Hyatt Announces Plans for Hyatt Regency Tbilisi in the Republic of Georgia
Plans in place to convert a Tbilisi national heritage monument into a Hyatt Regency hotel
)--Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Rustaveli Property Ltd for a Hyatt Regency hotel in Tbilisi, Republic of Georgia, which is expected to open in 2017.
"We are thrilled to add this landmark property to our portfolio and further expand the number of Hyatt-branded hotels throughout Europe. This project is particularly exciting as it is a conversion of the former Ministry of Justice building, a national architectural heritage monument, into a Hyatt Regency hotel in downtown Tbilisi," said Peter Norman, senior vice president of development for Hyatt – Europe, Africa and Middle East. "We look forward to bringing the Hyatt Regency brand to the Georgian capital, and to welcoming guests to Hyatt Regency Tbilisi, a hotel that will be designed to cultivate connections and offer memorable dining experiences, stimulating recreational facilities and inspirational meeting services."
Situated on one of the most prominent streets in the vibrant capital, Rustaveli Avenue, Hyatt Regency Tbilisi will feature 170 guestrooms and suites and more than 8,100 square feet (758 square meters) of meeting space, including a ballroom, as well as four food and beverage outlets and a spa and fitness center.
"We are delighted to be working with Hyatt on this exciting development," said Roman Pipia of Rustavelli Property Ltd. "It is a great honor to be responsible for the redevelopment of such an iconic building in our capital city, and we look forward to unveiling the hotel upon completion."
Hyatt Regency Tbilisi will join more than 150 Hyatt Regency hotels around the world, including 29 existing Hyatt Regency hotels throughout Europe, Africa, Middle East, and Southwest Asia, in locations such as Berlin, Delhi, Dubai, London, and Paris.
Rustaveli Property Ltd. is a special purpose company established for the development of the Hotel, and is part of the Loyal Capital Group, founded by Mr. Roman Pipia, a Georgian businessman. Mr. Pipia's business interests include Rustavi Azot Limited, the only fertilizer production plant in the South Caucuses region and one of Georgia's biggest exporters; and FC Dinamo Tbilisi, the premier football club in the country. Rustaveli Property Ltd. has engaged Reardon Smith Architects (UK) as the project architect, AECOM as the project manager, and has selected Lynne Hunt London as the interior designer for the Hotel.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 14 premier brands. As of March 31, 2018, the Company's portfolio included more than 700 properties in more than 50 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™, Hyatt Residence Club® and exhale® brand names. For more information, please visit www.hyatt.com.