The FINANCIAL — Hyatt Hotels Corporation (NYSE: H) announced on March 16 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.
“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, according to Hyatt Hotels Corporation.
“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.