Hyatt Hotels Corporation (NYSE: H) announced today the introduction of 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." 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.
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