Lanco Hills,Grand Hyatt sign agreement for five-star hotel

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Hyderabad, May 12 (UNI) Affiliates of Global Hyatt Corporation and Lanco Hills Technology Park Private Limited, part of the Lanco Group, today announced the signing of a definitive management agreement for the 400-room Grand Hyatt Hyderabad, due to open in the city in early 2011.

The hotel will be Hyatt's second hotel in Hyderabad, following Park Hyatt Hyderabad, which is scheduled to open in early 2010.

The 400-room hotel site is part of a 100 acre township development in Manikonda called Lanco Hills around three kms from Gachibowli and HITEC city. The entire development is approximately 15 kms from the new international airport at Shamshabad and is part of the emerging CBD.

''The opening of Grand Hyatt Hyderabad is part of Global Hyatt's initiative to expand its brand presence in India. We are particularly proud to be associated with this development, with an organization like Lanco Group and we look forward to welcoming our loyal guests to Hyderabad,'' Hyatt Hotels and Resorts Senior Vice President (Real Estate and Development) Ratnesh Verma said in a press release here.

UNI VA VV PAG1745

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