Hyatt Expands in Russia

Discussion in 'Hyatt | Gold Passport' started by uggboy, Sep 13, 2011.  |  Print Topic

  1. uggboy
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    uggboy Gold Member

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    Hyatt Expands in Russia:)

    Chicago-based Hyatt Hotels Corporation (H - Snapshot Report) recently announced that one of its affiliates has signed a management deal with OJSC Nash Dom-Primorye for the opening of two new hotels in Russia. Financial terms of the deal were not disclosed.

    Both the new hotels namely Hyatt Regency Vladivostok, Golden Horn and Hyatt Vladivostok, Burny are opening in Vladivostok, Russia. Vladivostok was restricted to only Russian nationals till 1992 and outsider entry was forbidden, but with the recent tie-ups between many national and international companies, the city has emerged as a key driver of growth in the country.

    The construction of the two new hotels has already started and the company targets to open both the properties before the Asia-Pacific Economic Cooperation (APEC) Summit in fall 2012. The state owned company OJSC Nash Dom is primarily accountable for this project. The project is expected to create 700 new jobs.

    http://www.zacks.com/stock/news/60591/Hyatt+Expands+in+Russia

     
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  2. HaveMilesWillTravel
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    Might be a good destination for BMI, too :D
     
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  3. FriendlySkies
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    Always nice to see more international properties sprouting up! Now if they could only add a bunch more!!
     
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  4. uggboy
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    .............into more convenient places!:p
     
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  5. FriendlySkies
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    FriendlySkies Gold Member

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