Hyatt Hotels Corporation has entered into a management agreement for the first Hyatt property in the Czech Republic. The “Sugar Palace” hotel project, currently being developed by UBM Development AG, will become the new Andaz Prague. Located at Senovazne Square, only a short walk from Prague’s world-famous Old Town, the 175-room hotel is expected to open in 2022.
Originally built in 1916, the neoclassical landmark, commonly known as the Sugar Palace, features a unique architectural design and will provide unscripted access to the rich heritage and history of Prague. The most important sights can be easily reached by foot allowing guests to experience the city’s unique flair. Andaz Prague will feature three distinct food and beverage outlets, approximately 4,840ft² of event space, a fitness centre and a spa.
“Prague has been a popular destination particularly since the Velvet Revolution 30 years ago,” said Takuya Aoyama, vice president development, Hyatt. “This city of Mozart, Mucha and Hrabal continues to inspire people to explore its rich offerings. With the addition of Andaz Prague, we are excited for Hyatt to have a brand presence in the three imperial cities of Europe – Vienna, Budapest and Prague – and grow our opportunities to cater to the luxury demand.”
“It is wonderful to be working alongside Hyatt to bring the Andaz brand to the Czech Republic. This hotel has great potential for those wishing to explore Prague, and we believe that the Andaz brand is the perfect choice for this culturally rich city,” said Thomas Winkler, CEO of UBM Development AG. “With our long-standing expertise as Europe’s leading hotel developer, we will transform this truly exceptional building in a new jewel of Prague’s hotel landscape.”