29 May 2014
Hyatt Hotels Corp. (NYSE: H) said that a Hyatt affiliate has entered into a contract with Jersan LLC to develop a Hyatt Place hotel in Jermuk, Armenia.
Expected to open in 2015, Hyatt Place Jermuk will mark the second Hyatt-branded hotel in Armenia, joining the recently opened Hyatt Place Yerevan.
The 88-room, new-build hotel will be situated in the centre of Jermuk Resort, a resort currently being redeveloped by the Armenian government that is known for its hot springs and providing bottled water in the area. Hyatt Place Jermuk will offer more than 1,800 square feet (170 square meters) of meeting space, an open market with made-to-order meals and snacks around the clock, a restaurant offering breakfast, lunch and dinner, a fitness centre, and an indoor and outdoor swimming pool.
Launched in 2006, the Hyatt Place brand brings to the upscale select service hotel category the authentic hospitality for which Hyatt is known. Inspired by multitasking travelers´ 24/7 lifestyle, Hyatt Place hotels combine style with casual hospitality. Its website is at www.HyattPlace.com.
Jersan LLC is an Armenian limited liability company established in 2007 to develop and own hotels and engage in tourism activities.