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Hyatt signs agreement for new resort in Thailand

Hyatt Hotels & Resorts has signed an agreement to manage a new luxury resort that is being developed by Proud Resorts Koh Samui Co. Ltd., a joint venture between real estate and hospitality investment specialists, First Oriental, and the Liptapanlop family. Scheduled to open in 2009, Park Hyatt Koh Samui will comprise 90 luxurious hotel villas and a further 24 residential villas, all set on a hilltop location overlooking Thong Krut Bay on Koh Samui’s southern shoreline.

 

“Koh Samui’s is one of Thailand’s most popular tourist destinations with an ideal climate and good accessibility, which makes it attractive for tourism related investment. This project presents an exceptional opportunity for Hyatt to strengthen its brand portfolio in Asia Pacific,” said Willi Martin, Hyatt Area Vice President South East Asia.

Commenting on behalf of the owners and developers, Michael Evanoff of First Oriental stated: “This idyllic location on an established, exclusive resort island is sure to attract discerning hotel guests and villa owners. We believe that management by Hyatt, under the prestigious Park Hyatt brand, will deliver the perfect guest experience to complement the scale and beauty of the development”.

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