HONG KONG – Hang Lung Properties announced that Grand Hyatt, a luxury hotel brand under Hyatt, has been appointed to operate the company’s new luxury hotel in Kunming, Yunnan’s capital city in Southwest China. The new Grand Hyatt Kunming hotel is scheduled to open in mid-2023.
Grand Hyatt Kunming will become part of the mixed-use Spring City 66 development in the heart of Kunming that comprises a shopping mall, a 66-story Grade A office tower, and luxury branded residences.
Featuring 332 guestrooms and suites, state-of-the art amenities and extraordinary dining varieties, the hotel will cater to the most discerning corporate business and leisure travelers and be a social hub for the local community.
Grand Hyatt Kunming, with a gross floor area of 49,560 square meters, will occupy the first 26 floors of the hotel and residential tower, the top section of which will feature Hang Lung’s first luxury branded residences project. Details of the residences will be announced soon.
“Grand Hyatt Kunming will be a magnificent addition to our landmark commercial development Spring City 66. Just one year since it opened, Spring City 66 has already brought together about 300 top international and local retail, dining, lifestyle and entertainment brands. Sealing the collaboration with Hyatt also marks a key milestone in the business development of our parent company, Hang Lung Group, which celebrates 60 years of establishment this year,” said Weber Lo, CEO of Hang Lung Properties.
David Udell, Group President, Asia Pacific, Hyatt Hotels Corporation, said, “We are delighted to collaborate with Hang Lung Properties, who share our value on delivering high-end experiences and operational excellence. As the province’s capital and the largest city in Yunnan, Kunming serves as a gateway to South and Southeast Asia.”
Hang Lung Properties Limited (stock code: 00101), a constituent stock of the Hang Seng Index, Hang Seng SCHK High Dividend Low Volatility Index, Hang Seng Low Volatility Index, Hang Seng Corporate Sustainability Index in Hong Kong, and a member of the Dow Jones Sustainability Asia Pacific Index, is a real estate developer operating in Hong Kong and Mainland China.- BusinessNewsAsia.com