Hyatt has entered into a management agreement with real estate developers, Tavros Investment Holding, for a hotel in Almaty, Kazakhstan – set to open in 2017 as part of Hyatt’s expansion plans.

The 270-bedroom Hyatt Regency Almaty hotel will be situated on a 62,800sq ft (5,834sq m) site and will feature 41 suites, a spa, fitness centre plus three restaurants and bars. There will also be more than 16,000sq ft (1,486sq m) of meeting facilities, including a 6,450sq ft (599sq m) ballroom.

“The development of this hotel represents a significant step for Hyatt as the company expands its brand footprint in Central Asia,” said Peter Norman, senior vice president of acquisitions and development for Hyatt – Europe, Africa and Middle East.

“Given the strength and appeal of the Hyatt Regency brand, as well as the city’s location in one of the key financial centres in Central Asia, we believe the new hotel will connect both business and leisure travellers from across the region,” said president and chief executive officer, Tayfun Doskaya, of Tavros Investment Holding. “Almaty’s growing economy provides an opportunity to introduce a globally recognised brand that will resonate with the burgeoning base of business and leisure travellers.”

Located in the heart of the city centre – between Satpaev Avenue and Esentai River – the hotel will offer easy access to the business district, Almaty International Airport and the Kazakhstan Stock Exchange.

The Hyatt Regency Almaty will join more than 145 Hyatt Regency-branded hotels across the world.

Tavros Investment Holding – founded by the Turkish Tarik Celalogullari and Russian partner Rostislav Gurevich – has opened three hotels: Tavros Silk Road Tashkent in Uzbekistan, Tavros Denizli in Turkey and Tavros Oskemen in Kazakhstan. The company will open Tavros Samsun Hotel in Turkey in June 2014 and Tabros Kaliningrad Hotel in Russia in 2015. The company also has a mixed-use project underway in Krasnodar, Russia, which will open in 2015.