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flag Hyatt Hotels and China Resources Land jointly form Yuen Kai Holdings to enhance Hyatt's presence in China, managing six existing Mumian hotels and developing two new sites.

flag Hyatt Hotels Corporation and China Resources Land have formed a joint venture, Yuen Kai Holdings Limited, to enhance Hyatt's presence in China. flag This partnership will manage six existing Mumian hotels and develop two new locations in Shaoxing and Shanghai, set to open in Q1 2025. flag The collaboration aims to grow Hyatt's portfolio and improve travel experiences in Greater China, leveraging both companies' strengths in hospitality and real estate.

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