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TheStreet Open House

First Hyatt Place Hotel In India Celebrates Opening

Stocks in this article: H

Hyatt Hotels Corporation (NYSE: H) and Chartered Hampi Hotels Private Limited today announced the opening of Hyatt Place Hampi in Karnataka, India. The hotel introduces the Hyatt Place brand to India and follows Hyatt Place San Jose/Pinares in Costa Rica as the second Hyatt Place hotel to open outside the United States. More than 20 additional Hyatt Place hotels have been previously announced throughout the country, including Hyatt Place hotels in Nagpur and Pune.

India is a key area of growth for Hyatt. Hyatt Place Hampi joins 10 hotels currently open under various Hyatt brands in the country, including Park Hyatt Hyderabad and Park Hyatt Chennai, which both opened earlier this year. Momentum will continue with more than 50 previously announced hotels under development in India across various Hyatt brands, including Hyatt Regency Gurgaon, Hyatt Regency Ludhiana, Hyatt Raipur, Andaz Gurgaon and Grand Hyatt Kochi. Additionally, Hyatt announced a multi-property deal in October to rebrand five Ista hotels in the country as Hyatt Bangalore, Hyatt Pune, Hyatt Hyderabad, Hyatt Ahmedabad and Hyatt Amritsar by March 2013.

“We are excited to bring the Hyatt Place brand to India, and we believe this continued global expansion will complement the nearly 170 Hyatt Place hotels in the United States,” said Peter Fulton, Executive Vice President, Group President – EAME/Southwest Asia, Hyatt Hotels Corporation. “As we continue to grow our brands strategically in emerging markets, we look forward to having our entire portfolio of brands represented in places where our guests are traveling.”

About Hyatt Place Hampi

Hyatt Place Hampi is an upscale, select-service hotel designed for multi-tasking travelers. The hotel is conveniently located within one kilometer of JSW Steel Limited and is in close proximity to the business centers of Bellary and Hospet. It is an ideal place for leisure travelers with the world’s largest open-air museum and UNESCO world heritage site at Hampi, just 27 kilometers away. Guests may also enjoy a visit to Kaladham, an interactive, 3D Museum providing a virtual trip to Hampi, located adjacent to the hotel.

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