Hyatt continues its expansion of its brand in Russia with plans for
Hyatt Regency Moscow Istra Resort
The hotel will be the sixth Hyatt-branded hotel under development in
Russia
CHICAGO--(BUSINESS WIRE)--Jul. 9, 2013--
Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
has entered into a management agreement with Istra-Kurort LLC, a Russian
real estate development company, for a Hyatt Regency hotel in Moscow.
Expected to open in 2017, Hyatt Regency Moscow Istra Resort will join
the luxurious Ararat
Park Hyatt Moscow already open in the city.
Located on the shores of the famous Istra Reservoir, Hyatt Regency
Moscow Istra Resort will feature 168 guestrooms and 52 extended-stay
apartments, as well as a conference center with a 3,760 square-foot
(350-square-meter) ballroom, a spa, and a fitness center with indoor and
outdoor pools. Additionally, the hotel will offer multiple food and
beverage outlets, including an all-day-dining restaurant and a bar,
lobby lounge and a specialty restaurant with a pristine view of the
reservoir. Hyatt Regency Moscow Istra Resort is expected to become an
ideal destination for social functions, weekend getaways and off-site
corporate meetings for Moscovites, expatriates and Russian guests
visiting the capital city.
“Establishing our brand’s presence in key gateway cities like Moscow is
an integral part of our strategy to drive guest preference for
Hyatt-branded hotels in Russia, a market that continues to experience
strong growth in visitor numbers,” said
Peter Norman
, senior vice
president, real estate and development for Hyatt Hotels & Resorts. “We
are thrilled to have the opportunity for another hotel in Moscow, which
will join the already open, five-star Ararat Park Hyatt Moscow and the
currently under development Hyatt Regency Moscow Petrovsky Park. The
development of Hyatt’s brands in Moscow and Russia and the CIS remains
an absolute priority.”
“We are delighted to work with Hyatt on Hyatt Regency Moscow Istra
Resort,” said
Dmitry Badaev
, managing director, Istra-Kurort LLC. “We
believe the strength of Hyatt’s service culture and the depth of its
operational expertise will bring great value to the new hotel.”
Hyatt Regency Moscow Istra Resort will join five other Hyatt-branded
hotels currently under development across Russia, including:
Hyatt’s hotel pipeline is larger than it has ever been, and as of March
31, 2013, it included executed management or franchise contracts for
approximately 200 hotels across all brands in all of the regions in
which Hyatt hotels operate. For more information, please visit www.hyattdevelopment.com.
About Hyatt Regency
Hyatt Regency hotels are conveniently located in urban, suburban,
airport, convention and resort destinations around the world. Properties
range in size up to 2,000 rooms, feature intimate and large meeting
spaces, and offer a full range of services and dining options tailored
to serve the needs of conventions, business travelers or resort
vacationers. Hyatt Regency hotels enable all guests – whether they are
traveling to work, unwind or gather in celebration – to feel productive
and revitalized. www.hyattregency.com
About Istra-Kurort LLC
Istra-Kurort LLC is a part of Gleden Invest Group. Assets of the Group
include: Azimut Hotels (properties range in size up to 9,000 rooms and
hotels are located in Russia, Austria and Germany), Metropol Hotel 5*
located in Moscow, more than 500,000 square meters of commercial real
estate, and number of other assets. The Group is owned by Mr.
Alexander
Klyachin
.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a proud heritage of making guests feel more
than welcome. Thousands of members of the Hyatt family strive to make a
difference in the lives of the guests they encounter every day by
providing authentic hospitality. The Company's subsidiaries manage,
franchise, own and develop hotels and resorts under the Hyatt®,
Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place® and
Hyatt House® brand names and have
locations on six continents. Hyatt Residential Group, Inc.,
a Hyatt Hotels Corporation subsidiary, develops, operates,
markets or licenses Hyatt ResidencesTM
and Hyatt Residence ClubTM. As of
March 31, 2013, the Company's worldwide portfolio consisted of 508
properties in 46 countries. For more information, please visit www.hyatt.com.
Forward-Looking Statements
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historical facts, are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Our actual
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Source: Hyatt Hotels Corporation
Hyatt Hotels Corporation
Siân Martin, +1 312 780 5797
sian.martin@hyatt.com
or
Malene
Rydahl, +33 1 53 45 2838
malene.rydahl@hyatt.com