Hyatt Hotels Expands in Central Asia

Hyatt Hotels Corporation (H) has inked an agreement with Tavros Investment Keeping, a real estate development firm to spread out a hotel in Almaty, Kazakhstan under the Hyatt Regency brand. Slated to open in 2017, the resort will mark the return of the company in this market.

Located between Satpaev Avenue plus Esentai River, this Hyatt Regency hotel will feature 270 rooms including 41 suites which will be distribute over an area of 6, 800 square meters, and will also include meeting spaces, restaurant, bars, spa plus fitness center.

Located in the center of the city this hotel will be easily accessible from Almaty International Airport and the Kazakhstan Stock Exchange. Its location and amenities are expected to attract business in addition to leisure travelers. Almaty is one of the commercial and cultural centers of Kazakhstan and also a key financial hub in Central Asia. Taking all these into consideration, we believe that Hyatt could not have chosen a better location to re-enter the market.

Hyatt Resorts is consistently trying to expand the global presence. The company has the hotels worldwide including locations in China, India, Latin America, European countries, the Middle East, and the United States. Just last month, the company entered into an agreement with Latam Hotel Corp. for the opening of 10 Hyatt Place hotels in Central America plus Mexico.

Like Hyatt, Starwood Hotels & Resorts Worldwide Inc. (HOT) is also busy expanding the worldwide presence. Starwood Hotels recently announced that it is expanding its portfolio in the Middle East with the launch of 35 hotels. The hotels are usually slated to be opened in the next three years, bringing the count to over 80 hotels in the region. Meanwhile, another leading hotelier, Marriott International Inc. (MAR) has entered into an agreement with Oberoi Realty, the consortium led by Oberoi Real estate and Sahana Group to open the hotel in Mumbai, India under the Ritz-Carlton brand in early 2017.

Hyatt Hotels presently includes a Zacks Rank #3 (Hold). Hilton Worldwide Holdings Inc . (HLT) is a better-ranked stock in the hotel industry with a Zacks Rank #2 (Buy).

See the Full Research Report on VERY HOT
Read the Full Research Report on MAR
Read the Complete Research Report on H
Read the Full Research Report on HLT

Zacks Investment Analysis


-+011000110+-

Hyatt Hotels Corporation (H) has inked an agreement along with Tavros Investment Holding, a real estate development firm to open a resort in Almaty, Kazakhstan under the Hyatt Regency brand. Slated to open in 2017, the hotel will indicate the return of the company within this market.

Located in between Satpaev Avenue and Esentai Water, this Hyatt Regency hotel will feature 270 rooms including 41 suites which will be spread over a place of 6, 800 square meters, and will also include meeting spaces, cafe, bars, spa and fitness center.

Located in the center of the city this particular hotel will be easily accessible from Almaty International Airport and the Kazakhstan Stock Exchange. Its location and amenities are expected to attract business as well as leisure tourists. Almaty is one of the commercial and ethnic centers of Kazakhstan and also a essential financial hub in Central Asia. Taking all these into account, we believe that Hyatt could not have chosen a much better location to re-enter the market.

Hyatt Hotels is regularly trying to expand its global presence. The company has its hotels globally including locations in China, Indian, Latin America, Europe, the Middle East, and the United States. Only last month, the company entered into an agreement with Latam Hotel Corp. for the opening of 10 Hyatt Place hotels in Central America and Mexico.

Like Hyatt, Starwood Hotels & Resorts Worldwide Inc. (HOT) can also be busy expanding its worldwide presence. Starwood Hotels recently announced that it really is expanding its portfolio in the Middle East with the launch of 35 hotels. The hotels are slated to become opened in the next three years, bringing the depend to over 80 hotels in the region. In the mean time, another leading hotelier, Marriott International Inc. (MAR) has entered into an agreement along with Oberoi Realty, a consortium brought by Oberoi Realty and Sahana Group to open a hotel in Mumbai, India under the Ritz-Carlton brand name in early 2017.

Hyatt Hotels presently has a Zacks Rank #3 (Hold). Hilton Worldwide Holdings Inc . (HLT) is a better-ranked stock in the resort industry with a Zacks Rank #2 (Buy).

Read the Full Analysis Report on HOT
See the Full Research Report on SCAR
Read the Full Research Report on H
Read the Complete Research Report on HLT

Zacks Investment Research

This entry was posted in Airport Hotel News. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *