The FINANCIAL -- Hyatt Hotels Corporation announced today that a Hyatt
affiliate signed a management agreement with Unity Infraprojects Limited
for a Hyatt Place hotel in Nagpur, India.
Hyatt Place Nagpur marks the 24th Hyatt Place hotel under development in India, bringing the total number of announced Hyatt-branded hotels under development in India to 57.
“The development of the Hyatt Place hotels in India reflects our commitment to offering this select-service brand in one of the world’s fastest-growing markets,” said Ratnesh Verma, Senior Vice President - Real Estate and Development, Asia Pacific for Hyatt Hotels & Resorts. “We are focused on creating preference by enhancing distribution of the Hyatt Place brand in both new and established markets in India where our guests are increasingly traveling.”
“This is a great moment for our company as this is our first hospitality venture,” said Kishore K. Avarsekar, Chairman and Managing Director of Unity Infraprojects Limited. “We are delighted to be associated with an internationally renowned group like Hyatt, a company that is known for its high standards. We look forward to building on this relationship with them.”
Expected to open in 2016, Hyatt Place Nagpur will be part of mixed use development on Wardha Road, which connects the city center to the Airport . As Hyatt Hotels Corporation reported, the hotel will feature 125 guestrooms and will offer a restaurant and bar, meeting space, a fitness center, and a pool. Hyatt Place Nagpur will be located less than five miles from the city’s Airport , and will also be in close proximity to many of the city’s higher education institutions and retail areas, including Civil Lines, Ramdaspeth and Gokulpeth.