Hotel will be Hyatt's first select service property in Europe
CHICAGO, Mar 07, 2011 (BUSINESS WIRE) --
Hyatt Hotels Corporation (NYSE: H) and HILLGATE Properties NV, a leading
Dutch real estate developer, announced today that a Hyatt affiliate has
entered into an agreement with an affiliate of HILLGATE Properties NV,
for the operation of a Hyatt Place hotel in the Netherlands, near
Amsterdam's Schiphol airport. Once completed in mid-2013, the property
will be the first Hyatt Place hotel to open in Europe and will mark the
introduction of Hyatt's select service brands to the European Community.
Hyatt Place Amsterdam Airport, with 330 rooms, will be located in
Hoofddorp, within close proximity to Amsterdam Schiphol airport and will
be easily accessible from the motorway A4/A5, which connects The Hague,
Rotterdam and Amsterdam. It will be 12 kilometers from Amsterdam RAI,
the main international exhibition and congress centre in northwestern
Europe. Hyatt Place Amsterdam Airport will further benefit from the
nearby Hoofddorp railway station, which provides regular services to and
from Amsterdam Schiphol airport, Amsterdam Zuidas (South Axes),
Amsterdam RAI and the city's main station, Amsterdam Centraal.
"Hyatt Place Amsterdam Airport will be the first Hyatt Place branded
hotel in Europe and Hyatt is delighted to be working with HILLGATE
Properties on this important brand introduction in such a significant
gateway city and market," said Stephen G. Haggerty, global head of real
estate and development for Hyatt Hotels Corporation. "Introducing our
select service brands in Europe, which is the destination of more than
50% of international travellers, is key to our growth strategy and we
are confident that the Hyatt Place experience will have the same appeal
to travellers in Europe as it does in the U.S."
"We are proud to develop the first Hyatt Place Hotel in Europe. The
Hyatt Place concept is unique, and we are convinced that this will be a
very successful hotel serving the Amsterdam airport market," said Johan
Poort, managing director of HILLGATE Properties N.V.
Launched in 2006, today there are more than 160 Hyatt Place hotels in
the U.S. and more than 30 under development throughout the U.S., India,
Panama and Costa Rica. Hyatt Place brings to the upscale select-service
hotel category the authentic hospitality for which Hyatt is known. Hyatt
Place Amsterdam Airport will be the second Hyatt property to open in
Amsterdam and the Netherlands, following the expected opening of Andaz
Amsterdam in 2012.
Inspired by multitasking travelers' 24/7 lifestyle, Hyatt Place combines
stylish design and practical amenities with forward-thinking technology
and purposeful service. Hyatt Place hotels feature complimentary Wi-Fi
access, complimentary continental breakfast, a StayFit@Hyatt fitness
center, a coffee and wine bar serving specialty coffees and premium wine
and beer, and a Grab 'n Go case stocked with freshly made sandwiches and
salads. Guest Kitchens offer made-to-order breakfast, lunch and dinner
entrées around the clock. Specially trained hosts offer assistance with
everything from directions to check-in to a freshly made meal.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company with a proud heritage of making guests feel
more than welcome. Thousands of members of the Hyatt family in 45
countries strive to make a difference in the lives of the guests they
encounter every day by providing authentic hospitality. The Company's
subsidiaries manage, franchise, own and develop hotels and resorts under
the Hyatt(R), Park Hyatt(R), Andaz(R),
Grand Hyatt(R), Hyatt Regency(R), Hyatt
Place(R)and Hyatt Summerfield Suites(R)brand names and have locations on six continents. Hyatt
Residential Group, Inc., a Hyatt Hotels Corporation
subsidiary, develops, operates, markets or licenses as Hyatt
ResidencesTM and Hyatt Vacation Club(R),
which is changing its name to Hyatt Residence ClubTM.
As of December 31, 2010, the company's worldwide portfolio consisted of
453 properties. For more information, please visit www.hyatt.com.
ABOUT HILLGATE Properties NV
HILLGATE Properties is active in real estate development in both the
Netherlands and abroad, with projects including office, residential,
industrial and hospitality real estate development, working on both
new-built projects and redevelopments, in an environmental friendly way.
Forward-Looking Statements
Statements in this press release, which are not historical facts, are
"forward-looking" statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements include
statements about our plans, strategies, financial performance, prospects
or future events and involve known and unknown risks that are difficult
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that may cause actual results to differ materially from current
expectations include, among others, the rate and pace of economic
recovery following the economic downturn; levels of spending in business
and leisure segments as well as consumer confidence; declines in
occupancy and average daily rate; hostilities, including future
terrorist attacks, or fear of hostilities that affect travel;
travel-related accidents; changes in the tastes and preferences of our
customers; relationships with associates and labor unions and changes in
labor law; the financial condition of, and our relationships with,
third-party property owners, franchisees and hospitality venture
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make additional updates with respect to those or other forward-looking
statements.

SOURCE: Hyatt Hotels Corporation
Hyatt Hotels Corporation
Laurie Cole
(312) 780-5935
laurie.cole@hyatt.com