the 24th floor. Inaddition, a 15,000 square foot Sky Garden, located on the ninth level,will offer guests a relaxing sanctuary in the heart of the city. Other amenities will included a 25-metre indoor swimming pool,outdoor whirlpool, children's pool and fully equipped fitnessfacilities. About Global Hyatt Corporation Global Hyatt Corporation, one of the world's premier hotelcompanies, offers today's travelers more than 750 hotels and resorts
(more than 140,000 rooms) in 55 countries. The company's affiliatesown, operate, manage and franchise Hyatt-branded hotels and resortsunder Park Hyatt(TM), Grand Hyatt(TM), Hyatt Regency(TM), HyattResorts(TM), Hyatt(R), Hyatt Place(TM) and Hyatt SummerfieldSuites(TM) brands, as well as the company's newest global luxurybrand, Andaz(TM), Hyatt Regency Returns to Hong Kong which recentlyopened its first property in London. Global Hyatt Corporation is alsothe owner of Hyatt Vacation Ownership, Inc. operator of Hyatt VacationClub and fractional residential properties and U.S. Franchise Systems,Inc, which franchises Hawthorn Suites and Microtel Inns and Suites.From the U.S. and Canada, reservations for any Hyatt hotel worldwidemay be obtained by calling 1-800-233-1234, or logging on towww.hyatt.com. About New World Development Company Limited New World Development Company Limited (Hong Kong stock code: 0017)is a Hong Kong-based leading conglomerate. Established in 1970, theGroup was listed in Hong Kong since 1972, and is now a constituentstock of benchmark Hang Seng Index with a total asset value exceedingHK$144.1 billion. After more than 30 years of operations, the Grouphas expanded from its original property business to include four corebusinesses, namely property, infrastructure, service and departmentstore. As at the date of this press release, the Group has aneffective interest of approximately 56% in NWS Holdings Limited (HongKong stock code: 0659), 70% in New World China Land Limited (Hong Kongstock code: 0917) and 72% in New World Department Store China Limited
(Hong Kong stock code: 0825). Website: www.nwd.com.hkHyatt Hotels & ResortsKatie Meyer, +1.312.780.5711katie.meyer@corphq.hyatt.comorHyatt Hotels & ResortsDaniella Wu, +852.2768.1234daniella.wu@hyattintl.comCopyright Business Wire 2007
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