Hyatt Hotels Corporation has announced that it has halted development activities and any new investments in Russia. Hyatt’s association, contracts and relationship with Hyatt Regency Moscow Petrovsky Park have terminated in compliance with applicable sanctions and government directives. Guests with questions regarding stays are encouraged to contact the hotel directly.
Hyatt said in a statement that it is "heartbroken over the devastation unfolding in Ukraine and the mounting tragedies resulting from military actions, including lives lost, families separated and the displacement of millions of people." The hospitality group says its focus remains on the safety and wellbeing of its colleagues and guests in both Ukraine and neighboring countries who face these unconscionable challenges.
The statement added that "the global Hyatt family has come together in inspiring ways to care for those impacted by this tragedy, including providing refugee accommodation across Europe, sending supplies to the people of Ukraine, job transfers for Hyatt colleagues and a relief fund for Hyatt colleagues in need of basic necessities, relocation support and care. Furthermore, World of Hyatt members are able to support the global Red Cross relief efforts via World of Hyatt points."
The group continues to evaluate its existing agreements with the third-party entities that own Hyatt hotels in Russia, while complying with applicable sanctions and government directives. The statement added that, as a global Hyatt family, it hopes for a resolution to this humanitarian crisis as quickly as possible.
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