News for the Hospitality Executive
DB Hospitality Pvd. Ltd. Signs Hyatt to Operate Five New Hotels in India
CHICAGO - December 20, 2009 - Hyatt Hotels Corporation (NYSE: H) and DB Hospitality Pvt. Ltd., part of DB Group, today announced management agreements under which Hyatt will operate five new hotel properties in India.
“The introduction of five new Hyatt properties in India, one of the world’s most vibrant emerging markets, illustrates our commitment to expanding our global footprint”
The properties, currently slated to open on various dates between mid-2010 and early 2014, include Park Hyatt Mumbai, Grand Hyatt Goa, Grand Hyatt Pune, Hyatt Place Pune, and Hyatt Place Mundra.
DB Hospitality Pvt. Ltd., considered one of India’s fastest-growing real estate developers, will develop and own the properties, all of which will be situated in major business centers. The plans include luxury and upscale guest accommodations, serviced apartments, authentic dining options, and banquet/meeting facilities.
“The introduction of five new Hyatt properties in India, one of the world’s most vibrant emerging markets, illustrates our commitment to expanding our global footprint,” said Ratnesh Verma, senior vice president of real estate and development for Hyatt. “We are excited to provide our guests with access to our world-class, preferred brands in these increasingly popular markets in India.”
Hyatt has operated properties in India since 1983. Currently, Hyatt manages five hotels in India, including Park Hyatt Goa Resort and Spa, Grand Hyatt Mumbai, Hyatt Regency Mumbai, Hyatt Regency Delhi, and Hyatt Regency Kolkata.
“We are proud to be partnering with Hyatt for the management of these iconic properties,” said Julian R. Groom, chief operating officer and executive director of DB Hospitality Pvt. Ltd. “Hyatt’s knowledge of the Indian market and its global reputation is consistent with our company’s pursuit of greater excellence and efforts to reach the next level of hospitality.”
The five new Hyatt properties will include:
• Park Hyatt Mumbai, projected to open in the first quarter of 2014, will include 255 guest rooms and 55 serviced apartments. The hotel will be part of the iconic 125-story India Tower located on Marine Lines in South Mumbai. Foster and Partners, London has been selected as the leading designers for this full-service hotel, which will include exclusive banqueting and meeting facilities.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 in 45 countries 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 Summerfield Suites™ brand names, and have locations under development on five continents. Hyatt Vacation Ownership, Inc., a Hyatt Hotels Corporation subsidiary, develops and operates vacation ownership properties under the Hyatt Vacation Club® brand. As of September 30, 2009, the company’s worldwide portfolio consisted of 415 properties. For more information, please visit www.hyatt.com.
About DB Hospitality Pvd. Ltd.
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.
Hyatt Hotels & Resorts
|Also See:||India Hospitality Company Emaar MGF Signs Joint Venture with Global Hyatt Corporation to Develop 20 Hyatt Place Hotels Across India / January 2008|