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Hyatt Regency Chennai
Hyatt Regency Chennai is a five-star luxury hotel located on Anna Salai at Teynampet in Chennai, India. Designed in 1986, the construction of the hotel started in the 1990s. However, the completion was delayed for nearly two decades and the hotel was opened on 10 August 2011 at a cost of 5.50 billion. Built on an 83-ground land, it is the first Hyatt hotel in South India and has 325 rooms.〔
==History==
From a map of the city in 1942, the property can be traced back to a house called "Teynampet Villa", a government property allotted to P. S. Viswanatha Iyer, ICS in the late 1940s. The area was then occupied by "Abbotsbury", a community hall, in the 1950s, which, soon after becoming the Tarapore property, was gifted to the Sai Baba of Puttaparthi, who later sold it to Magunta Subbarami Reddy, the founder of the Balaji Group of Hotels. The structure was demolished to build a luxury hotel with a helipad with about 320 rooms and 250,000 sq ft of commercial space. With the collaboration of the Oberoi Group of Hotels, Balaji Group of Hotels started building the structure in 1989 at a cost of 2.90 billion. However, after the murder of Magunta Subbarami Reddy, the group was caught in a financial crisis and the work on the project, initially named ''Magunta Oberoi'', ceased in 2000 when about 75 percent of the work was complete. Consequently, the Oberois withdrew from the project the same year and it could not be completed in time. In 2006, the unfinished property was to be acquired by Lalit Suri, for 3.90 billion. However after the death of Lalit Suri, Robust Hotels Pvt Ltd belonging to the Saraf Group purchased the unfinished hotel development from IFCI and TFCI in mid-2007 and appointed Confluence, an international consultancy firm, to manage the completion of the project, which started remodelling the structure in 2008 and completed in February 2011.〔(【引用サイトリンク】 publisher = Confluence )〕 The retail space was bought from ICICI by Ramee Guestline Hotels. With the acquisition by the Saraf Group, the hotel was opened as Hyatt Regency Chennai on 8 August 2011.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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