As we continue our international growth, we're excited to share the latest news about our growth in Russia. We recently announced that we've entered into an agreement with Yug -- Novy Vek, a subsidiary of leading Russian real estate developer Snegiri Development, to manage Hyatt Regency Sochi, which is under construction and expected to open in late 2013. This is great timing since Sochi will play host to the 2014 Winter Games.

Today's Friday Photo features a rendering of the hotel – it will be located along Sochi's scenic seaside pedestrian zone and will include 200 rooms, an all-day dining and specialty restaurant, a lobby lounge, a specialty bar and pool bar, a ballroom, ten meeting rooms, eight spa treatment rooms and an outdoor pool.

In case you're not familiar with Sochi (sô'chĭ) is located along the shores of the Black Sea and is Russia's largest resort city. Sochi features scenic views of the Caucasus Mountains, pebble and sand beaches, numerous parks and monuments, and subtropical vegetation – all which keep vacation-goers coming back every year.

We'll bring you all the highlights as the hotel gets underway!