CHICAGO (April 25, 2012) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into agreements with Piccadily Hotels Private Limited for two new Hyatt Regency hotels in India. Hyatt Regency Gurgaon and Hyatt Regency Ludhiana will be located in major information technology and manufacturing hubs in northern India. The addition of these two hotel agreements brings the total number of Hyatt-branded hotels under development in India to 55.
“India continues to be a core focus for Hyatt, and we are proud to be working with Piccadily Hotels,” said Ratnesh Verma, senior vice president of real estate and development for Hyatt Hotels & Resorts, Asia Pacific. “The Hyatt Regency brand is a perfect fit for the Gurgaon and Ludhiana markets because they are both emerging destinations for business travelers. The extensive meeting facilities at Hyatt Regency Gurgaon will position the hotel as a preferred meeting, convention and group destination, and Hyatt Regency Ludhiana is second Hyatt-branded full service hotel under development in the state of Punjab, joining Hyatt Regency Chandigarh.”
“We are delighted that Hyatt Regency Gurgaon and Hyatt Regency Ludhiana are expected to open later this year,” said Peter Fulton, managing director for Hyatt International, South West Asia. “Hyatt Regency was the first brand from our portfolio to enter India thirty years ago with the hotel in Delhi. As India continues to grow and develop, we believe there will be significant opportunity in this market to expand representation in urban, suburban, airport, convention, and vacation destinations to meet the needs of the increasing number of business and leisure travelers.”
Slated to open this year, and located near Gurgaon’s Manesar industrial corridor, Hyatt Regency Gurgaon will feature 452 guestrooms. The hotel will also offer more than 42,700 sq ft (3,966 sq m) of meeting space, including a 24,000 sq ft (2,229 sq m) ballroom, which will accommodate the meeting, conference and event needs of nearby international corporations. Additional amenities include a lobby lounge, a three-meal multi-cuisine restaurant and two specialty restaurants, a bar, a gourmet store, a four-treatment room spa, a fitness center, a swimming pool, and the Regency Club lounge. The hotel is situated on the National Highway 8, which links Delhi and Jaipur, and is convenient to Delhi International Airport.
Located in Ludhiana’s commercial corridor, Ferozepur Road, Hyatt Regency Ludhiana will be close to the city’s premier shopping and commercial developments. Expected to open in late 2012, Hyatt Regency Ludhiana will offer 167 guestrooms and suites, ranging in size from 409 sq ft (38 sq m) to 1,022 sq ft (95 sq m). Additional amenities will include a three-meal restaurant, a specialty restaurant and bar, more than 7,500 sq ft (696 sq m) of meeting space, a fitness center, spa, and a swimming pool.
“We are excited to be associated with Hyatt for our upcoming properties in Gurgaon and Ludhiana,” said Kartikeya Sharma, managing director of Piccadily Hotels Private Limited. “Both hotels have been designed to cater to the specific needs of the target market. Gurgaon has become the destination of choice for corporate offices across industries, and Hyatt Regency Gurgaon with its extensive meeting facilities will be a preferred convention destination. Ludhiana is a key commercial hub of North India and introducing the Hyatt Regency brand will establish new standards for hospitality in this market.”
With 55 hotels under development in India, Hyatt plans to offer its full portfolio of brands in the rapidly growing market. There are:
As part of this expansion, Hyatt is seeking to attract and develop high-quality talent in India in order to drive future growth. Currently, more than 3,500 associates are employed at Hyatt hotels in India, and with the development effort, it is expected that more than 7,000 new associates will be welcomed into the Hyatt family. Hyatt is investing in training curriculums and accelerated leadership programs in order to ensure that new associates support the company’s mission to deliver authentic hospitality and to develop new professional opportunities for its associates.
About Piccadily Hotels Private Limited
Piccadily Hotels Private Limited has been a recognized leader in the lodging and hospitality industry for over 30 years. During that time, the company has built a legacy of strength, stability and innovation that has set a new industry standard. Today, the company’s hotels are recognized as some of the preeminent destinations for travelers – providing outstanding service to its guests and promising careers to team members.
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 generally range in size 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.
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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 HouseTM. Hyatt House is changing its brand identity from Hyatt Summerfield Suites®. Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt ResidencesTM and Hyatt Vacation Club®, which is changing its name to Hyatt Residence ClubTM. As of December 31, 2011, the Company's worldwide portfolio consisted of 483 properties in 45 countries. For more information, please visit www.hyatt.com.
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