Hyatt Hotels Corp. has announced that a Hyatt affiliate has entered into agreements with Piccadily Hotels Private Ltd. for two new Hyatt Regency hotels in India.
Hyatt Regency Gurgaonand Hyatt Regency Ludhiana will be in major information technology and manufacturing hubs in northern India.
The addition of these two hotel agreements brings the number of Hyatt-branded hotels under development in India to 55. The corporation employs 3,500 at its hotels in India, and with its new properties, including those in Gurgaon and Ludhiana, Hyatt will create 7,000 new jobs.
‘India continues to be a core focus for Hyatt, and we are proud to be working with Piccadily Hotels,’ said Ratnesh Verma, senior vice president of real estate and development for Hyatt Hotels & Resorts, Asia Pacific. ‘The Hyatt Regency brand is a perfect fit for the Gurgaon and Ludhiana markets because they are both emerging destinations for business travelers.’ The Hyatt Regency Gurgaon will have expansive meeting and convention space. The Hyatt Regency Ludhiana is the second Hyatt-branded full service hotel under development in the state of Punjab, joining Hyatt Regency Chandigarh.
The Gurgaon and Ludhiana hotels are to open later this year, said Peter Fulton, managing director for Hyatt International, South West Asia. ‘Hyatt Regency was the first brand from our portfolio to enter India 30years ago with the hotel in Delhi. As India continues to grow and develop, we believe there will be significant opportunity in this market to expand representation in urban, suburban, airport, convention and vacation destinations to meet the needs of the increasing number of business and leisure travelers.’
Kartikeya Sharma, managing director of Piccadily Hotels, said: ‘Both hotels have been designed to cater to the specific needs of the target market. Gurgaon has become the destination of choice for corporate offices across industries, and Hyatt Regency Gurgaon with its extensive meeting facilities will be a preferred convention destination. Ludhiana is a key commercial hub of North India and introducing the Hyatt Regency brand will establish new standards for hospitality in this market.’
With 55 hotels under development in India, Hyatt plans to offer its full portfolio of brands in the rapidly growing market. There are:
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