china resources land
Hyatt Enters Joint Venture with China Resources Land to Expand Portfolio Across China
Hyatt Hotels Corporation | October 16, 2024
CHICAGO (October 16, 2024) Hyatt Hotels Corporation announced today that affiliates of Hyatt and China Resources Land (CR Land, stock code: 01109.HK) have entered a joint venture and signed a strategic collaboration agreement to expand Hyatt’s brand presence across China. This is part of Hyatt’s asset-light expansion of its brands in Hyatt’s second largest market. Under the initial plans, the joint venture, Yuen Kai Holdings Limited, will develop and manage hotels including six existing Mumian hotels in Beijing, Shenzhen, Chengdu, Hangzhou, and Rizhao as well as two new Mumian hotels in Shaoxing and Shanghai that are set to open in t...
Hyatt Signs With CR Land for New Park Hyatt Hotel in Xi’an
Park Hyatt Hotels | July 24, 2024
Park Hyatt Xi’an will be ideally located in the Xi’an CCBD commercial complex along the city’s central axis, creating a new landmark in the city CHICAGO / SHANGHAI (July 24, 2024) -- Hyatt Hotels Corporation (NYSE: H) and China Resources Land (CR Land, HKEX: 1109) announced that Hyatt has entered into a management agreement with CR Land for a Park Hyatt hotel in Xi’an, Shaanxi province, China. This project will be ideally located in the CCBD, one of the key mix-use commercial complexes along Xi’an’s central axis. Park Hyatt Xi’an will provide worldly travelers a sophisticated home-away-from-home in the ancient capital of China....
