MUMBAI, Apr 10: Hyatt Hotels, which has 55 properties and 10,500 keys in India, is actively looking at opportunities to introduce its The Standard and UrCove brands and is considering acquisitions in partnership with financial institutions and developers.
“We have 36 brands globally, of which we currently have 9 in India that will go up to 10 with the addition of The Destination in Jaipur expected this year. India is our top market presenting opportunities for all our brands. Over the next couple of years, we are looking at both organic and inorganic growth in the country, focusing on creating distinctive, experience-led destinations,” David Udell, Group President, Asia Pacific, Hyatt, said on the sidelines of the Hotel Investment Conference, South Asia (HICSA) 2026 on Thursday.
The global hospitality company is actively looking at opportunities to introduce its The Standard and UrCove brands in India, Stephen Ho, President Greater China and Growth, Asia Pacific, Hyatt, said.
“Currently, we are exploring and talking with our different partners for introducing The Standard and UrCove brands in India,” he added.
Ho further said Hyatt is even considering setting up a fund like the Atona Impact Fund in Japan to help the company acquire and develop properties in India.
Hyatt Hotels Corporation, Kiraku, Inc, and Takenaka Corporation set up the Impact Fund in Japan, which is a real estate fund that started with 20 billion yen and is currently at 153 billion yen. This fund is dedicated to actively invest in development projects under the Atona brand, a modern luxury hot spring ryokan (Japanese-style inn) — joint venture between a Hyatt affiliate and Kiraku.
Regarding the India pipeline, Udell further said Hyatt will add five new properties this calendar year, including in Bhopal, Bengaluru, Lansdowne, and The Standard in Jaipur.
“As we continue to see strong and sustained confidence in the India market, we expect to accelerate our growth, which will help us reach over 110 properties by 2030 in the country,” he added. (PTI)
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