Hyatt will be the third hotel brand that will locate at the US$1.26-billion City of Dreams Manila.
Hong Kong-listed Melco Crown Entertainment Ltd. said the Hyatt brand follows the Crown Towers Hotel and Nobu Hotel that will also rise within the complex, which is scheduled to open by the third quarter of the year.
“Our integrated resort in Entertainment City in Manila Bay brings together a collection of world-class brands, including three exciting hotel brands—Crown Towers hotel, Nobu Hotel and a hotel managed by the Hyatt group—as well as a range of other entertainment and food and beverage offerings,” Melco Crown said in a statement.
“We believe this property will significantly enhance Manila’s appeal to regional tourists who are seeking a unique and world-class entertainment and gaming experience,” it added.
Melco Crown owns half of the gaming complex and pays its partner Belle Corp., which owns the other half, a monthly lease of the complex. The two also have a revenue-sharing agreement once the gaming complex started operating.