Hyatt Regency Tashkent enhances brand’s presence in the Commonwealth
of Independent States
CHICAGO--(BUSINESS WIRE)--May. 3, 2013--
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt
affiliate has entered into a management agreement with State Unitary
Enterprise (Poytaht Qurilish va Xizmat) for a Hyatt Regency hotel in
Tashkent, Uzbekistan. Scheduled to open in January 2015, Hyatt Regency
Tashkent will be a significant addition to the brand’s presence in the
Commonwealth of Independent States (CIS), where Hyatt Regency-branded
hotels are currently open in Yekaterinburg, Kiev, Baku, Bishkek, and
Dushanbe. In addition to Hyatt Regency Tashkent, there are currently
five Hyatt-branded hotels under development in the CIS, including Hyatt
Regency Sochi, Hyatt Regency Vladivostok Golden Horn,
Hyatt Burny
Vladivostok, Hyatt Regency Moscow Petrovsky Park, and Hyatt Regency
Rostov on Don.
“We are delighted by the plans for the first Hyatt-branded hotel in
Uzbekistan,” said
Peter Norman
, senior vice president, real estate and
development, EAME for Hyatt Hotels & Resorts. “The CIS is establishing
itself as both an international business hub and an attractive tourist
destination, and we believe the Hyatt Regency brand and the enviable
cosmopolitan location will attract international travelers visiting
Tashkent. Today’s announcement demonstrates our commitment to growing
our brand presence in new markets.”
Designed to reflect the rich cultural tradition of Uzbekistan, Hyatt
Regency Tashkent will offer 300 spacious guestrooms, including 44
suites, two restaurants, a bar and lounge, more than 1,200 square meters
of meeting facilities including a ballroom, and a spa and fitness club.
The hotel will be designed to become the preferred venue for the
international conferences and festivals for which Tashkent has long
become a popular destination. Prominently located next to the National
Library on the city’s main street, Navoi Street, Hyatt Regency Tashkent
will be close to Tashkent’s many landmarks, retail outlets and
government offices. The hotel will provide an ideal base for business
and leisure travelers visiting the city, as well as for those who wish
to travel onwards to many of Uzbekistan’s famous cultural gems including
Samarkand, Bukhara and Khiva.
Hyatt’s hotel pipeline is larger than it has ever been, and as of
December 31, 2012, 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 offers a full range of services and facilities tailored to
serve the needs of meeting planners, business travelers and leisure
guests. Properties range in size from 180 to over 2,000 rooms and are
conveniently located in urban, suburban, airport, convention and resort
destinations around the world. Hyatt Regency convention hotels feature
spacious meeting and conference facilities designed to provide a
productive environment allowing guests to convene and connect. Hyatt
Regency hotels in resort locations cater to couples seeking a getaway,
families enjoying a vacation together and corporate groups seeking a
functional and relaxed atmosphere in which to conduct business and
meetings. www.hyattregency.com
About the State Unitary Enterprise (Poytaht Qurilish va Xizmat)
State Unitary Enterprise ''Poytaht qurilish va xizmat,'' was established
under the auspices of the City of Tashkent as a developer and owner of
the Hyatt Regency Tashkent project.
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
Forward-Looking Statements in this press release, which are not
historical facts, are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Our actual
results, performance or achievements may differ materially from those
expressed or implied by these forward-looking statements. In some cases,
you can identify forward-looking statements by the use of words such as
“may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,”
“believe,” “estimate,” “predict,” “potential,” “continue,” “likely,”
“will,” “would” and variations of these terms and similar expressions,
or the negative of these terms or similar expressions. Such
forward-looking statements are necessarily based upon estimates and
assumptions that, while considered reasonable by us and our management,
are inherently uncertain. Factors that may cause actual results to
differ materially from current expectations include, among others, the
rate and pace of economic recovery following economic downturns; levels
of spending in business and leisure segments as well as consumer
confidence; declines in occupancy and average daily rate; if our
third-party owners, franchisees or development partners are unable to
access the capital necessary to fund current operations or implement our
plans for growth; changes in the competitive environment in our industry
and the markets where we operate; our ability to access the capital
markets; and other risks discussed in the Company's filings with the
U.S. Securities and Exchange Commission, including our Annual Report on
Form 10-K, which filings are available from the SEC. We caution you not
to place undue reliance on any forward-looking statements, which are
made as of the date of this press release. We undertake no obligation to
update publicly any of these forward-looking statements to reflect
actual results, new information or future events, changes in assumptions
or changes in other factors affecting forward-looking statements, except
to the extent required by applicable laws. If we update one or more
forward-looking statements, no inference should be drawn that we will
make additional updates with respect to those or other forward-looking
statements.
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