Hyatt Hotels Corp. announced Tuesday that a Hyatt affiliate has signed a management agreement with IHHR Hospitality Private Limited for five Ista hotels in India to be rebranded by Hyatt.
Under the agreement, the fully operational Ista hotels will be known as Hyatt Bangalore, Hyatt Pune, Hyatt Hyderabad, Hyatt Ahmedabad and Hyatt Amritsar. The rebranding effort is expected to be completed by March 2013.
“As a company we see a perfect fit with IHHR’s forward-thinking philosophy and vision,” said Ratnesh Verma, senior vice president, real estate and development, for Hyatt Hotels & Resorts in Asia Pacific. “This opportunity allows Hyatt to further consolidate its distribution in India and offer its customers a choice in new markets such as Bangalore, Amritsar and Ahmedabad.”
The re-branding of the five Ista hotels as Hyatt Hotels will mark the entry of the fourth brand from the company’s portfolio into India, Hyatt said. Currently, India has five Hyatt Regency hotels in Mumbai, Pune, Delhi, Chennai and Kolkata; two Grand Hyatt hotels in Mumbai and Goa; and three Park Hyatt hotels in Goa, Chennai and Hyderabad.