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Hyatt Regency Hotel to open 2015 in Tashkent, Uzbekistan

6 May 2013

Hyatt Hotels Corporation (NYSE: H) announced that a Hyatt affiliate has entered into a management agreement with State Unitary Enterprise (Poytaht Qurilish va Xizmat) for a Hyatt Regency hotel in Tashkent, Uzbekistan.

Scheduled to open in January 2015, Hyatt Regency Tashkent will be a significant addition to the brand's presence in the Commonwealth of Independent States (CIS), where Hyatt Regency-branded hotels are currently open in Yekaterinburg, Kiev, Baku, Bishkek, and Dushanbe. In addition to Hyatt Regency Tashkent, there are currently five Hyatt-branded hotels under development in the CIS, including Hyatt Regency Sochi, Hyatt Regency Vladivostok Golden Horn, Hyatt Burny Vladivostok, Hyatt Regency Moscow Petrovsky Park, and Hyatt Regency Rostov on Don.

"We are delighted by the plans for the first Hyatt-branded hotel in Uzbekistan," said Peter Norman, senior vice president, real estate and development, EAME for Hyatt Hotels & Resorts. "The CIS is establishing itself as both an international business hub and an attractive tourist destination, and we believe the Hyatt Regency brand and the enviable cosmopolitan location will attract international travelers visiting Tashkent. Today's announcement demonstrates our commitment to growing our brand presence in new markets."

Designed to reflect the rich cultural tradition of Uzbekistan, Hyatt Regency Tashkent will offer 300 spacious guestrooms, including 44 suites, two restaurants, a bar and lounge, more than 1,200 square meters of meeting facilities including a ballroom, and a spa and fitness club. The hotel will be designed to become the preferred venue for the international conferences and festivals for which Tashkent has long become a popular destination. Prominently located next to the National Library on the city's main street, Navoi Street, Hyatt Regency Tashkent will be close to Tashkent's many landmarks, retail outlets and government offices. The hotel will provide an ideal base for business and leisure travelers visiting the city, as well as for those who wish to travel onwards to many of Uzbekistan's famous cultural gems including Samarkand, Bukhara and Khiva.

Hyatt's hotel pipeline is larger than it has ever been, and as of December 31, 2012, it included executed management or franchise contracts for approximately 200 hotels across all brands in all of the regions in which Hyatt hotels operate.