Hyatt has entered into an agreement with Yug-Novy Vek, a subsidiary of Russian real estate developer Snegiri Development, to manage Hyatt Regency Sochi, which is under construction and expected to open in late 2013. The development is located in Sochi, on Russia’s Black Sea coast – the host city of the 2014 Winter Olympic Games.
“Hyatt Regency Sochi represents a key opportunity to increase preference for Hyatt’s brands in one of Russia’s top tourist destinations,” said Peter Norman, senior vice president of real estate and development for Hyatt Hotels & Resorts for Europe, Africa & Middle East. “While the 2014 Games have heightened Sochi’s profile, it has long been a popular destination for travellers in the region. Hyatt’s Regency Sochi will join other Hyatt hotel’s in Russia, which include Ararat Park Hyatt Moscow and Hyatt Regency Ekaterinburg.”
Hyatt Regency Sochi will be a standalone building with 200 rooms, two restaurants, three bars, a ballroom, 10 meeting rooms, a spa with eight treatment rooms and an outdoor swimming pool.
“Hyatt Regency Sochi is a priority project for us,” said Sergey Demin, chief executive officer of Snegiri Development. “We have engaged the best architects and designers from the Scottish architectural firm RMJM and the French interior designer Valode & Pistre. We have also engaged Rasen Construction, a leading Turkish contractor, for construction of this complex and unique project. We are confident that Hyatt Regency Sochi will become the centre of resort life in Sochi and the premier five-star hotel in all of the famous Black Sea Riviera.”