Hyatt Place Saigon District 7 & Hyatt House Saigon District 7. Credit: Business Wire.

American multinational hospitality firm Hyatt Hotels Corporation has planned to develop its first dual-brand hotel project in Ho Chi Minh City, Vietnam.

Xuan Mai Sai Gon Construction Investment Joint Stock Company has agreed to manage the development of the 69-storey tower featuring Hyatt Place and Hyatt House brands.

Construction on the tower is expected to be completed in 2023.

Hyatt Hotels Corporation Asia-Pacific group president David Udell said: “We are delighted to be working with Xuan Mai to develop Hyatt’s first dual-branded select-service hotel project featuring the Hyatt Place and Hyatt House brands in Southeast Asia.

“Whether guests are looking for short term or extended stay accommodations, the location of Hyatt Place Saigon, District 7 and Hyatt House Saigon, District 7 will put them in the heart of an up-and-coming residential, commercial and entertainment district that is well connected to Ho Chi Minh City’s central business district.”

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The 300-room Hyatt Place Saigon, District 7 will feature a café, a bar, a lobby lounge, three meeting rooms, an outdoor pool and fitness centre.

The 250-room Hyatt House Saigon, District 7 will have studios and one-bedroom suites, a bar, a lobby lounge, one meeting room, outdoor pool and fitness centre.

Xuan Mai Sài Gòn board member Bùi Khắc Sơn said: “Hyatt Place Saigon, District 7 and Hyatt House Saigon, District 7 is expected to be the centrepiece of the Eco Green Saigon development in the heart of Ho Chi Minh City’s largest district.”

A 34-acre mixed-use development, Eco Green Saigon will house residential units, office space, event space, and a primary school.