Hyatt Regency forays into Iraq

Hyatt Hotels Corporation recently announced that a Hyatt-affiliate has entered into a management agreement with Claremont Group LLC. This new agreement is for a Hyatt Regency hotel in the Kurdistan region of Iraq. Expected to open in 2017, Hyatt Regency Sulaymaniyah will be the first Hyatt-branded hotel in Iraq. “Kurdistan is a stable area of Iraq, and as a result, the economy is growing and demand for lodging accommodations is rising,” said Peter Norman, senior vice president, real estate and development, for Hyatt Hotels & Resorts in Europe, Africa and the Middle East. Hyatt Regency Sulaymaniyah will offer 210 guestrooms, as well as an all-day dining restaurant, meeting and event space, a fitness center, a five-treatment room spa, and three pools. Source: Travel Daily