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Hyatt Regency Istanbul Expected to Open in Istanbul in January 2014

Profile Photo By: H L
November 7, 2012

Hyatt Regency Istanbul Expected to Open in Istanbul in January 2014

Hyatt Regency Istanbul Expected to Open in Istanbul in January 2014CHICAGO–(BUSINESS WIRE)–Nov. 7, 2012–?Hyatt Hotels Corporation?(NYSE: H) today announced that a Hyatt affiliate has signed an agreement for a?Hyatt Regency?hotel in?Istanbul?with Bosphorus Otelcilik ve?Yatirim Ltd.?The hotel, which will open in?January 2014, will be the third Hyatt-branded hotel in?Istanbul, joining?Grand Hyatt Istanbul?and?Park Hyatt Istanbul Ma?ka Palas.

Hyatt Regency Istanbul Atakoy?is expected to open in 2014. (c) Apeas

Hyatt Regency Istanbul Atak?y will offer 310 guestrooms, including 30 suites, with rooms ranging in size from 38 sq m to 180 sq m. The hotel will feature more than 1,700 sq m of meeting and event space, including a 1,000 sq m ballroom, two restaurants, a rooftop bar, outdoor and indoor pools, a fitness center, and a spa.?GA Design International?will be responsible for the interior design of the hotel. Located in western?Istanbul?on?Rauf Orbay Street, Hyatt Regency Istanbul Atak?y will be a short drive from Atat?rk?International Airport?and will be 10 km from Istanbul?s historic?Old Town, which is home to destinations such as the Blue Mosque,?Hagia Sofia?and the Grand Bazaar.

Stating that?Istanbul?had established itself as an important commercial hub and a major tourism destination in southeastern?Europe,?Peter Norman, Senior Vice President, Acquisitions andDevelopment for Hyatt International???Europe,?Africa, and?Middle East, said, ?The announcement ofHyatt Regency Istanbul?further underscores our commitment to building preference by expanding the number of Hyatt-branded hotels throughout Europe.?

Stating that they are proud to work with Hyatt to bring the Hyatt Regency brand to?Istanbul, Ilhan M?rsel, Managing Director, Bosphorus Hospitality & Investment said, ?We believe?Hyatt Regency Istanbul?Atak?y?s extensive meeting and event space and ideal location near Atat?rk?International Airport?will be appealing to large groups and business and leisure travelers alike.?

In addition to 146 Hyatt Regency hotels open worldwide as of?September 30, 2012, more than 30 previously announced?Hyatt Regency?hotels are under development around the world in?China,?India,Latin America,?Europe, the?Middle East, and?the United States.

For more information, please visit?hyattdevelopment.com.

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 from 180 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.?Hyatt Regency?hotels in resort locations cater to couples seeking a getaway, families enjoying a vacation together and corporate groups seeking a functional and relaxed atmosphere in which to conduct business and meetings. For more information, please visit?www.hyattregency.com.

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?brand names and have locations on six continents.?Hyatt Residential Group, Inc., a?Hyatt Hotels Corporation?subsidiary, develops, operates, markets or licenses?Hyatt ResidencesTM?andHyatt Residence ClubTM. As of?September 30, 2012, the Company’s worldwide portfolio consisted of 496 properties in 45 countries. For more information, please visit?www.hyatt.com.

About Bosphorus Hospitality & Investment

Founded in 2009, Bosphorus Hospitality & Investment has conducted significant operations in the tourism industry, and has obtained an increasing rate of growth by the leadership of its founders Tar?k Celalo?ullar?, a Meskhetian Turk, and his Partner Rostislav Gurevich, a Russian citizen. The company?s first investment was in Atak?y in 2009, and?signed an agreement for a?Hyatt Regency?hotel in Istanbul,?which is expected to open in 2014.?With a corporate objective of ?building 10 hotels in 10 years,? Bosphorus Hospitality & Investment has opened two hotels, in?Tashkent, Uzbekistan?and Denizli,?Turkey, and the company continues to develop hotels?in Oskemen,?Kazakhstan?and Samsun,Turkey, which are both expected to open in?June 2013. The company also has hotel projects underway in?Almaty,?Kazakhstan?and,?Krasnodar,?Russia, which will be open by 2014. Tar?k Celalo?ullar? andRostislav Gurevich?continue to make investments in different sectors within?Turkey,?Kazakhstan?andRussia.

Source: Hyatt Hotels Corp

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