Ho Chi Minh City will be home to the first Hyatt Place hotel in Vietnam.

Hyatt Hotels Corporation has announced that a Hyatt affiliate has entered into a management agreement with an affiliate of Ben Tranh Holdings to develop the new 200-key Hyatt Place Saigon Phu Nhuan. The property will also feature a cafe, bar, lobby lounge, grab-and-go cafe, outdoor pool, fitness centre and more than 2,700 square feet of meeting and event space.

“We are pleased to start our relationship with Ben Thanh Holdings with the introduction of our first select service hotel and the Hyatt Place brand into a fast-developing country like Vietnam,” said David Udell, group president, Asia-Pacific, Hyatt Hotels Corporation. “With its thoughtful, intuitive design, Hyatt Place Saigon Phy Nhuan will offer multi-tasking professionals and leisure travellers a comfortable stay equipped with all the essentials to help them get the most out of their stay.”

The hotel will be located in the Phu Nhuan district, which is considered the geographical centre of Ho Chi Minh City due to its central location and accessibility from all surrounding areas. It will be two kilometres from Tan Son Nhat International Airport and less than five kilometres from the city’s Central Business District.

“Hyatt Place Saigon Phu Nhuan’s close proximity to dynamic business zones and local attractions will help position it as the choice accommodation for value-conscious business professionals and leisure travellers,” said Tri Cao Nguyen, chairman and CEO, Ben Thanh Holdings. “We are excited to collaborate with Hyatt and tap on its wealth of experience in hospitality to introduce guests to Hyatt’s first select service hotel in Vietnam.”