Hyatt Hotels Corp has tapped partner China Resources Land to expand its brand presence across China.
They have signed a strategic collaboration agreement.
The joint venture, Yuen Kai Holdings Limited, will develop and manage hotels including six existing Mumian hotels in Beijing, Shenzhen, Chengdu, Hangzhou, and Rizhao as well as two new Mumian hotels in Shaoxing and Shanghai.
These properties are expected to become part of The Unbound Collection by Hyatt and JdV by Hyatt brands.
Additionally, Hyatt and CR Land announced a strategic agreement for the development of more Hyatt-branded hotels.
They have signed agreements for key projects such as Park Hyatt Xi’an and Andaz Dongguan.
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