The building on Senovážné náměstí will become a hotel. via Raymond Johnston

Hyatt to open Andaz Prague hotel in Senovážné náměstí’s Sugar Palace

Hyatt's Andaz Prague hotel will open in the Sugar Industry Insurance Association building in 2022

Another luxury hotel chain is headed to Prague. Andaz, a brand of Hyatt Hotels Corporation, will manage the first Hyatt property in the Czech Republic. The hotel will be called the Andaz Prague and is expected to open in 2022. The property, located in the long-derelict Sugar Palace on Senovážné náměstí in Prague’s Old Town, is being developed by UBM Development.

This follows on Hard Rock International announcing a luxury hotel project in Prague’s Letná district, set to open in 2023.

Andaz Prague will feature 175-rooms, three food and beverage outlets, approximately 450 square meters of event space, a fitness center, and a spa.

sugar palace
Artists’s concept of a room in Andaz Prague, via Hyatt

Andaz Prague is being promoted as one of Prague’s first “luxury lifestyle hotels.” The chain says it is “a juxtaposition of heritage and modernity … echoing the sights, sounds, scents and tastes of its surroundings.” They add that the hotel will create a stay that “immerses curious travelers and neighborhood guests in the very best of its locale.”

“Prague has been a popular destination particularly since the Velvet Revolution 30 years ago. 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,” Takuya Aoyama, Hyatt’s vice president development, said in a press release.

Thomas Winkler, CEO of UBM Development, said he was pleased to be involved in the project. “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,” he said.

sugar palace
Detail of a doorway to the Sugar Palace. via Raymond Johnston

“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,” he added.

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The Andaz brand is also opening two new properties this year in Europe: Andaz Munich Schwabinger Tor and Andaz Vienna Am Belvedere. These join Andaz London Liverpool Street and Andaz Amsterdam Prinsengracht. Worldwide, the brand has 21 hotels.

Hyatt Hotels Corporation, headquartered in Chicago, has 20 brands on its portfolio. As of September 30, 2019, these included more than 875 properties in over 60 countries across six continents.

Hyatt to open Andaz Prague hotel in Senovážné náměstí’s Sugar Palace
Sugar Industry Insurance Association sign. via Raymond Johnston

UBM Development has been in operation over 145 years and is the leading hotel developer in Europe, according to its press release. Its strategic focus is on hotel, residential and office properties and on major European metropolitan areas as Vienna, Berlin, Munich or Prague.

The neoclassical former office building called the Sugar Palace was built in 1912–16 for the Sugar Industry Insurance Association. The architects were Josef Zasche and Theodor Fischer, and the facade decoration is by German sculptor Franz Metzner.

The irregular pentagon-shaped building has two courtyards and attaches to church tower Jindřišská věž by an archway. The Ministry of Culture in 1993 listed the building as a cultural monument.

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sugar palace
Sculpture detail on the Sugar Palace. via Raymond Johnston

The building in communist era housed the Ministry of Nutrition and in 1968 briefly held the National Assembly. After 1989, it was used by Investiční a Poštovní banka. It was sold to J&T group in 2006, which planned to open a hotel. That didn’t happen due to the financial crisis. It was sold again in 2014 to a Russian-backed group and then again in 2017 to UBM. At that time it was announced that a hotel called W Prague, part of the Marriott network, would open in 2020.

The building has also often been used as a backdrop to films, with historical banners and signs sometimes appearing on it. Recently, it was in the war film Resistance starring Jesse Eisenberg as Marcel Marceau. The film is slated for a 2020 release.

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