Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate signed a management agreement for Park Hyatt Bangkok for Central Embassy, a wholly owned subsidiary of the Central Group of Companies.  The iconic hotel will be located in a prime location in the city’s central business district.  Slated to open in 2014, Park Hyatt Bangkok will be housed within a new, modern mixed-use building, bringing the legendary Park Hyatt luxury brand to one of Southeast Asia’s leading business and leisure destinations.

Park Hyatt Bangkok is one of 18 announced Park Hyatt properties under development worldwide – the first in Thailand – and upon opening, will become the third Hyatt-branded hotel in Thailand.

“Park Hyatt Bangkok’s premier location within this attractive and rapidly growing international city represents our commitment to introducing the luxury of Park Hyatt to gateway locations around the world where our guests are traveling,” said Stephen Haggerty, global head of real estate and development for Hyatt Hotels Corporation. “The spectacular ‘twisted coil’ exterior design of this hotel will be a standout in Bangkok’s skyline and will reinforce the Park Hyatt brand’s long history of innovative design.”

Park Hyatt Bangkok will feature 222 rooms, including 49 suites. The hotel will include all-day dining and specialty restaurants, a lobby lounge and specialty lounge, as well as a sky bar and restaurant with magnificent views of downtown Bangkok. Park Hyatt Bangkok will also feature 15,515 square-feet of meeting space and impressive amenities including a spa, business center, fitness room and swimming pool.

“We are delighted and honored to enter into this agreement for Park Hyatt Bangkok,” said Chart Chirathivat, Managing Director - Central Embassy, Central Retail Corporation Ltd.  “The union between a prestigious brand such as Park Hyatt, which is renowned for its outstanding service standard, and Central Embassy, a world-class luxury venture, will result in the perfect, seamless integration. Having Park Hyatt as a part of the Central Embassy project will surely put this luxury retail landmark on the world map, highlighting Central Embassy’s key philosophy of Infinite Connections.”

Situated within Bangkok’s central business district on the site of the former British Embassy, Park Hyatt Bangkok will be located near premium residences, offices of major international companies, embassies and high-end retail, including Central Chidlom, one of the best performing department stores in Thailand for over 30 years. The hotel will also have easy access to local expressways, the Bangkok Transit System, and the city’s Suvarnabhumi International Airport.

“We are honored to work with Central Embassy and introduce the luxury Park Hyatt brand to Thailand. Park Hyatt Bangkok will add one of Southeast Asia’s principal business, financial and leisure destinations to the Park Hyatt brand’s impressive and expanding portfolio worldwide,” said Larry Tchou, managing director for Asia Pacific, Hyatt Hotels & Resorts. “We eagerly await the opportunity to welcome our guests from around the world to one of the region’s greatest cities.”

Currently, discerning global travelers look to Park Hyatt for luxurious, elegant accommodation and personalized, attentive service in 28 locations, including Abu Dhabi, Baku, Beaver Creek, Beijing, Buenos Aires, Canberra, Carlsbad, Chicago, Dubai, Goa, Hamburg, Istanbul, Jeddah, Melbourne, Mendoza, Milan, Moscow, Ningbo, Paris, Republic of Maldives, Saigon, Seoul, Shanghai, Sydney, Tokyo, Toronto, Washington, D.C., and Zurich.

In addition to Park Hyatt Bangkok, 17 other previously announced Park Hyatt hotels are under development in the following locations Além-Tejo, Portugal; Changbaishan, Guangzhou, Hangzhou, and Sanya Sunny Bay, China; Chennai, Delhi, Hyderabad, Jaipur, Kolkata, and Mumbai, India; Doha, Qatar; Marrakech, Morocco; New York, United States; Riyadh, Saudi Arabia, St. Georges, Bermuda and Vienna, Austria.

There are currently two other Hyatt-branded hotels in Thailand: Grand Hyatt Erawan Bangkok and Hyatt Regency Hua-Hin.