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Hyatt axes hotel contract in Russia
Hyatt has scrapped its contract with Hyatt Regency Moscow Petrovsky Park and ended service provisions under an existing management agreement with a Hyatt Regency hotel in Sochi.
It is to comply with ‘applicable sanctions and government directives.’
Hyatt said last month it was stopping all developments and new investments in Russia.
Hyatt’s ‘association, contracts and relationship’ with the Hyatt Regency Moscow Petrovsky Park ended last month, the company toldTPG.
Guests staying at the Hyatt Regency Sochi will no longer be eligible for World of Hyatt member benefits.
“To the extent we are able to do so, we are working with the hotel to ensure a smooth transition of operations from our management structure and brand to minimize impact on colleagues and guests,” Hyatt said.
“Members with reservations should contact the hotel directly.”
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