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.

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

October 16, 2024
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