Affiliates of Hyatt Hotels Corp. and Ben Thanh Holdings have entered into a management agreement to develop a Hyatt Place hotel in Ho Chi Minh City, Vietnam.The 200-room Hyatt Place Saigon Phu Nhuan will be the brand's first in the country.
“We are pleased to start our relationship with Ben Thanh Holdings with the introduction of our first select-service hotel and the Hyatt Place brand into a fast-developing country like Vietnam,” said David Udell, group president, Asia-Pacific, Hyatt Hotels Corp.
The hotel will be within two kilometers of Tan Son Nhat International Airport and fewer than five kilometers from the city’s central business district.
Tri Cao Nguyen, chairman/CEO, Ben Thanh Holdings, said, “We are excited to collaborate with Hyatt and tap on its wealth of experience in hospitality to introduce guests to Hyatt’s first select-service hotel in Vietnam.”
Hyatt Place Saigon Phu Nhuan will have a cafe, grab-and-go food market, bar, lobby lounge, outdoor pool, fitness center and two meeting rooms covering more than 255 square meters.