Hyatt Signs With Rahat JSC for Development of 292-Room Hyatt Regency Almaty, Rahat Palace Slated to Open in 2019

Hyatt Regency | June 21, 2018

CHICAGO--Hyatt Hotels Corporation (NYSE: H) announced today 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, develop...