NYSE: H

58.36 $ +1.34 +2.35% Volume: 295,786 December 17, 2014 04:00 PM Common Stock | 20 minute delay VIEW

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Hyatt Announces Plans for Two New Hotels in Brazil December 17, 2014
Hyatt Place Sorocaba and Hyatt Place Macaé are expected to debut in 2017 By 2017, the Hyatt Place brand is expected to have three hotels in southeast Brazil: Hyatt Place São José do Rio Preto, Hyatt Place Sorocaba and Hyatt Place Macaé Hyatt Hotels Corporation (NYSE:H) and FSA Group S.A. announced today that joint venture entities formed by Hyatt affiliates and FSA Group have entered into agreements to purchase two sites in Brazil to develop Hyatt Place Sorocaba and Hyatt Place Macaé. Upon the closing of the site acquisitions, the joint venture entities will enter into agreements with FSA Group to manage the design, planning and construction of the hotels and with Hyatt affiliates to provide management services in connection with the operation of the hotels upon opening, which is expected in the first quarter of 2017. These two hotels are part of a larger master development agreement between Hyatt affiliates and FSA Group to develop a total of nine Hyatt Place hotels across Brazil....
Hyatt Announces Sale of Park Hyatt Toronto to Oxford Properties December 17, 2014
Oxford Properties Group and Hyatt Hotels Corporation (NYSE:H) today announced that Oxford Properties has purchased the 346-room Park Hyatt Toronto hotel from a Hyatt affiliate for approximately $90 million USD or $260,000 USD per key, subject to certain adjustments. Oxford intends to spend approximately $25 million USD in additional capital expenditures over the next five years. A Hyatt affiliate will continue to operate the hotel under a new hotel services agreement. “Oxford’s acquisition of Park Hyatt Toronto is in line with our stated strategy of owning highly visible, luxury and upper upscale assets with prime locations in key markets with high barriers to entry,” said Michael Kitt, Executive Vice President, Canada, Oxford. “We look forward to working together with Hyatt on a significant hotel renovation in line with the prestige of the brand and location.” ”This transaction is consistent with our asset recycling strategy and allows Hyatt to retain its luxury presence and...
Hyatt Place Marathon/Florida Keys Celebrates Official Opening December 16, 2014
Hyatt Hotels Corporation (NYSE: H) and Spottswood Companies, Inc. today announced the opening of Hyatt Place Marathon/Florida Keys , a 125-room hotel located at the historic Faro Blanco Resort and Yacht Club . “The opening of Hyatt Place Marathon/Florida Keys marks the addition of a first-class hotel in the heart of the Florida Keys and the re-opening of a landmark with Faro Blanco Marina,” said Steve Robbins, general manager. “There are many fond memories of Faro Blanco Resort and with the opening of a new Hyatt Place hotel, we are excited to bring first-class amenities and service to our community.” Hyatt Place Marathon/Florida Keys is situated at the site of the historic Faro Blanco Lighthouse . It is nearby the famous Seven Mile Bridge , and steps away from the Gulf of Mexico . The surrounding area also provides some of the best fishing and diving in the Florida Keys , with a state-of-the-art, full service marina and yacht club on the hotel grounds. Additionally, the hotel is a...
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