First Hyatt Centric to open in Minhang, Shanghai by 2024 [Construction report]
Shanghai has been one of the fastest developing cities in the world for the last twenty years
A Hyatt affiliate has entered into a management agreement with Shanghai Xintian Real Estate Co. Ltd. for the brand’s first property in Shanghai’s Minhang district
Hyatt Hotels Corporation has announced that a Hyatt affiliate has entered into a management agreement with Shanghai Xintian Real Estate Co. Ltd.
This joint venture includes Shanghai Industrial Urban Development Group Limited (SIUD), Sun Hung Kai Properties Limited (SHKP), and Shanghai Minhang Urban Construction Investment Co., Ltd.
The collaboration will soon bring a Hyatt Centric hotel to the rising southwestern section of Shanghai.
This new 186-room hotel will be in a prime location ideal for guests to find exciting experiences in the heart of the fast-growing city of Shanghai.
“As Hyatt’s fastest growing lifestyle brand, the Hyatt Centric brand is all about connecting guests to the heart of the action, so they never miss a moment of adventure,” said Stephen Ho, President, Greater China, Global Operations for Hyatt.
“As we commemorate Hyatt’s 50th anniversary in Greater China and the Asia Pacific region this fall, we are delighted to be expanding this unique brand to both international and Chinese travellers in Shanghai – another exciting addition to the Hyatt portfolio in this ever-thriving city,” Mr. Ho went on to say.
“We look forward to working with Xintian Properties on this project, with SIUD offering the most prime location in Minhang and SHKP’s extensive experience in mixed-use development to witness what this destination has to offer and set new milestones in the hospitality industry,” he concluded.
Why Shanghai is a key market
Shanghai is not just a world-class city that never sleeps. It’s also a modern, historical, and cosmopolitan city all rolled into one. Indeed, Shanghai has been one of the fastest developing cities in the world for the last twenty years, with more growth expected for the future.
Minhang, located in one of Shanghai’s inner suburbs, connects the busy Xuhui and Pudong districts with the surrounding areas of Hangzhou Bay.
As home to two of Shanghai’s newest areas, Xinzhuang and Hongqiao, the district has realized striking growth in recent years with an aim to become a modern downtown hub by 2020.
The new Hyatt Centric hotel
With its opening date set for 2024, the new Hyatt Centric will be a part of a 7.5 million-square-foot (700,000-square-meter) mixed-use development on top of the Xinzhuang Subway Station.
This development will include residential units, serviced apartments, premium offices and a shopping mall.
Designed with social spaces to connect guests with one another, the hotel will feature a restaurant, gym, an 82-foot (25-metre) pool and two multi-functional meeting rooms intended to capture the increasing demand for those services in the emerging Xinzhuang area.
The development will be adjacent to the Minhang Economic Development, Zizhu Science Park, the National Exhibition and Convention Center, Shanghai Hongqiao International Airport, Hontqiao Railway Station and the city centre will be quickly accessible via subway.
“It is our great pleasure to be working with Hyatt on this project and we look forward to leveraging our expertise with Hyatt’s innovative approach in the hospitality industry to meet our customers’ evolving needs,” said Eric Tung, Executive Director of SHKP and Board Chairman of TODTOWN.
“This project has received huge support from the local government and is the first transit-oriented development to be constructed without disrupting existing transit operations. The complex is set to be another successful transportation hub in Shanghai, connecting the south and north sides of the railway to alleviate the current urban fragmentation problems.”
Let’s take a look at a few other projects currently underway in China:
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