Hyatt Hotels Corporation has announced that a Hyatt affiliate has entered into a management agreement with Shanghai Xintian Real Estate
Co. Ltd.To get more
minhang, you can visit shine news official website.
This joint venture includes Shanghai Industrial Urban Development Group
Limited (SIUD), Sun Hung Kai Properties Limited (SHKP), and Shanghai
Minhang Urban Construction Investment Co., Ltd.
The collaboration will soon bring a Hyatt Centric hotel to the rising
southwestern section of Shanghai.This new 186-room hotel will be in a
prime location ideal for guests to find exciting experiences in the
heart of the fast-growing city of Shanghai.
“As Hyatt’s fastest growing lifestyle brand, the Hyatt Centric brand is
all about connecting guests to the heart of the action, so they never
miss a moment of adventure,” said Stephen Ho, President, Greater China,
Global Operations for Hyatt.
“As we commemorate Hyatt’s 50th anniversary in Greater China and the
Asia Pacific region this fall, we are delighted to be expanding this
unique brand to both international and Chinese travellers in Shanghai –
another exciting addition to the Hyatt portfolio in this ever-thriving
city,” Mr. Ho went on to say.
“We look forward to working with Xintian Properties on this project,
with SIUD offering the most prime location in Minhang and SHKP’s
extensive experience in mixed-use development to witness what this
destination has to offer and set new milestones in the hospitality
industry,” he concluded.
WHY SHANGHAI IS A KEY MARKET
Shanghai is not just a world-class city that never sleeps. It’s also a
modern, historical, and cosmopolitan city all rolled into one. Indeed,
Shanghai has been one of the fastest developing cities in the world for
the last twenty years, with more growth expected for the future.
Minhang, located in one of Shanghai’s inner suburbs, connects the busy
Xuhui and Pudong districts with the surrounding areas of Hangzhou Bay.
As home to two of Shanghai’s newest areas, Xinzhuang and Hongqiao, the
district has realized striking growth in recent years with an aim to
become a modern downtown hub by 2020.
With its opening date set for 2024, the new Hyatt Centric will be a part
of a 7.5 million-square-foot (700,000-square-meter) mixed-use
development on top of the Xinzhuang Subway Station.
This development will include residential units, serviced apartments, premium offices and a shopping mall.
Designed with social spaces to connect guests with one another, the
hotel will feature a restaurant, gym, an 82-foot (25-metre) pool and two
multi-functional meeting rooms intended to capture the increasing
demand for those services in the emerging Xinzhuang area.
The development will be adjacent to the Minhang Economic Development,
Zizhu Science Park, the National Exhibition and Convention Center,
Shanghai Hongqiao International Airport, Hontqiao Railway Station and
the city centre will be quickly accessible via subway.
“It is our great pleasure to be working with Hyatt on this project and
we look forward to leveraging our expertise with Hyatt’s innovative
approach in the hospitality industry to meet our customers’ evolving
needs,” said Eric Tung, Executive Director of SHKP and Board Chairman of
TODTOWN.
“This project has received huge support from the local government and is
the first transit-oriented development to be constructed without
disrupting existing transit operations. The complex is set to be another
successful transportation hub in Shanghai, connecting the south and
north sides of the railway to alleviate the current urban fragmentation
problems.”
