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Hyatt Introduces Hyatt House in India with agreement for hotel in Mumbai

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Bangalore real estate news, bangalore hospitality news, Hyderabad real estate news, hyderabad hospitality news, chennai real estate news, kerala real estate news, kerala hospitality news, chennai hospitality newsHyatt Hotels Corporation has introduced its new Hyatt House extended-stay brand in India, with the signing of a management agreement by a Hyatt affiliate for a hotel in Mumbai. The company also announced that Hyatt affiliates signed management agreements for an additional seven full-service hotels and 14 select-service hotels in India, bringing the total number of announced Hyatt-branded hotels under development in India to 53.

Hyatt House Mumbai will be located near Mumbai’s most vital commercial and industrial districts and within close proximately of Chhatrapati Shivaji International Airport. The hotel will feature 170 guestrooms, a multi-cuisine restaurant and bar, and meeting rooms, as well as a business center, fitness center and swimming pool. The Hyatt House concept, unveiled in September 2011, is rooted in extensive consumer research and offers casual hospitality in a smartly designed, high-tech and contemporary environment.

“The introduction of Hyatt House in India, combined with our decision to make India the first location outside of the U.S. for our Hyatt Place brand, reflects our commitment to offering our extended-stay and select-service brands in one of the world’s fastest-growing markets,” said Steve Haggerty, global head of real estate and development, Hyatt Hotels Corporation, who is participating as a panelist at the Hotel Investment Forum India (HIFI) conference taking place January 11-13, 2012.

“We are leveraging our more than 30-year experience in India to become the most preferred hospitality brand for a growing number of affluent, domestic travelers within the country. Guests will soon be able to enjoy our full portfolio of brands in many of India’s most popular business and leisure markets,” he said.

India Critical to Global Expansion
The introduction of Hyatt House signals the company’s continued growth in India. In addition to Hyatt House Mumbai, signed agreements cover five additional Hyatt brands: two Andaz hotels in Jaipur and Delhi; one Hyatt hotel in Raipur; 14 Hyatt Place hotels in Chakan, Delhi, Gurgaon (2), Goa, Hampi, Hyderabad, Jamshedpur, Kochi, Mohali, Munnar, Nashik, Sriperumbudur, and Thiruvananthapuram; three Hyatt Regency hotels in Raipur, Hyderabad and Neemrana; and two Park Hyatt hotels in Delhi and Jaipur.

Hyatt plans to open six new hotels in India in 2012 across its Park Hyatt, Hyatt and Hyatt Place brands. The six properties planned to open in India this year include:

Park Hyatt Hyderabad, a 209-room property with 42 serviced apartments that is scheduled to open in the first quarter, will be located on Banjara Hills nearby the scenic Hussain Sagar Lake and in close proximity to Hyderabad International Airport. The hotel will offer three food and beverage outlets, banquet and conference facilities, and recreational offerings, including a spa, fitness center, and retail space.

Park Hyatt Chennai, a 204-room hotel set to open by mid-year, will be situated in the capital city of the state of Tamil Nadu. The property will offer food and beverage outlets, banquet and conference rooms, and recreational facilities, including a spa, fitness center, and retail space.

Hyatt Raipur, a 104-room property set to open by the fourth quarter of this year, will be located in a new retail and office complex in the state of Chhattisgarh’s capital city and commercial hub. The hotel will feature a multi-cuisine restaurant and bar, ballroom and meeting space, as well as a business center, fitness center, and swimming pool.

Hyatt Place Hampi, a 116-room hotel planned to open in the third quarter, will be situated nearby the Bellary industrial district. Hampi, which features spectacular views of the Sandur ranges and is home to a group of monuments classified as a UNESCO World Heritage site, also serves as a popular leisure destination. The property will include a multi-cuisine restaurant, meeting rooms, and a fitness center, and swimming pool.

Hyatt Place Pune, Hinjewadi, a 117-room property set to open in the third quarter, will be located within the Rajiv Gandhi Infotech Park at Hinjewadi, a prominent software hub. The hotel will feature a multi-cuisine restaurant and meeting space, as well as a business center, fitness center, and swimming pool.

Hyatt Place Bangalore, Whitefield, a 200-room hotel scheduled to open in the fourth quarter, will be part of a mixed use development on Whitefield Road in Banaglore’s IT Corridor, which houses some of city’s largest technology and real estate developers. The property will include a restaurant, meeting space, and a fitness center.

“We are focused on creating preference by enhancing distribution of our full-service, extended-stay and select service brands in both new and established markets in India where our guests are increasingly travelling,” said Ratnesh Verma, Senior Vice President of real estate and development for Hyatt Hotels & Resorts in Asia. “Creating a strong presence in India with our complete brand portfolio is critical to Hyatt’s leadership in the global hospitality sector.”

With 53 hotels under development in India, Hyatt currently plans to offer its full portfolio of brands, including:

16 Hyatt Regency hotels under development, in addition to five already open 4 Grand Hyatt hotels under development, in addition to two already open 6 Park Hyatt hotels under development, in addition to one already open 23 Hyatt Place hotels under development 2 Andaz hotels under development 1 Hyatt House hotel under development 1 Hyatt hotel under development.

As part of this expansion, Hyatt is seeking to attract and develop high-quality talent in India in order to drive future growth. Currently, more than 3,500 associates are employed at Hyatt hotels in India, and with the development effort, it is expected that more than 7,000 new associates will be welcomed into the Hyatt family. Hyatt is investing in training curriculums and accelerated leadership programs in order to ensure that new associates support the company’s mission to deliver authentic hospitality and to develop new professional opportunities for its associates.

South India to see spurt in hotel rooms

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Bangalore real estate news, bangalore hospitality news, Hyderabad real estate news, hyderabad hospitality news, chennai real estate news, kerala real estate news, kerala hospitality news, chennai hospitality newsThe south Indian hospitality market would see an addition of 14,500 new rooms in 178 star hotels across southern states by the end of year 2012. Increase in rooms as against the demand, especially in cities like Chennai, would keep the room tariff from going high in the near future, according to the Southern India Hotels and Restaurants Association (SIHRA).

Currently, there are around 44,800 rooms in a total of 595 star hotels in south India — around 243 hotels in Tamil Nadu, 189 in Karnataka, 116 in Andhra Pradesh, 37 in Kerala and 10 in Puducherry. Besides, around 178 hotels in the one-to-five star categories received approval from the Government and are expected to be set up during 2012.

Speaking to the reporters after the 60th annual general meeting of SIHRA, T Natarajan, Honorary Secretary of the Association, said almost 4,000 more rooms, mainly in the premium segment, would be added in the next two years. At present, there are around 4,400 rooms.

The current occupancy rate, especially in Chennai, is around 90 per cent during tourist seasons and 65-70 per cent in offseason.

However, adding up new hotels in the lower and budget hotel segments would not see much growth with the current real estate prices. Considering the current real estate prices, setting up of one- star and two-star hotels in major places would not be viable. The star category ranges to only around three to four per cent of the total hospitality industry.

The association had earlier suggested the government to allow land on lease for hotel projects. But this has not been considered by various governments so far.

Meanwhile, the association elected Bangalore-based hotelier K Syama Raju as new President of SIHRA for the year 2011-12. Other office bearers include Jose Dominic, vice president, in charge of Kerala operations, Ramanatha Bhat, Vice President for Karnataka, K Murali Rao, Vice President for Tamil Nadu and Pondicherry, and G V Krishnaiah for Andhra Pradesh.