Hyatt Hotels has signed a management agreement with Hotel De La Paix for the first Hyatt-branded hotel in Cambodia.
Under the agreement, Hotel De La Paix Siem Reap will be rebranded as Park Hyatt Siem Reap.
The hotel will close on June 30th, 2012 for a complete renovation and is expected to open as Park Hyatt Siem Reap in the first quarter of 2013.
There are currently 12 Hyatt-branded properties in south-east Asia, with additional plans to introduce new hotels in Kuala Lumpur, Malaysia; Busan, South Korea; and Bangkok, Thailand.
The hotels support the company’s long-term goal of expanding the presence of Hyatt-branded hotels in the markets where its guests are travelling.
“This globally recognised property embodies the distinctive experience that our guests expect from Park Hyatt along with a local character that amazes those visiting this wonderful country,” said Ratnesh Verma, senior vice president, real estate and development – Asia Pacific for Hyatt Hotels & Resorts.
“We are thrilled to add this remarkable property to the Hyatt family, adding a jewel in our growing portfolio of hotels in Southeast Asia.”
Park Hyatt Siem Reap will be situated nearby the renowned 12th century ruins of Angkor, a UNESCO World Heritage site that researchers believe was one of the largest preindustrial cities in the world.
The temples in the area number more than 1,000 and include Angkor Wat, the world’s largest single religious monument.
The hotel will also be a short distance from Siem Reap-Angkor International Airport, Cambodia’s second largest airport, which provides non-stop service to several major regional markets including Bangkok, Hanoi, Kuala Lumpur, Ho Chi Minh City, Phnom Penh, Seoul, Singapore and Vientiane.