Plans in place to convert a Tbilisi national heritage monument into a Hyatt Regency hotel
)--Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Rustaveli Property Ltd for a Hyatt Regency hotel in Tbilisi, Republic of Georgia, which is expected to open in 2017.
"It is a great honor to be responsible for the redevelopment of such
an iconic building in our capital city, and we look forward to unveiling
the hotel upon completion."
"We are thrilled to add this landmark property to our portfolio and further expand the number of Hyatt-branded
hotels throughout Europe. This project is particularly exciting as it
is a conversion of the former Ministry of Justice building, a national
architectural heritage monument, into a Hyatt Regency hotel in downtown Tbilisi," said Peter Norman, senior vice president of development for Hyatt – Europe, Africa and Middle East. "We look forward to bringing the Hyatt Regency brand to the Georgian capital, and to welcoming guests to Hyatt Regency
Tbilisi, a hotel that will be designed to cultivate connections and
offer memorable dining experiences, stimulating recreational facilities
and inspirational meeting services."
Situated on one of the most prominent streets in the vibrant capital, Rustaveli Avenue, Hyatt Regency
Tbilisi will feature 170 guestrooms and suites and more than 8,100
square feet (758 square meters) of meeting space, including a ballroom,
as well as four food and beverage outlets and a spa and fitness center.
"We are delighted to be working with Hyatt
on this exciting development," said Roman Pipia of Rustavelli Property
Ltd. "It is a great honor to be responsible for the redevelopment of
such an iconic building in our capital city, and we look forward to
unveiling the hotel upon completion."
Hyatt Regency Tbilisi will join more than 150 Hyatt Regency hotels around the world, including 29 existing Hyatt Regency
hotels throughout Europe, Africa, Middle East, and Southwest Asia, in
locations such as Berlin, Delhi, Dubai, London, and Paris.
Rustaveli Property Ltd. is a special purpose company established for
the development of the Hotel, and is part of the Loyal Capital Group,
founded by Mr. Roman Pipia, a Georgian businessman. Mr. Pipia's business
interests include Rustavi Azot Limited, the only fertilizer production
plant in the South Caucuses region and one of Georgia's biggest
exporters; and FC Dinamo Tbilisi, the premier football club in the
country. Rustaveli Property Ltd. has engaged Reardon Smith Architects
(UK) as the project architect, AECOM as the project manager, and has
selected Lynne Hunt London as the interior designer for the Hotel.
Source: www.hospitalitynet.org |