Hyatt Announces Plans for Hyatt Regency Moscow
Expected to open in 2015, Hyatt Regency Moscow Will Be Part of Area Park Development
Hyatt Hotels Corporation (NYSE: H) and VTB Arena Park announced today that a Hyatt affiliate has entered into a management agreement for Hyatt Regency Moscow. The new property, expected to open in 2015, will be part of the Arena Park redevelopment, including Moscow?s notable Dynamo football stadium, and will sit adjacent to Petrovsky Park.
Hyatt Regency Moscow will feature 297 guestrooms, including 40 suites, and 56 fully-furnished luxury apartments. The property will also include meeting and ballroom space, four food and beverage outlets, and a fitness center and spa. In addition to the hotel, the Arena Park project will offer guests access to a new football stadium, ice hockey/basketball arena, retail and entertainment zones, offices and residences.
Hyatt Regency Moscow is expected to become a top location for meetings, trainings and social functions. The hotel anticipates guests from government and corporate sectors, including banks, consulting companies, and pharmaceutical and IT companies, which conduct business in Russia?s capital. Moscow?s prevalence as the key contributor to the national economy, make it a prime location for corporate and government travelers.
?Russia, and Moscow in particular, have a strong appeal to global business and leisure travelers, and the country?s influence is only continuing to grow,? said Peter Norman, senior vice president – acquisitions and development for Hyatt International – Europe, Africa, Middle East) LLC. ?With the addition of Hyatt Regency Moscow, which comes just months after the announcement of two new Hyatt-branded properties in Vladivostok, we are reinforcing our commitment to becoming the most preferred hotel brand for customers visiting this gateway market.?
The hotel?s affiliation with Dynamo Stadium, as well as its close proximity to public transportation, will also make it an ideal choice during sporting and entertainment events. The hotel will be located just five kilometers from the Kremlin, near key business and shopping districts in Moscow, and will be highly accessible from major roads in the city.
?Working with Hyatt on the Arena Park project is an especially exciting opportunity for us,? said Andrei Peregoudov, VTB Arena park director ?Among all the offerings at the sports and entertainment complex, Hyatt Regency Moscow will be an especially great addition to the area.?
Hyatt Regency Moscow will join three other Hyatt and Hyatt Regency hotels in development across Russia, including?Hyatt Regency Sochi; Hyatt Regency Vladivostok, Golden Horn; and Hyatt Vladivostok, Burny. Hyatt-branded hotels in Russia currently include Ararat Park Hyatt Moscow and Hyatt Regency Ekaterinburg.
In addition to 149 Hyatt Regency hotels open worldwide as of December 31, 2012, more than 30 previously announced Hyatt Regency hotels are under development around the world in China, India, Latin America, Mongolia, Russia, and the Middle East.