Hyatt has entered into a management agreement with an affiliate of Olympus Property Holding to develop a new Hyatt Regency hotel in London.
The 196-room hotel is due to open in 2024 and will mark the eighth Hyatt-branded property and the second Hyatt Regency hotel in London.
Hyatt Regency London Olympia will add to the current portfolio of Hyatt Regency hotels in the United Kingdom, joining Hyatt Regency Birmingham, Hyatt Regency Manchester and Hyatt Regency London – The Churchill.
"We are delighted to join forces with Olympus Property Holding Limited to be part of the exciting redevelopment of the Olympia exhibition centre and bring the Hyatt Regency brand to life in this incredible new quarter of London," said Felicity Black-Roberts, VP, development, Europe, Hyatt.
She added: "Expanding Hyatt's brand footprint with these plans to add a second Hyatt Regency hotel in London contributes to our ambitious growth strategy for the U.K. and our embodies our focus on thoughtful growth in places that matter most to our guests, World of Hyatt members and customers. With its reputation as a place for people to connect, the Hyatt Regency brand will fit perfectly in this new development.”