Dubai, United Arab Emirates, November 27, 2007 – Hyatt Hotels & Resorts has signed an agreement to manage a new luxury resort that is being developed by Proud Resorts Koh Samui Co. Ltd., a joint venture between real estate and hospitality investment specialists, First Oriental, and the Liptapanlop family. Scheduled to open in 2009, Park Hyatt Koh Samui will comprise 90 luxurious hotel villas and a further 24 residential villas, all set on a spectacular hilltop location overlooking Thong Krut Bay on Koh Samui’s southern shoreline.
“Koh Samui’s is one of Thailand’s most popular tourist destinations with an ideal climate and good accessibility, which makes it attractive for tourism related investment. This project presents an exceptional opportunity for Hyatt to strengthen its brand portfolio in Asia Pacific,” said Willi Martin, Hyatt Area Vice President South East Asia.
Commenting on behalf of the owners and developers, Michael Evanoff of First Oriental stated: “This idyllic location on an established, exclusive resort island is sure to attract discerning hotel guests and villa owners. We believe that management by Hyatt, under the prestigious Park Hyatt brand, will deliver the perfect guest experience to complement the scale and beauty of the development”.
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PARK HYATT KOH SAMUI SET FOR 2009 OPENING- Page 2
Most of the hotel villas on the 20 hectare site are one-bedroom, 140 square metre units. There are also some larger villas with two and three bedrooms. Each has an outdoor living area, private pool, sun deck, terrace and private gardens. The design will be modern and minimalist, accented by traditional Thai architectural elements. The resort will feature a variety of international dining outlets; a spa and wellness facility offering traditional and innovative therapies and treatments. There are dedicated meeting and event services, and extensive family-friendly leisure facilities. The 24 private residences for sale are 250 square metres for the two-bedroom villas and 300 square metres for the three-bedroom villas. These are fully fitted to the same standard as the hotel villas and will be managed by Hyatt Hotels and Resorts.
Park Hyatt Koh Samui is situated on Thong Krut Bay, along Koh Samui’s southern shoreline, less than 15 minutes from Nathon, the local commercial hub, and 45 minutes from Samui Airport. The hilltop setting of the hotel offers guests spectacular views over the Gulf of Thailand and the surrounding coastline, with fishing villages, coconut farms and palm beaches. A nearby island co-owned by the owners of the resort will provide berthing for yachts and a private beach where Park Hyatt guests can relax, enjoy a variety of water sports or dine al fresco.
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