The Hyatt Regency Sulaymaniyah will have 220 rooms and 1,660m2 of meeting and event space, plus a spa, restaurant, fitness centre and three pools.
The hotel is located 210 miles from Baghdad and will be the only hotel in Hawary Shar Park, a 240-acre leisure and entertainment park currently under development, which will include a shopping mall, golf course and zoological gardens.
Peter Norman, senior vice president of real estate and development for Hyatt Hotels & Resorts in Europe, Africa and the Middle East, said: "Kurdistan is a stable and prosperous area of Iraq and, as a result, the economy is growing and demand for accommodation is rising.
"There is great potential for growth in Iraq and throughout the Middle East and we look forward to introducing the Hyatt brand to guests visiting the region.
"We are certain that Hyatt Regency Sulaymaniyah will offer a full range of services, amenities and dining options that will meet the needs of both business and leisure travellers."