Hyatt terminates cooperation with a hotel in the center of Moscow

The American company that manages the high-end hotel chains Hyatt hotels terminates contracts and ceases cooperation with the Hyatt Regency Moscow Petrovsky Park hotel in Moscow from March 26. ''As previously announced, we have suspended development activities and all new investments in Russia. In accordance with the imposed sanctions and government directives, contracts and relationships with Hyatt Regency Moscow Petrovsky Park will terminate from 23:59 local time on March 25, 2022,'' the company said in a statement.