Hyatt Signs With Rahat JSC for Development of 292-Room Hyatt Regency Almaty, Rahat Palace Slated to Open in 2019
Hyatt Hotels Corporation (NYSE:
H) announced a management agreement between JSC Kazakh-Austrian
Joint Venture (“Rahat JSC”) and a Hyatt affiliate for the development of
Hyatt Regency Almaty, Rahat Palace. Slated to open in 2019, the
292-room hotel will be managed as Hyatt Regency Almaty, Rahat Palace.
The former Hyatt Regency Almaty operated in the same building between
1995 and 2011.
“We are delighted to announce the return of the Hyatt Regency brand
to Almaty and bring a globally recognized brand to the city that will
resonate well with the growing base of business travelers,” said Takuya
Aoyama, vice president, development for Eastern Europe, Russia & CIS
at Hyatt. “We look forward to collaborating with Rahat JSC, and believe
the hotel will be an exciting development as we build on the strength
of the Hyatt Regency brand throughout Central Asia.”
Located on Satpaev Avenue in the center of Kazakhstan's commercial and financial capital, the former Hyatt Regency hotel was a popular hub that brought together guests and locals alike. Hyatt Regency Almaty, Rahat Palace will continue to foster connections and will be designed to link business and leisure travelers to all the city has to offer. The building will undergo renovations that will offer a one-stop experience, designed with everything under one roof. Featuring smartly configured guestrooms, imaginative culinary experiences, and a multi-functional lobby, the hotel will offer a variety of places to work, connect, eat and drink. The hotel will also feature the signature Hyatt StayFit gym and an indoor swimming pool.
The Hyatt Regency brand has a long history of creating effortless experiences for groups and the hotel will be a stress-free choice for special occasions and events with its fully modernized meeting and event facilities including a 2,368 square foot ballroom.
“The Hyatt Regency brand has a special place in the history of Rahat Palace, and we look forward to this new relationship with Hyatt,” said Alexery Kravtsov, acting general director, Rahat JSC. With the combination of the strong Hyatt Regency brand experience and the excellent location, we believe Hyatt Regency Almaty, Rahat Palace will provide a vibrant stay and one-stop convenience to business and leisure travelers. The hotel will set the stage for dynamic interactions and it'll feature multiple community gathering places - areas to relax, meet, engage, and recharge.”
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
