Hyatt and Hui Xian Reit Sign Agreement for Hyatt Hotel in Chongqing Currently Under Renovation and Expected to Open Early 2019

Hyatt Hotels Corporation | March 15, 2018

CHICAGO (March 15, 2018) – Hyatt and Hui Xian Real Estate Investment Trust ("Hui Xian REIT") jointly announced today an agreement for Hyatt to manage a hotel owned by Hui Xian REIT. Located in Jiefangbei, Chongqing's Central Business District in western China, the hotel is currently under renovation and is expected to be rebranded as a Hyatt hotel in the first quarter of 2019. Acquired by Hui Xian REIT in 2017, the hotel is currently being redesigned and integrated into the adjacent Chongqing Metropolitan Oriental Plaza, which is also under Hui Xian REIT's ownership. With renovations expected to be complete in early 2019, the whol...