MARCH 9 UPDATE: Hyatt today issued a new statement saying the company will "suspend our development activities and any new investments in Russia, effective immediately," and the company "will continue to evaluate hotel operations in Russia, while complying with applicable sanctions and U.S. government directives as we hope for a resolution to this crisis." "Understanding that many people in Russia face challenges and uncertainty about their future as well, we are determining how best to support and care for our hotel colleagues and current guests in the country," the statement said. A Hyatt spokesman did not immediately provide details on whether the company has active development projects in Russia. Earlier: The growing list of corporations severing ties to the Russian economy doesn't include Hyatt Hotels so far. Whether that changes in the days and weeks ahead will make another high-profile statement about the reputational risk of associating even remotely with the country's invasion of Ukraine.