Hyatt Announces Plans for Second Hyatt Place Hotel in Armenia
Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a contract with Jersan LLC to develop a Hyatt Place hotel in Jermuk, Armenia. Expected to open in 2015, Hyatt Place Jermuk will mark the second Hyatt-branded hotel in Armenia, joining the recently opened Hyatt Place Yerevan.