CHICAGO (December 18, 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 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 ’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 , 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 .”
Hyatt has operated properties in since 1983. Currently, Hyatt manages five hotels in , 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:
For further information:
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in , 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.
DB Hospitality Pvd. Ltd., headquartered in , is part of DB Group, a leading Indian real estate development company that specializes in commercial, residential, hospitality, retail, IT Parks, and gated properties. The company is poised to become one of the largest hotel guest room owners in by 2014.
Forward Looking Statements
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E. Farley Kern
Hyatt Hotels & Resorts
+1 312 780 5506