As a company we see a perfect fit with IHHR s forward-thinking philosophy and vision, said Ratnesh Verma, Senior Vice President, Real Estate and Development for Hyatt Hotels & Resorts in Asia-Pacific.
This deal will also allow IHHR to re-focus its efforts on further developments and its other brands, which include the award-winning destination spa brand Ananda in the Himalayas.
Ashok Khanna, managing director of IHHR said, "We are proud of our achievement in establishing the five Ista Hotels since the inception of the brand in 2006.
The association with IHHR comes at a particularly poignant time for us at Hyatt as we will mark 30 years since Hyatt Regency Delhi opened as the first Hyatt hotel in India.
Ista Hyderabad, the flag ship five-star business hotel is promoted by New Delhi-based IHHR
Hospitality Pvt Ltd, which owns internationally renowned Ananda Spa & Resorts in the Himalayas.
Ashok Khanna, Founder and Managing Director - IHHR
Ashok Khanna, founder of 'Ananda in the Himalayas' and Managing Director of IHHR
Hospitality [group that owns and manages 'Ananda in the Himalayas' and Ista luxury hotels], said, "With Ananda we launched a unique concept in the area of wellness and rejuvenation.