Press release from Business Wire
Hyatt Plans a Hyatt Regency Hotel in Tashkent, Uzbekistan
<p class='bwalignc'> <i>Hyatt Regency Tashkent enhances brand's presence in the Commonwealth of Independent States</i> </p> <p class='bwalignc'> </p>
Friday, May 03, 2013
Hyatt Plans a Hyatt Regency Hotel in Tashkent, Uzbekistan15:30 EDT Friday, May 03, 2013
CHICAGO (Business Wire) -- 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 Residences TM and Hyatt Residence Club TM . 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 .
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