Hyatt Hotels Corporation and MKC–RosEvroDevelopment LLC Announce Signing of Hyatt Regency Rostov – Don Plaza
ZURICH --(BUSINESS WIRE)-- Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt subsidiary and MKC-RosEvroDevelopment LLC signed a management agreement for Hyatt Regency Rostov – Don Plaza. The 220-room hotel in Rostov, Russia will be part of a larger complex located on Bolshaya Sadovaya Street, one of the main streets of Rostov-on-Don. This new international mixed-use development will also comprise of extensive conference facilities, a retail space, and a number of luxurious serviced apartments.
Scheduled to open in the third quarter of 2011, Hyatt Regency Rostov – Don Plaza will include a wide selection of restaurants and bars, a fitness centre, an indoor pool and a spa, as well as extensive meeting and banqueting space with advanced technological features.
Hyatt Regency Rostov – Don Plaza will be the second Hyatt Regency hotel in Russia following the opening of Hyatt Regency Ekaterinburg in 2009, and the third Hyatt hotel in Russia with Ararat – Park Hyatt Moscow being the first Hyatt property in the country.
Hyatt Regency hotels offer a full range of services and dining options tailored to serve the needs of conventions, business travelers or resort vacationers. Hyatt Regency hotels enable all guests – whether they are travelling to work, unwind or gather in celebration – to feel productive and revitalized.
"We are delighted that Hyatt has been selected to provide management services for this hotel in Rostov," said Gebhard Rainer, managing director for Hyatt Hotels & Resorts in Europe, Africa, Middle East. "Hyatt will bring a creative and innovative approach to the design of Hyatt Regency Rostov – Don Plaza, and the hotel will further enhance our position in the Russian market, complementing our stylish and successful locations in Ekaterinburg and Moscow."
"We have chosen Hyatt to provide management services for the hotel due to its position as a globally recognized leader in hospitality and its extensive experience in the industry," said Igor Gorin, the chairman of Don-Plaza Group and board director of "MKC RosEvroDevelopment." He added, "We believe our business experience in the southern region will add to the success of the project."
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 in 45 countries 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 Summerfield Suites™ brand names, and have locations under development on five continents. Hyatt Vacation Ownership, Inc., a Hyatt Hotels Corporation subsidiary, develops and operates vacation ownership properties under the Hyatt Vacation Club® brand. As of December 31, 2009, the company's worldwide portfolio consisted of 424 properties.
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