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Hyatt Regency Hotel to open in Sochi as part of its preparation for the 2014 Olympics

Olympic Present

In July, Snegiri Development, an investment and construction company, acting via its subsidiary South New Century, signed an agreement with Hyatt Hotels Corporation to operate its hotel, scheduled for opening in 2013, under the Hyatt Regency Sochi brand.
Commenting on the agreement, Snegiri Development CEO Sergei Demin called the project a top priority. “We are confident that it will become the center of Sochi’s resort life and become a leader among five-star hotels on Russia’s Black Sea Riviera.”
Peter Norman, Hyatt Hotels & Resorts senior vice president in charge of network development in the EMEA region, said the project will strengthen the Hyatt brand’s position on one of Russia’s key tourist markets.