Hyatt prepares to enter the Island of Love [Construction Report]
Hospitality giant Hyatt Hotels Corporation is on its way to Cyprus for the first time after striking a deal to open a 300-room Grand Hyatt hotel overlooking the Mediterranean in 2025.
Hyatt is continuing to expand its European footprint with the news that it will soon make a dramatic debut on the popular Mediterranean island of Cyprus. We find out more about this milestone project.
Cyprus set to welcome major new hotel
A Hyatt affiliate has just entered into a management agreement with Anolia Holdings, part of the investment and real estate development holding company Allea Group, to create Grand Hyatt Limassol.
Due to open in 2025, the 300-room newbuild will sit directly on the beachfront east of Limassol, one of the island’s most vibrant cities and only 30 minutes’ drive from Larnaca International Airport. It will feature an expansive 43,000 sq ft beach club with state-of-the-art spa and fitness facilities as well as three separate pools.
Meanwhile, five food and beverage venues will cater to every culinary whim, 15,000 sq ft of event space will offer the perfect location for celebrations, and the hotel’s 150,000 sq ft public garden and promenades will deliver spectacular views over the Mediterranean.
The property is expected to form a key element of Zaria Resort, a mixed-use luxury development that also includes residential apartments and private villas.
“We are thrilled to team up with Hyatt on this development,” said Alexander Iakovlev, director of Anolia Holdings. “The Grand Hyatt brand is synonymous with luxury and creating unique experiences for guests which remain authentic to the destination itself.”
“In addition, given Limassol’s status as a financial capital of Cyprus, the hotel will not only attract leisure guests but may also prove popular for business travellers, conference-goers and event attendees. We are eager to see Grand Hyatt Limassol become the heart of the Zaria Resort development.”
Hyatt’s big plans for Europe
The announcement represents a logical next step for Hyatt considering the company’s rapid expansion in Europe recently. Nine new properties, including Great Scotland Yard in London, Hyatt Centric Dublin, Andaz Vienna Am Belvedere and Hyatt Regency Chantilly, were launched in the region in 2019, and four more openings are due this year.
The opportunity of running a hotel in Cyprus, known as the Island of Love because it was the birthplace of Greek goddess Aphrodite, will allow Hyatt to build upon its existing portfolio in locations like Malta, Athens and Izmir. Cyprus has also proven popular among key strategic markets for the company, such as the UK, Greece, Russia, Germany and the Middle East.
“We’re delighted to work with Anolia Holdings Limited to bring the Grand Hyatt brand, known for its access to iconic locales, to the island of Cyprus, one of the most popular tourist destinations in Europe,” said Takuya Aoyama, vice president development for Europe and Africa, Hyatt. “Grand Hyatt Limassol represents a key element of our growth strategy in Europe as we continue to seek opportunities to extend our resort footprint in the Mediterranean.”
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