Hyatt Hotels Corporation (NYSE: H) announced today a management agreement between JSC Kazakh-Austrian Joint Venture 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.”
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