Hang Lung Collaborates with Hyatt to Launch Grand Hyatt Residences Kunming at Spring City 66

HONG KONG SAR / KUNMING, CHINA – Media OutReach – 26 July 2021 –  Hang Lung Properties today announced its
collaboration with global hospitality group, Hyatt, to establish the first
Grand Hyatt branded Residences for sale, in Kunming. Grand Hyatt Residences
Kunming will be the most coveted address for the city’s discerning and affluent
as it redefines the residential experience, meeting the aspirations of a new
generation. The development is the first branded Residences project under the
recently unveiled Hang Lung Residences portfolio, and will be an integral
component of the Spring City 66 development, which spans luxury retail, grade A
offices and the five-star Grand Hyatt hotel.

Grand Hyatt Residences Kunming will seamlessly connect to Spring City 66,
the only fully integrated mixed-use complex in Kunming

(Remarks: the photo is an artist’s impression for reference only)

Hang Lung Properties collaborates with Hyatt to launch Grand Hyatt Residences Kunming, the first branded Residences project under the Hang Lung Residences portfolio  

(Remarks: the photo is an artist’s impression for reference only)

Mr. Weber Lo, Chief Executive Officer of Hang Lung Properties,
said, “We are pleased to
collaborate with luxury hospitality company, Hyatt, and are confident Grand
Hyatt Residences Kunming will be the gold standard of premium living in the
city and, together with Grand Hyatt Kunming, provide the most comprehensive
range of facilities and amenities. The launch of the branded Residences in
Kunming forms an integral part of a nationwide rollout across the extensive
network of our developments, which will strengthen Hang Lung’s position as a leading national
commercial property developer. We will continue to excite our customers with
our best-in-class offerings and customer-centric focus that strives for
excellence in exceeding their aspirations.” 

Mr. David Udell, Group President, Asia Pacific, Hyatt Hotels
Corporation, said, “We are honored to collaborate with Hang Lung Properties, who
share our focus on delivering high-end experiences and operational excellence.
We are also privileged to be part of this ground-breaking project in the
capital city of Yunnan province. Grand Hyatt Residences Kunming, together with
Grand Hyatt Kunming, which will be a strategic addition to our luxury portfolio
in China when it opens, will offer elevated living accommodation in this
exciting and dynamic city.”

Grand Hyatt Residences Kunming are located in Panlong District,
the central business and commercial hub of Kunming, and will seamlessly connect
to Spring City 66, the only fully integrated mixed-use complex in Kunming. The
Residences sit above the 332-room Grand Hyatt Kunming hotel, occupying the high
zone of the 250-meter-tall building, featuring 254 apartments enjoying sweeping
views across the city, including three
immaculate penthouses, each with their own private terrace and swimming pool. Supported by Hyatt’s acclaimed hospitality and service
standards and with Hang Lung’s meticulous attention to design, quality, and
functionality, Grand Hyatt Residences Kunming are poised to become the premier
residential address of choice in the city. The project is expected to be
launched in the market in late 2022.

The term “Hyatt“ is
used in this release for convenience to refer to Hyatt Hotels Corporation and/
or one or more of its affiliates.