It was heard some days back and now it has become definite that Chicago-based Hyatt Hotels Corp and the Indian real estate developer DB Hospitality Pvt. Ltd., part of DB Group, are going to initiate a new era in the Indian hotel industry. Hyatt will operate five new hotel properties in India between 2010 and 2014 and the upcoming properties include Park Hyatt Mumbai, Grand Hyatt Goa, Grand Hyatt Pune, Hyatt Place Pune and Hyatt Place Mundra.
What will be the role of DB Hospitality Pvt. Ltd. then? DB Hospitality is destined to develop and own the properties, which will be in major business centers and Hyatt will manage them. With this decision, the global hospitality company looks for to expand its marks in what it feels is the world’s most energetic emerging market.
Speaking on this, Ratnesh Verma, Senior Vice President of real estate and development for Hyatt, stated, “The introduction of five new Hyatt properties in India, one of the world’s most vibrant emerging markets, illustrates our commitment to expanding our global footprint.” “We are excited to provide our guests with access to our world-class, preferred brands in these increasingly popular markets in India.”
However this is not the first encounter of Hyatt with India. Truly speaking, Hyatt has operated properties in India since 1983. Currently, Hyatt manages five hotels in India, including Park Hyatt Goa Resort and Spa, Grand Hyatt Mumbai, Hyatt Regency Mumbai, Hyatt Regency Delhi, and Hyatt Regency Kolkata.
Among these Park Hyatt Mumbai, projected to open in the first quarter of 2014, deserves special mention. It is likely to include 255 guest rooms and 55 serviced apartments. The hotel will be part of the iconic 125-story India Tower located on Marine Lines in South Mumbai. Foster and Partners, London has been selected as the leading designers for this full-service hotel, which will include exclusive banqueting and meeting facilities.
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