Hyatt Hotels, Vietnam's Thai Group sign $165 mln hotel deal - govt

Reuters/Thanh Nien News

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Hyatt Hotels Corp and Vietnam's unlisted Thai Group have agreed to build a $165-million Park Hyatt hotel project in Hanoi, the Vietnamese government said on Tuesday.
Construction of the hotel, which will comprise nearly 300 rooms including presidential suites, is due to end by 2018, the government said on its website
The deal was signed on the sidelines of the U.S.-ASEAN Summit attended by U.S. President Barack Obama and leaders from Southeast Asia in California.

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