Hyatt Continues to Build on Growth in India with Plans for Hotels in Gurgaon and Ludhiana
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into agreements with Piccadily Hotels Private Limited for two new Hyatt Regency hotels in India. Hyatt Regency Gurgaon and Hyatt Regency Ludhiana will be located in major information technology and manufacturing hubs in northern India. The addition of these two hotel agreements brings the total number of Hyatt-branded hotels under development in India to 55.
?India continues to be a core focus for Hyatt, and we are proud to be working with Piccadily Hotels,? said Ratnesh Verma, senior vice president of real estate and development for Hyatt Hotels & Resorts, Asia Pacific. ?The Hyatt Regency brand is a perfect fit for the Gurgaon and Ludhiana markets because they are both emerging destinations for business travelers. The extensive meeting facilities at Hyatt Regency Gurgaon will position the hotel as a preferred meeting, convention and group destination, and Hyatt Regency Ludhiana is second Hyatt-branded full service hotel under development in the state of Punjab, joining Hyatt Regency Chandigarh.?
?We are delighted that Hyatt Regency Gurgaon and Hyatt Regency Ludhiana are expected to open later this year,? said Peter Fulton, managing director for Hyatt International, South West Asia. ?Hyatt Regency was the first brand from our portfolio to enter India thirty years ago with the hotel in Delhi. As India continues to grow and develop, we believe there will be significant opportunity in this market to expand representation in urban, suburban, airport, convention, and vacation destinations to meet the needs of the increasing number of business and leisure travelers.?
Slated to open this year, and located near Gurgaon?s Manesar industrial corridor, Hyatt Regency Gurgaon will feature 452 guestrooms. The hotel will also offer more than 42,700 sq ft (3,966 sq m) of meeting space, including a 24,000 sq ft (2,229 sq m) ballroom, which will accommodate the meeting, conference and event needs of nearby international corporations. Additional amenities include a lobby lounge, a three-meal multi-cuisine restaurant and two specialty restaurants, a bar, a gourmet store, a four-treatment room spa, a fitness center, a swimming pool, and the Regency Club lounge. The hotel is situated on the National Highway 8, which links Delhi and Jaipur, and is convenient to Delhi International Airport.
Located in Ludhiana?s commercial corridor, Ferozepur Road, Hyatt Regency Ludhiana will be close to the city?s premier shopping and commercial developments. Expected to open in late 2012, Hyatt Regency Ludhiana will offer 167 guestrooms and suites, ranging in size from 409 sq ft (38 sq m) to 1,022 sq ft (95 sq m). Additional amenities will include a three-meal restaurant, a specialty restaurant and bar, more than 7,500 sq ft (696 sq m) of meeting space, a fitness center, spa, and a swimming pool.
?We are excited to be associated with Hyatt for our upcoming properties in Gurgaon and Ludhiana,? said Kartikeya Sharma, managing director of Piccadily Hotels Private Limited. ?Both hotels have been designed to cater to the specific needs of the target market. Gurgaon has become the destination of choice for corporate offices across industries, and Hyatt Regency Gurgaon with its extensive meeting facilities will be a preferred convention destination. Ludhiana is a key commercial hub of North India and introducing the Hyatt Regency brand will establish new standards for hospitality in this market.?
With 55 hotels under development in India, Hyatt plans to offer its full portfolio of brands in the rapidly growing market. There are:
5 Park Hyatt hotels under development, in addition to two already open
2 Andaz hotels under development
4 Grand Hyatt hotels under development, in addition to two already open
1 Hyatt hotel under development
19 Hyatt Regency hotels under development, in addition to five already open
23 Hyatt Place hotels under development
1 HYATT house hotel under development
As part of this expansion, Hyatt is seeking to attract and develop high-quality talent in India in order to drive future growth. Currently, more than 3,500 associates are employed at Hyatt hotels in India, and with the development effort, it is expected that more than 7,000 new associates will be welcomed into the Hyatt family. Hyatt is investing in training curriculums and accelerated leadership programs in order to ensure that new associates support the company?s mission to deliver authentic hospitality and to develop new professional opportunities for its associates.