The Unbound Collection by Hyatt Brand to Debut in India with Plans for Noor-Us-Sabah Palace in Bhopal
Noor-Us-Sabah Palace will celebrate Bhopal's Nawabi heritage and signals global momentum for The Unbound Collection by Hyatt brand CHICAGO (August 1, 2022) – Hyatt Hotels Corporation (NYSE: H) today announced plans for the debut of The
Noor-Us-Sabah Palace will celebrate Bhopal’s Nawabi heritage and signals global momentum for The Unbound Collection by Hyatt brand
CHICAGO (August 1, 2022) – Hyatt Hotels Corporation (NYSE: H) today announced plans for the debut of The Unbound Collection by Hyatt brand in India with the signing of a management agreement for Bhopal’s Noor-Us-Sabah Palace. One of Bhopal’s oldest and most sought-after hotels, Noor-Us-Sabah Palace will undergo extensive refurbishment to join The Unbound Collection by Hyatt brand as a 60-room heritage hotel and is expected to open in 2025.
“At Hyatt, we are focused on thoughtful growth based on locations that matter most to our guests, World of Hyatt members, and customers, and introducing Hyatt’s brands across India has been a priority for us,” said Dhruva Rathore, Vice President of Development, India & Southwest Asia, Hyatt.
“Bhopal’s history and the Noor-Us-Sabah Palace’s rich Nawabi heritage make it a perfect addition to The Unbound Collection by Hyatt portfolio. This collection of independent hotels has seen great momentum across the globe, as each property invites guests to experience distinct culture and history, and we look forward to expanding The Unbound Collection by Hyatt footprint throughout the sub-continent.”Dhruva Rathore, Vice President of Development, India & Southwest Asia, Hyatt
Noor-Us-Sabah Palace will offer cultural moments for guests seeking a sophisticated yet unscripted experience. Spread across 18 acres, the hotel was originally built as a royal residence in the 1920s by Bhopal’s erstwhile ruler, Begum Sultan Jehan and it was subsequently converted into a hotel in 1998. The hotel will be completely renovated to bring alive the history and legacy of the Nawab’s royal residence through its interior design, and its storied past will be harnessed to deliver unique and authentic experiences. The hotel will also provide a distinctive and unique location for weddings and events, in addition to catering to premium business and leisure travelers. Currently situated in one of Bhopal’s most affluent neighborhoods, the hotel offers a commanding view of the Upper Lake – one of the largest artificial lakes in the nation. The hotel’s regal architecture, coupled with the legacy of Bhopal’s Nawabi culture and the hotel’s scenic landscape, offers guests an unmatched experience.
“We are delighted to work alongside Hyatt for the first hotel in India within The Unbound Collection by Hyatt portfolio,” said Sikandar Hafiz Khan, Chairman – Reliable Group, which owns Noor-Us-Sabah Palace. “In the last 25 years, Noor-Us-Sabah has successfully established itself as an exemplary destination for those seeking a comfortable stay and delightful food, all in the environs of a historical palace. Bhopal’s heritage and history find resonance in its palaces, architecture, and culinary offerings and have always found favor amongst both Indian and international tourists. Noor-Us-Sabah Palace will continue to honor the history of the building and the city. We are certain that the combination of our expertise in India’s real estate and hospitality market and Hyatt’s international reputation will allow us to bring our vision for Noor-Us-Sabah Palace to life. With its stunning views and rich history, Noor-Us-Sabah Palace has offered guests the finest hospitality, service, and dining while continuing to stay true to its roots. This association with Hyatt will help us set a new benchmark in India for luxury and an unmatched guest experience and will be instrumental in spotlighting Bhopal as one of the premier tourist destinations with unmatched accommodation for travelers from within and beyond India.”
The Unbound Collection by Hyatt brand is a collection of truly distinctive properties, all with a different story to tell. Inspiring guests to discover new places with rich history, a fascinating past, or a distinct sense of place, each property embodies the uniqueness of its location. Once open, Noor-Us-Sabah Palace is expected to join 30 hotels within The Unbound Collection by Hyatt portfolio globally, including Carmel Valley Ranch in Carmel, California, Jinmao Hotel Lijang in Lijang, China, Hotel La Compañia in Panama City, Panama, Párisi Udvar Hotel Budapest, and Great Scotland Yard Hotel in London, as well as a number of properties in the pipeline: Magma Resort Santorini in Greece, Grand Hansa Hotel Helsinki, Fuji Speedway HOTEL in Shizuoka, Japan, Rancho Pescadero in El Pescadero, Mexico, La Zambra in Mijas, Spain, Hotel Rhodania Crans Montana in Switzerland, The Barai Hua Hin in Hua Hin, Thailand, and more.
The term “Hyatt” is used in the release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
The Unbound Collection by Hyatt
More than a compilation of independent, one-of-a-kind hotels, The Unbound Collection by Hyatt brand is a thoughtful curation of stories worth collecting. Whether it’s a modern marvel, a historic gem, or a revitalizing retreat, each property provides thought-provoking environments and experiences that inspire for guests seeking elevated yet unscripted service when they travel. For a full list of hotels in the collection, visit unboundcollection.hyatt.com. Follow @UnboundxHyatt on Facebook and Instagram and tag your photos with #UnboundxHyatt.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of March 31, 2022, the Company’s portfolio included more than 1,150 hotels and all-inclusive properties in 71 countries across six continents. The Company’s offering includes the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination by Hyatt™, Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt Zilara™, Thompson Hotels®, Hyatt Centric®, Caption by Hyatt, JdV by Hyatt™, Hyatt House®, Hyatt Place®, UrCove, and Hyatt Residence Club® brands, as well as resort and hotel brands under the AMR™ Collection, including Secrets® Resorts & Spas, Dreams® Resorts & Spas, Breathless Resorts & Spas®, Zoëtry® Wellness & Spa Resorts, Vivid Hotels & Resorts®, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Unlimited Vacation Club®, Amstar DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.
Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, risks associated with the acquisition of Apple Leisure Group (“ALG”), including the related incurrence of material additional indebtedness; our ability to realize the anticipated benefits of the acquisition of ALG as rapidly or to the extent anticipated, including successful integration of the ALG business; the duration and severity of the COVID-19 pandemic and the pace of recovery following the pandemic, any additional resurgence, or COVID-19 variants; the short and long-term effects of the COVID-19 pandemic, including on the demand for travel, transient and group business, and levels of consumer confidence; the impact of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants, and the impact of actions that governments, businesses, and individuals take in response, on global and regional economies, travel limitations or bans, and economic activity, including the duration and magnitude of its impact on unemployment rates and consumer discretionary spending; the broad distribution and efficacy of COVID-19 vaccines and treatments, wide acceptance by the general population of such vaccines, and the availability, use, and effectiveness of COVID-19 testing, including at-home testing kits; the ability of third-party owners, franchisees, or hospitality venture partners to successfully navigate the impacts of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and the pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geo-political conditions, including political or civil unrest or changes in trade policy; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters such as earthquakes, tsunamis, tornadoes, hurricanes, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; our ability to successfully achieve certain levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party property owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and the introduction of new brand concepts; the timing of acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to successfully execute on our strategy to expand our management and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; declines in the value of our real estate assets; unforeseen terminations of our management or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, including as a result of the COVID-19 pandemic, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; violations of regulations or laws related to our franchising business; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K and our Quarterly Reports on Form 10-Q, which filings are available from the SEC. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
# # #