Hyatt Hotels Corporation is planning to set up additional properties with the launch of three new brands in India.
During 2012, the company will launch Hyatt Place, a mid-market brand in Karnataka, while Andaz, an upscale brand and Hyatt House, the extended stay brand will be launched in the next two to three years. While Andaz will be launched in the NCR region, Hyatt House will be set up in Mumbai. The company runs all its projects under management contracts but has invested in three of these. However, investment details have not been disclosed.
Currently, the company operates Park Hyatt, Grand Hyatt and Hyatt Regency in India.