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MarketScreener Homepage  >  Equities  >  Nyse  >  Hyatt Hotels Corporation    H

HYATT HOTELS CORPORATION

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Hyatt Hotels : Regency West Hanoi Opens in Vietnam; The newly renovated hotel marks 's debut in the Vietnamese capital

10/22/2020 | 09:07am EST

CHICAGO - Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Regency West Hanoi, the first Hyatt hotel in Hanoi and the third Hyatt hotel in Vietnam. Located in Nam Tu Liem district, Hanoi's new business district near major sporting and convention venues, Hyatt Regency West Hanoi offers 519 modern guestrooms where business travelers and leisure guests can enjoy seamless and relaxing experiences. Hyatt Regency West Hanoi, which has been rebranded from an existing hotel, has undergone an extensive renovation throughout all guestrooms, public areas, event and meeting spaces, and culinary venues, as well as a redesign of its tranquil landscaped garden.

'We are thrilled and grateful to be debuting the very first Hyatt hotel in the capital city of Vietnam alongside ownership company Tran Hong Quan Trading Co Ltd,' said Louis Low, general manager, Hyatt Regency West Hanoi. 'Conveniently located in a bustling business district, the hotel's tranquil ambiance and modern accommodations, dynamic dining venues and elevated event spaces help ensure guests have a relaxing time when visiting Hyatt Regency West Hanoi.'

Convenient Location

Hyatt Regency West Hanoi is situated a few minutes by car from the Ministry of Foreign Affairs, the National Convention Center, and various business districts home to global companies, making the property a convenient base for corporate guests. Also located directly next to My Dinh National Stadium and near the Formula One Grand Prix race track, the hotel is an ideal choice for visitors attending major sporting events in Hanoi. In addition, a soon-to-be-completed road will lead directly from the hotel to Ring Road 3, which will provide guests with easy access to the highway and make it easier to visit popular locations in northern Vietnam such as Sapa, Ninh Binh and Ha Long Bay.

Refreshed Guestrooms

Spanning two towers, the hotel offers guests a bright, stylish urban retreat with 519 guestrooms, including 114 spacious suites and 129 long-stay rooms with kitchenettes and washing machines. The refreshed interiors feature a contemporary palette with natural wood and marble accents, coupled with modern facilities and floor-to-ceiling windows that allow in natural light and impressive views.

Vibrant F&B Venues

For guests looking to unwind after a busy day, the sky bar beckons with its relaxed atmosphere and spacious outdoor terrace, where guests can enjoy signature cocktails and panoramic city views. The hotel's main restaurant, Market Cafe, offers a vibrant dining experience with its lively open kitchens showcasing different types of local and international cuisine, from fresh seafood to Vietnamese fare. The expansive hotel lounge offers a relaxing spot for guests to connect and socialize.

Modern Meeting and Wellbeing Facilities

Featuring 4,740 square feet (823 square meters) of meeting and event space, including a spacious ballroom and several multifunctional meeting rooms, Hyatt Regency West Hanoi is also a premier venue for meetings, conferences, weddings and events, all accompanied by assistance from event planners delivering seamless and intuitive service. Additionally, an outdoor swimming pool, 24-hour fitness center and luxurious spa provide ample options for guests to relax and re-energize during their stay.

Guided by its purpose of care, Hyatt's multi-layered Global Care & Cleanliness Commitment further enhances its operational guidance and resources around colleague and guest safety and peace of mind. More information on Hyatt's commitment can be found here: hyatt.com/care-and-cleanliness.

For more information, please visit: hyattregencywesthanoi.com

The term 'Hyatt' is used in this release for convenience to refer to Hyatt Hotels Corporation and / or one or more of its affiliates.

For further information:

About Hyatt Regency

The Hyatt Regency brand prides itself on making travel free from stress and filled with success. More than 200 conveniently located Hyatt Regency urban and resort locations in more than 30 countries around the world serve as the go-to gathering space for every occasion - from efficient personalized, high-touch business meetings to energizing family vacations. The brand offers stress-free environments for seamless gatherings and empathetic service that anticipates guests' needs. Designed for productivity and peace of mind, Hyatt Regency hotels and resorts offer a full range of services and amenities, including the space to work, engage or relax; notable culinary experiences; technology-enabled ways to collaborate; and expert meeting and event planners who can take care of every detail. For more information, please visit hyattregency.com. Follow @HyattRegency on Facebook, Twitter and Instagram, and tag photos with #HyattRegency.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company offering 21 premier brands. As of June 30, 2020, the Company's portfolio included more than 900 hotel, all-inclusive, and wellness resort properties in 65 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top employees, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt, Miraval, Grand Hyatt, Alila, Andaz, The Unbound Collection by Hyatt, Destination, Hyatt Regency, Hyatt, Hyatt Ziva, Hyatt Zilara, Thompson Hotels, Hyatt Centric, Caption by Hyatt, Joie de Vivre, Hyatt House, Hyatt Place, tommie, UrCove, Hyatt Residence Club and Exhale brand names, and operates the World of Hyatt loyalty program that provides distinct benefits and exclusive experiences to its valued members. For more information, please visit www.hyatt.com.

MEDIA CONTACTS:

Mai Phuong Dung

Hyatt Regency West Hanoi

+84 935 449 042

dung.maiphuong@hyatt.com

Jennifer Rubin

Hyatt

+1 312 780 5808

jennifer.rubin@hyatt.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 2 098 M - -
Net income 2020 -587 M - -
Net Debt 2020 1 572 M - -
P/E ratio 2020 -12,4x
Yield 2020 0,27%
Capitalization 7 404 M 7 404 M -
EV / Sales 2020 4,28x
EV / Sales 2021 2,70x
Nbr of Employees 55 000
Free-Float 36,9%
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Mean consensus HOLD
Number of Analysts 21
Average target price 56,93 $
Last Close Price 73,18 $
Spread / Highest target 2,49%
Spread / Average Target -22,2%
Spread / Lowest Target -38,5%
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Managers
NameTitle
Mark Samuel Hoplamazian President, Chief Executive Officer & Director
Thomas J. Pritzker Executive Chairman
H. Charles Floyd Global President-Operations & Executive VP
Joan Bottarini Chief Financial Officer & Executive Vice President
Alex D. Zoghlin EVP & Global Head-Technology & Strategy
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