Chicago: Hyatt Hotels on Saturday said that it will partner with Indian real estate developer DB Hospitality to operate five new hotel properties in India as the global hospitality company seeks to expand its footprint in the world’s most vibrant emerging market.
Under the management pacts between city-headquartered Hyatt and Mumbai-based DB Hospitality, part of DB Group, the five properties are slated to open between mid-2010 and early 2014.
The properties are Park Hyatt Mumbai, Grand Hyatt Goa, Grand Hyatt Pune, Hyatt Place Pune and Hyatt Place Mundra.
DB Hospitality would develop and own the properties, which would include luxury and upscale guest accommodations, serviced apartments, authentic dining options and banquet / meeting facilities.
“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,” senior vice-president of real estate and development for Hyatt Ratnesh Verma said in a statement.
Park Hyatt Mumbai is projected to open in the first quarter of 2014 and will include 255 guest rooms and 55 serviced apartments.
The full-service hotel would house exclusive banqueting and meeting facilities and be part of the iconic 125-story India Tower in South Mumbai.
Grand Hyatt Goa is under construction and is slated to open in the third quarter of 2010. It would include 314 guest rooms. Grand Hyatt Pune would open in the third quarter of 2011 and include 325 rooms and multiple dining, banquet and meeting facilities, while Hyatt Place Pune is projected to open in the first quarter of 2012 and have 130 rooms.
The 150-room Hyatt Place Mundra is slated to open in the third quarter of 2013 and would be located in the Special Economic Zone at the Mundra Port.
Hyatt has operated properties in India since 1983. Currently, it manages five hotels in India, including one in Goa, Mumbai, New Delhi and Kolkata each.