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Hyatt Announces Plans For Hyatt Regency Sentul City

Stocks in this article: H

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with PT Eka Ilalang Suryadinamika for a Hyatt Regency hotel in Sentul City, Indonesia. Hyatt Regency Sentul City will be the sixth Hyatt-branded hotel in Indonesia.

“We are delighted to enhance our brand presence in Indonesia, and Sentul City’s growth over the past few years has been impressive,” said Ratnesh Verma, senior vice president, real estate and development, Asia Pacific for Hyatt Hotels & Resorts. “The first Hyatt hotel opened in the Indonesian market more than 30 years ago, and we are very excited to further build on Hyatt’s strong brand equity and excellent portfolio of hotels in the country.”

Hyatt Regency Sentul City will be located less than 25 miles south of Jakarta on the outskirts of the satellite city of Bogor and will feature an outdoor pool, a spa and a host of meeting space. The 225-room hotel will be part of a mixed-use complex, which will be comprised of a 240,000 square foot (22,400 square meter) retail mall and 212,000 square feet (19,700 square meters) of office space.

“Given the strong Hyatt brand name and the hotel’s ideal location, we believe that the new Hyatt Regency Sentul City will attract business and leisure travelers from across the region. We are thrilled to broaden our relationship with Hyatt, and feel confident that the new project will create mutually beneficial results,” said Reina Kumala Kwee, President Director of PT Eka Ilalang Suryadinamika.

Expected to open in 2017, Hyatt Regency Sentul City will join five existing Hyatt-branded hotels in Indonesia, including Grand Hyatt Bali, Grand Hyatt Jakarta, Hyatt Regency Bandung, Hyatt Regency Yogyakarta, and Hyatt Regency Bali, which is currently under renovation and will be rebranded from Bali Hyatt.

About Hyatt Regency

Hyatt Regency offers a full range of services and facilities tailored to serve the needs of meeting planners, business travelers and leisure guests. Properties range in size from 180 to over 2,000 rooms and are conveniently located in urban, suburban, airport, convention and resort destinations around the world. Hyatt Regency convention hotels feature spacious meeting and conference facilities designed to provide a productive environment allowing guests to convene and connect. Hyatt Regency hotels in resort locations cater to couples seeking a getaway, families enjoying a vacation together and corporate groups seeking a functional and relaxed atmosphere in which to conduct business and meetings.

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