Hyatt Hotels and VTB Arena Park have revealed a Hyatt affiliate has entered into a management agreement for Hyatt Regency Moscow.
The new property, expected to open in 2015, will be part of the Arena Park redevelopment, including Moscow’s notable Dynamo football stadium, and will sit adjacent to Petrovsky Park.
Hyatt Regency Moscow will feature 297 guestrooms, including 40 suites, and 56 fully-furnished luxury apartments.
The property will also include meeting and ballroom space, four food and beverage outlets, and a fitness centre and spa.
In addition to the hotel, the Arena Park project will offer guests access to a new football stadium, ice hockey/basketball arena, retail and entertainment zones, offices and residences.
Hyatt Regency Moscow is expected to become a top location for meetings, trainings and social functions.
The hotel anticipates guests from government and corporate sectors, including banks, consulting companies, and pharmaceutical and IT companies, which conduct business in Russia’s capital.
Moscow’s prevalence as the key contributor to the national economy, make it a prime location for corporate and government travellers.
“Russia, and Moscow in particular, have a strong appeal to global business and leisure travellers, and the country’s influence is only continuing to grow,” said Peter Norman, senior vice president - acquisitions and development for Hyatt International - Europe, Africa, Middle East.
“With the addition of Hyatt Regency Moscow, which comes just months after the announcement of two new Hyatt-branded properties in Vladivostok, we are reinforcing our commitment to becoming the most preferred hotel brand for customers visiting this gateway market.”
The hotel’s affiliation with Dynamo Stadium, as well as its close proximity to public transportation, will also make it an ideal choice during sporting and entertainment events.
The hotel will be located just five kilometres from the Kremlin, near key business and shopping districts in Moscow, and will be highly accessible from major roads in the city.
“Working with Hyatt on the Arena Park project is an especially exciting opportunity for us,” said Andrei Peregoudov, VTB Arena park director.
“Among all the offerings at the sports and entertainment complex, Hyatt Regency Moscow will be an especially great addition to the area.”