An affiliate of Hyatt Hotels Corp. has entered into a management agreement with Ho Chi Minh City, Vietnam-based Xuan Mai Sai Gon Construction Investment Joint Stock Company to develop the 300-room Hyatt Place Saigon, District 7 and the 250-room Hyatt House Saigon, District 7 in one of Ho Chi Minh City’s largest districts.
Planned for completion in 2023, the new properties will be Hyatt’s first dual-branded Hyatt Place and Hyatt House hotel project in Southeast Asia and will also mark the entry of the Hyatt House brand in Vietnam.
The new Hyatt Place Saigon, District 7 and Hyatt House Saigon, District 7 will be part of Eco Green Saigon, a 34-acre mixed-use development that will also include residential units, office space, event space and a primary school. Eco Green is eight miles from the Tan Son Nhat International Airport, the busiest airport in Vietnam, three miles from District 1 (Ho Chi Minh City’s Central Business District) and less than two miles from Phu My Hung New Urban Area with office developments, high end residences and schools as well as the Saigon Exhibition and Convention Centre.
Hyatt Place Saigon, District 7 will have 300 rooms, a café, a bar that serves both coffee and cocktails, a lobby lounge and three meeting rooms as well as an outdoor pool and fitness center. Hyatt House Saigon, District 7, meanwhile, will predominantly cater to guests looking for longer term accommodations, and will have 250 rooms divided into studios and one-bedroom suites, a bar, a lobby lounge and a meeting room as well as an outdoor pool and fitness center.
Once completed, the 69-story tower housing both hotels will be one of the tallest buildings in Ho Chi Minh City.
“With this signing, Hyatt is set to more than triple its brand presence in Vietnam over the next few years,” said Patrick Finn, SVP development, Asia-Pacific, Hyatt. “This project also presents Hyatt with an ideal opportunity to launch the Hyatt House brand in Vietnam’s gateway city that has the potential to be a catalyst for further Hyatt Place and Hyatt House developments in the country.”
“Hyatt Place Saigon, District 7 and Hyatt House Saigon, District 7 is expected to be the centerpiece of the Eco Green Saigon development in the heart of Ho Chi Minh City’s largest district,” said Bùi Khắc Sơn, a member of the board of Xuan Mai Sài Gòn. “This is our first hotel project and we are excited to introduce guests to the first dual-branded Hyatt Place and Hyatt House project in Southeast Asia.”