Hyatt Hotels & Resorts and Melco Crown (Philippines) Resorts Corp. (“Melco Crown Philippines”) announced that a Hyatt affiliate and Melco Crown Philippines have entered into a management agreement for Hyatt City of Dreams Manila, which will consist of two hotel towers and is expected to open in 2014.
“We are thrilled to introduce the Hyatt brand to City of Dreams Manila, in support of Melco Crown Philippines’ strategy to further develop and enhance the appeal of one of the region’s fastest growing business and leisure destinations,” Ratnesh Verma, senior vice president, real estate and development, Asia Pacific, Hyatt Hotels & Resorts, said in statement on Thursday. “Hyatt City of Dreams Manila will represent an important milestone for us as we look to further build brand loyalty in locations where our guests are frequently traveling. Through our strong relationship with Melco Crown Entertainment Limited, Hyatt is able to develop a world-class business and leisure offering in Manila.”
“Given the strong Hyatt brand name and the hotel’s ideal location, we believe Hyatt City of Dreams Manila will attract both business leisure travelers, as well as meeting and incentive groups, from across the region,” said Clarence Chung, Chairman and President, Melco Crown Philippines.