Hyatt Hotels is set to launch a new luxury hotel in Bangkok, Thailand in 2017.

The hotel is a partnership between Hyatt Hotels Corporation and Bangkok-based real estate firm Pioneer Property Company.

Located on Sukhumvit Road Soi, Hyatt Place Bangkok will feature 220 guest rooms and seven studio suites.

Facilities will include a sky pool, fitness centre, a multi-cuisine restaurant and dedicated meeting facilities.

Hyatt Place Bangkok, Sukhumvit will join the recently announced Hyatt Regency Bangkok, Sukhumvit, which is also expected to open in 2017, and Park Hyatt Bangkok, which is expected to open in 2014.

Ratnesh Verma, senior vice president, Hyatt Hotels and Resorts said: "As the capital, principal city and economic center of Thailand, Bangkok is strategically important for both business and leisure travelers and we are grateful to have the opportunity to introduce Hyatt Place to this part of the world."

"The introduction of the Hyatt Place brand in Bangkok represents an integral stepping-stone in the company's development in this prime market."