Tag Archives: Ludwig Bouldoukian

Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a management agreement with South African real estate company, Millat Properties, for the first Hyatt-branded hotel in Cape Town. Hyatt Regency Cape Town, a 137-room hotel, is expected to open in December 2020, bringing the total number of Hyatt-branded hotels across Africa to eight, with two in South Africa. Hyatt affiliate has entered into a management agreement with South African real estate company, Millat Properties, to open the first Hyatt hotel in Cape Town. Hyatt Regency Cape Town, a 137-room hotel, is expected to open in December 2020, bringing the total number of Hyatt hotels across Africa to eight, with two in South Africa. The new Hyatt Regency Cape Town will be rebranded from the former Hilton Cape Town City Centre. Ludwig Bouldoukian, regional vice president of development for the Middle East and Africa, Hyatt said, “As a premier destination, Cape Town has been a top goal for us to have a Hyatt hotel, and we believe there is meaningful potential for further growth in South Africa. Hyatt Regency Cape Town is a key element of our strategy to grow thoughtfully in markets where we know our guests are travelling.” Hamza Farooqui, Chief Executive Officer of Millat Properties said, “Millat will extensively refurbish the hotel – prior to reopening – using renowned international interior designers, LW Design. Knowing Hyatt and Millat share equally high standards around the guest experience, we are delighted to bring the Hyatt Regency brand to life in this iconic location.” “The news of a Hyatt-branded property opening within the City of Cape Town is a welcome addition to the tourism sector and is a positive …

Hyatt Hotels Corporation announced a management agreement with Umm Alqura for development and construction of a Grand Hyatt branded hotel in the holy city of Makkah in the Kingdom of Saudi Arabia. Located in close proximity to the Grand Mosque, the hotel will be an integral component of the King Abdul Aziz Road (KAAR) mixed-use urban development project, designed to support one of the fastest-growing religious tourism markets in the world.  “The country’s significant strides to boost tourism complements our own commitment to creating a pipeline in markets that matter most to guests and World of Hyatt members. Consequently, the opening of Grand Hyatt Makkah will strengthen the Kingdom’s vision to attract more tourists and offer guests an elevated, luxury experience with plans to open further properties in the holy city in the near future,” said Ludwig Bouldoukian, Regional Vice President of Development, Middle East and North Africa for Hyatt. Yasser Abuateek, CEO of Umm Alqura for Development and Construction, said, “One of our key ambitions is also to add value to the local real estate market, and by introducing globally renowned brands we are making significant strides towards achieving this objective.” Peter Fulton, group president – Europe, Africa, Middle East and Southwest Asia, Hyatt, said, “Grand Hyatt Makkah is being designed to meet the unique needs of both visitors and pilgrims and is set to become its own captivating destination within this cultural and religious destination.”