Tuesday, May 13, 2008

Hyatt Corp, Lanco group sign accord on Hyatt Hyderabad

Global Hyatt Corp Monday entered into an agreement with Lanco Hills Technology Park Ltd, part of the Lanco Group, for the management of the 400-room Grand Hyatt Hyderabad.
The Grand Hyatt Hyderabad is set to open in early 2011. It will be Hyatt's second hotel in Hyderabad, following Park Hyatt Hyderabad, which is scheduled to open in early 2010.
The hotel is part of a 100-acre township being developed by Lanco Hills in Manikonda. The project is located nearly 15 km away from the new international airport at Shamshabad.

"Hyderabad is an important global destination for information technology and life science research," said Hyatt Hotels and Resorts senior vice-president for real estate and development Ratnesh Verma.

"The opening of Grand Hyatt Hyderabad is part of Global Hyatt's initiative to expand its brand presence in India. We are particularly proud to be associated with this development, with an organisation like Lanco Group and we look forward to welcoming our loyal guests to Hyderabad," added Verma.

"This is a proud moment for us since this is our first venture in the hospitality segment," said Lanco Hills director and CEO S. Pochendar.

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