Hyatt Hotels and DB Hospitality, part of DB Group, said that Hyatt will operate five new hotel properties in India.
The properties are scheduled to open between 2010 and 2014 and will include Park Hyatt Mumbai, Grand Hyatt Goa, Grand Hyatt Pune, Hyatt Place Pune and Hyatt Place Mundra. DB Hospitality is set to develop and own the properties, which will be in major business centers.
Hyatt senior vice president of real estate and development Ratnesh Verma said the move represented Hyatt's 'commitment to expand our global footprint'.
DB Hospitality COO and executive director Julian R. Groomsaid: "This agreement will enable DB Hospitality to enhance its pan-India footprint along with globally reputed hotel management chains, as we are poised to become one of the largest bedroom asset owner in India by 2014."
Source: Hotelier Middle East - 21 Dec 2009
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