A Hyatt Hotels & Resorts affiliate has entered into a management agreement with China Resources Land Limited for a Park Hyatt hotel in Qingdao, China. China Resources Land Limited is the owner of Grand Hyatt Shenzhen, which opened in 2009, and is the owner and developer of five additional Hyatt-branded hotels under development in China, including Park Hyatt Hangzhou, Grand Hyatt Dalian, Grand Hyatt Hefei, Grand Hyatt Shenyang, and Grand Hyatt Zhengzhou.

Park Hyatt Qingdao will be the second Hyatt-branded hotel in Qingdao, following the opening of Hyatt Regency Qingdao, which is slated to open at the end of 2012. Qingdao is a key economic powerhouse in Shandong Province and one of China’s most important ports. Expected to open in 2016, Park Hyatt Qingdao will be centrally located in Qingdao’s Central Business District on Shandong Road.

The hotel will be part of City Crossing, a mixed-used complex that will incorporate high-end residential buildings, serviced apartments, office space and luxury shopping facilities. Park Hyatt Qingdao will be located on the upper levels of a 250-meter-high skyscraper with office space underneath. The hotel will offer 247 guestrooms and suites, and will also feature an array of restaurants and bars, multi-purpose meeting and banquet spaces, a fitness center, a pool and a spa.

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