Over the next three years, Hyatt Hotels & Resorts plans to open four new hotels in Russia and the Commonwealth of Independent States (CIS), including one Park Hyatt hotel, one Grand Hyatt, and two Hyatt Regency properties to accommodate a growing number of affluent business travelers.
Hyatt is already the market leader in the most of Russia and the CIS, where the group has been very active since its first property opened in Baku, Azerbaijan in 1995.
“Russia is an emerging market economy, which is set to offer substantial growth and great future potential. With the new properties setting up in this country, Hyatt will be able to accommodate the increasing number of Middle East business travelers looking to exploit this above-average growth,” said Thierry Bertin,
With five hotels already in place, including Park Hyatt Moscow and Hyatt Regency Kiev, the future openings in Yekaterinburg, Tbilissi, Moscow, and Dushanbe are part of Hyatt’s regional development strategy for Russia and the CIS region.
These properties represent a further step in Hyatt’s development in Russia, and will strengthen the group’s network and brand portfolio in this region.
The Park Hyatt brand is renowned internationally for intimate, residential accommodation, providing exceptional interior design and gracious personalized service. Hyatt currently has one Park Hyatt property in Azerbaijan, Park Hyatt Baku, and one in Russia, Park Hyatt Moscow, with the addition of the up and coming Park Hyatt Tbilisi in Georgia.
The Grand Hyatt brand, known for its luxurious accommodations, dramatic architecture and state-of-the-art technology for the sophisticated global traveler, will expand in Russia with a Grand Hyatt hotel in Moscow, scheduled to open in late 2008. Integrated within Federation Towers, the centerpiece of the Moscow-City Project, Grand Hyatt Moscow will form an integral part of this mixed-use complex, which also houses serviced apartments and office space.
In addition to the recently opened Hyatt Regency Kiev, new Hyatt Regency hotels are also part of Hyatt International’s expansion plans including Hyatt Regency Dushanbe and Hyatt Regency Yekaterinburg to open between 2008 and 2009.