A new five-star hotel under the Hyatt brand was recently launched with a groundbreaking ceremony near Sagar Nagar–Yendada in Visakhapatnam, Andhra Pradesh, attended by State Tourism, Culture and Cinematography Minister Kandula Durgesh along with other dignitaries.
The project, being developed by the PVR Group with an estimated investment of Rs 250 crore, will be built on a 3-acre site and is slated for completion within two years.
Addressing the gathering, Minister Kandula Durgesh said the development reflects progress on investment agreements from the recent Partnership Summit, adding that Visakhapatnam continues to grow as a tourism and business hub, with such projects contributing to the city’s overall development.
The proposed hotel will offer accommodation, dining, and conference facilities designed to meet international standards. Plans include conference halls equipped to host corporate meetings, seminars, and other events. The hotel is also expected to cater to both domestic and international visitors.
Officials stated that the project is likely to create employment opportunities for local youth, both directly and indirectly, in hospitality and service sectors.
