181-Room Hotel Will Be 2nd Hyatt-Branded Property in Qatar and 4th
Park Hyatt Hotel in the Middle East Region
CHICAGO, Oct 05, 2011 (BUSINESS WIRE) --
Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
signed an agreement with Msheireb Hospitality, a subsidiary of Msheireb
Properties, to manage Park Hyatt Doha, which is currently under
construction and expected to open in mid-2016. One of 15 Park Hyatt
hotels under development worldwide, Park Hyatt Doha will occupy a prime
location within the heart of Doha's downtown business district.
"Park Hyatt Doha will further our efforts to achieve our vision of being
the preferred brand for global travelers," said Peter Norman, Senior
Vice President - Acquisitions and Development for Hyatt International
LLC - Europe, Africa, and Middle East, "and will enhance the presence of
Hyatt-branded hotels in the Middle East."
Park Hyatt Doha will feature 181 distinctive guest rooms and suites, two
restaurants, and a terrace lounge. In addition to more than 2,000 square
meters of meeting and event space, the hotel will also include 1,750
square meters of recreation and leisure facilities, including a pool,
spa, and fitness center.
"We have been actively increasing our full-service portfolio in the
Middle East with the upcoming Park Hyatt Abu Dhabi Hotel and Villas and
Hyatt Capital Gate Abu Dhabi. Park Hyatt Doha will further add to our
luxury portfolio and offer the personalized luxury and discreet service
that Park Hyatt hotels around the world are known for," said Peter
Fulton, Managing Director, Hyatt International, South West Asia.
"We are delighted to work with Hyatt, one of the world's leading hotel
brands," said Abdul Aziz Al Emadi, CEO of Msheireb Hospitality. "Hyatt
shares our passion for creating a new hub in this part of the city,
which integrates the best elements of Doha's historical heritage with
innovative facilities."
In addition to Park Hyatt Doha, 14 other previously announced Park Hyatt
hotels are under development in the following locations Abu Dhabi,
United Arab Emirates; Além-Tejo, Portugal; St. Georges, Bermuda;
Changbaishan, Guangzhou, Hangzhou, Ningbo, and Sanya Sunny Bay, China;
Chennai, Hyderabad, and Mumbai, India; Marrakech, Morocco; New York
City, United States; and Vienna, Austria.
About Park Hyatt
Park Hyatt provides discerning, affluent business and leisure guests
with elegant and luxurious accommodations and highly attentive personal
service in an intimate environment. Located in many of the world's
premier destinations, each Park Hyatt hotel is custom designed to
combine sophistication with distinctive regional character. Park Hyatt
features well-appointed guestrooms, meeting and special event spaces for
smaller groups, critically-acclaimed art and food and beverage programs,
and signature restaurants featuring award-winning chefs. There are
currently 26 Park Hyatt hotels in locations around the world, including:
Baku, Beaver Creek, Beijing, Buenos Aires, Canberra, Chicago, Dubai,
Goa, Hamburg, Istanbul, Jeddah, Maldives, Melbourne, Mendoza, Milan,
Moscow, Paris, Saigon, San Diego, Seoul, Shanghai, Sydney, Tokyo,
Toronto, Washington D.C., and Zurich.
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 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 Summerfield Suites is being
rebranded as Hyatt HouseTM.Hyatt
Residential Group, Inc., a Hyatt Hotels Corporation
subsidiary, develops, operates, markets or licenses Hyatt
ResidencesTM and Hyatt Vacation Club(R),which is changing its name to Hyatt Residence ClubTM.
As of June 30, 2011, the Company's worldwide portfolio consisted of 456
properties in 44 countries. For more information, please visit www.hyatt.com.
About Msheireb Properties
Msheireb Properties is a real estate company and a subsidiary of Qatar
Foundation. The company was established as a commercial venture to
support the Foundation's aims, as well as the goals of Qatar's 2030
Vision.
Msheireb Properties' mission is to change the way people think about
urban living and improve their overall quality of life, through
innovations that encourage social interaction, respect for culture, and
greater care for the environment.
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 to predict.As a result, our actual results,
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or the negative of these terms or similar expressions.Such
forward-looking statements are necessarily based upon estimates and
assumptions that, while considered reasonable by us and our management,
are inherently uncertain.Factors that may cause actual results
to differ materially from current expectations include, among others,
the rate and pace of economic recovery following the recent 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
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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
or
Hyatt Hotels & Resorts
Yasmin Poonegar, +971 50 1891 262
yasmin.poonegar@hyatt.com