After a delay of 18 months, Thailand’s first Park Hyatt is set to open in the second half of 2016. Both Central Group, the owner of the Park Hyatt Bangkok, and Chicago-based Hyatt Hotels Corporation envision this to be the flagship property of the Park Hyatt brand. Located on the top floor of the Central Embassy, the hotel will have 222 rooms, three restaurants, four bars and a ballroom. Michael Golden, General Manager of the Park Hyatt Bangkok, believes that the property’s F&B operations will generate half its revenue. Mr. Golden further added that the Park Hyatt brand is very optimistic about Thailand’s tourism industry, and 2016 will be a good time to open the hotel and to welcome a full tourism recovery after the Erawan Shrine bombing that affected the industry for a short period.
HVS APAC HOSPITALITY NEWSLETTER.