Hyatt Announces Plans for Hyatt Regency Sochi on Black Sea
Hotel to open in late 2013 in Russian host city for 2014 Winter Games
"Hyatt Regency Sochi represents a key opportunity to increase preference for Hyatt's brands in one of Russia's top tourist destinations," said Peter Norman, senior vice president, real estate and development for Hyatt Hotels & Resorts for Europe, Africa, and Middle East. "While the 2014 Games have heightened Sochi's profile, it has long been a popular destination for travelers in the region.
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into an agreement with Yug – Novy Vek, a subsidiary of leading Russian real estate developer Snegiri Development, to manage Hyatt Regency Sochi, which is under construction and expected to open in late 2013 in Sochi, Russia, host of the 2014 Winter Games.
"Hyatt Regency Sochi represents a key opportunity to increase preference for Hyatt's brands in one of Russia's top tourist destinations," said Peter Norman, senior vice president, real estate and development for Hyatt Hotels & Resorts for Europe, Africa, and Middle East. "While the 2014 Games have heightened Sochi's profile, it has long been a popular destination for travelers in the region. Hyatt's Regency Sochi will join other Hyatt hotel's in Russia, which include Ararat Park Hyatt Moscow and Hyatt Regency Ekaterinburg."
Hyatt Regency Sochi, bordering Sochi's scenic seaside pedestrian zone, will be a stand-alone building with 200 rooms, including 26 suites, an all-day-dining and a specialty restaurant, a lobby lounge, a specialty bar and a pool bar, a ballroom and ten meeting rooms, as well as spa facilities with eight spa treatment rooms and an outdoor swimming pool. The hotel will be located at the heart of the city's historical center and will feature a pedestrian area behind the hotel that converges with the beachside promenade.
"Hyatt Regency Sochi is a priority project for us," said Sergey Demin, chief executive officer of Snegiri Development, "and we have engaged the best architects and designers from the Scottish architectural firm RMJM and the French interior designer Valode & Pistre. We have also engaged Rasen Construction, a leading Turkish contractor, for construction of this complex and unique project. We are confident that Hyatt Regency Sochi will become the center of resort life in Sochi and the premier 5-star hotel in all of the famous Black Sea Riviera."
Hyatt Regency hotels are conveniently located in urban, suburban, airport, convention and resort destinations around the world. Property sizes range from 200 rooms to more than 2,000, and feature intimate and large meeting spaces, as well as a full range of services and dining options tailored to serve the needs of conventions, business travelers or resort vacationers.
"Hyatt Regency Sochi will join the portfolio of 143 Hyatt Regency hotels around the world and will mark the first Hyatt hotel in Sochi, Russia's largest seaside, health and holiday resort destination," said Gebhard Rainer, managing director, Hyatt Hotels & Resorts - Europe, Africa, and Middle East. "We are delighted that we will be able to offer business and leisure travelers in Sochi the same authentic hospitality for which Hyatt is known worldwide."
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of June 30, 2024, the Company's portfolio included more than 1,350 hotels and all-inclusive properties in 78 countries across six continents. The Company's offering includes brands in the Timeless Collection, including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt Vacation Club®, Hyatt Place®, Hyatt House®, Hyatt Studios, and UrCove; the Boundless Collection, including Miraval®, Alila®, Andaz®, Thompson Hotels®, Dream® Hotels, Hyatt Centric®, and Caption by Hyatt®; the Independent Collection, including The Unbound Collection by Hyatt®, Destination by Hyatt®, and JdV by Hyatt®; and the Inclusive Collection, including Impression by Secrets, Hyatt Ziva®, Hyatt Zilara®, Zoëtry® Wellness & Spa Resorts, Secrets® Resorts & Spas, Breathless Resorts & Spas®, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith™, Unlimited Vacation Club®, Amstar DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.
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