Hyatt's Global Expansion of Select Service Brands Key to Enhancing
Worldwide Customer Preference
Agreements Announced for 8 Additional Full Service Hotels in China
CHICAGO, Oct 12, 2011 (BUSINESS WIRE) --
Hyatt Hotels Corporation (NYSE: H) announced today that the introduction
of its Hyatt Place(R) and Hyatt HouseTM brands in
Asia with the signing of management agreements by Hyatt affiliates for
two Hyatt Place hotels and one Hyatt House hotel in Shanghai. The
company also announced that Hyatt affiliates signed management
agreements for eight additional full service hotels in China, bringing
the total of announced Hyatt-branded hotels under development in China
to 32.
The first Hyatt House and Hyatt Place hotels in China will be located in
Shanghai's Jiading New Town and Xinjiangwan suburbs. Management
agreements have been signed for the 210-room Hyatt Place Shanghai
Jiading, the 77-room Hyatt House Shanghai Jiading, and the 150-room
Hyatt Place Shanghai Xinjiangwan.
With the announcement of its first Hyatt Place and Hyatt House
properties in China, Hyatt is taking another step in the worldwide
expansion of its select service brands, which also have properties under
development in India, Europe and Latin America. The Hyatt Place and
Hyatt House concepts are rooted in extensive consumer research and offer
casual hospitality in a smartly designed, high-tech and contemporary
environment. Research indicates that guests merge their personal and
professional lives while traveling and want a hotel that makes it easy
to do so.
"These three new hotels will mark the introduction of Hyatt's select
service brands in China," said Nong Xia, senior vice president of real
estate and development for Hyatt Hotels & Resorts in China, "and will
serve as a showcase for the Hyatt House and Hyatt Place brands as we
expand their presence to other Chinese markets to meet the needs of
increasing numbers of domestic travelers and affluent Chinese consumers.
We expect these innovative brands to be well received by Chinese
developers and guests, and believe bringing our select service offerings
to this market is an important step toward becoming the preferred
hospitality brand in China."
Hyatt House Shanghai Jiading and Hyatt Place Shanghai Jiading, expected
to open in the summer of 2014, will be part of a planned mixed use
development near the city center that will be comprised of commercial,
residential, and recreational areas. Hyatt Place Xinjiangwan, which will
be located in the Yangpu District, is expected to open in early 2015.
The additional eight executed full service management agreements for new
hotels in China being announced include three Grand Hyatt hotels and
five Hyatt Regency hotels. The Grand Hyatt hotels will be located in
Hefei, Lijiang, and on the Shenzhou Peninsula. Of the five additional
Hyatt Regency hotels, four will be located in Shanghai: Chongming,
Hongqiao, Jiading and Wujiaochang; and one will be located in Zhenjiang.
"The new agreements being announced today, along with the previously
announced properties under development, demonstrate growing confidence
among owners and developers in the strength of Hyatt-branded hotels in
China," said Steve Haggerty, global head of real estate and development
for Hyatt Hotels Corporation.
Following are details about the newly-announced full service hotels
under development.
China:
Grand Hyatt Lijiang
Lijiang is one of the most popular tourist destinations in China and
this resort hotel, at the foot of the Jade Dragon Snow Mountain, will
have 240 guest rooms and 60 suites, as well as 2,255 square meters of
meeting and event space. The hotel, expected to open in 2014, will also
feature a spa, two indoor pools, four specialty restaurants and two
lounges.
Grand Hyatt Hefei
The hotel will be located within a mixed use development in Hefei's new
municipal administration and cultural district. Featuring 318 rooms and
32 suites, three specialty restaurants, a lounge, a bar, a spa and a
fitness center, as well as 2,160 square feet of meeting and event space,
the hotel is expected to open in 2016.
Grand Hyatt Shenzhou Peninsula
This resort hotel will be located on the tropical Hainan Island, China's
second largest, and will feature 330 guest rooms. Expected opening is
2013.
Hyatt Regency Shanghai, Chongming
Linked to the Pudong area of Shanghai by the newly-constructed Shanghai
Yangtze River Tunnel and Bridge, Chongming is an emerging new suburban
destination providing a quick countryside escape for city dwellers. This
hotel, expected to open in early 2014, will feature 153 rooms and 27
suites, and 1,790 square meters of meeting and event space. The island
of Chongming, the third largest island in Greater China, is expected to
have an 18-hole golf course.
Hyatt Regency Shanghai, Hongqiao
Located in the Hongquiao International Trade Center in the Channing
District, the hotel will be in close proximity to three major exhibition
centers in the Hongqiao area, including the Shanghai international
Exhibition Center, Shanghai Mart Exhibition Center, and Shanghai
Exhibition Center, which combined have more than 50,000 square meters of
meeting and event space. Expected to open in 2014, the hotel will
feature 270 rooms and 30 suites, 1,347 square meters of meeting and
event space, a spa, fitness center, two restaurants, a bar, and a lobby
lounge.
Hyatt Regency Shanghai, Jiading
Located in northwest Shanghai's Jiading New City, an emerging suburb
with a strong master plan, the hotel will be located in the newly
developing central business district and will be located in a landmark
building over 150 meters tall. Expected to open in 2014, the hotel will
feature 289 rooms and 52 suites, 1,935 square meters of meeting and
event space, two restaurants, a lounge, a spa, and a fitness center.
Hyatt Regency Shanghai, Wujiaochang
The hotel will be located northeast of Shanghai in Yangpu District which
is home to 17 universities, 22 national laboratories, and more than 100
scientific institutes. Part of a mixed use development including an
office tower and shopping mall, the hotel will be located in a
stand-alone building and is expected to open in 2013. The hotel will
feature 333 rooms and 17 suites, 2,225 square meters of meeting and
event space, two restaurants, a lounge, pool, spa, and fitness center.
Hyatt Regency Zhenjiang
Located in the central business district in the Da Shi Kou area, at the
intersection of two main thorough fares, the hotel will be sit atop a
landmark building in Suning Plaza, a mixed use development. Expected to
open in 2014, the hotel will feature 280 rooms and 20 suites, 1,570
square feet of meeting space, a spa, fitness center, and pool, as well
as two restaurants and a lobby lounge.
Hyatt-branded hotels open and under development in Greater China
Including the recently-opened Hyatt Regency Jinan, there are currently
18 full service Hyatt-branded hotels in cities across greater China such
as Beijing, Hong Kong, Macau, Shanghai, Shenzhen, and Taipei. Expected
later this year are the openings of the highly-anticipated Andaz
Shanghai and Park Hyatt Ningbo. In addition to the new agreements
announced today, Hyatt-branded properties are also under development in
the following Chinese cities: Changbaisan, Changchun, Chengdu,
Chongqing, Dalian, Guangzhou, Hangzhou, Nanjing, Sanya Sunny Bay, Sanya
Sunny Bay, Sanya Haitang Bay, Shenyang, Suzhou, Wenzhou, Wuxi, and
Xuzhou.
Mongolia:
Hyatt also announced today that it has signed management agreements for
the first two Hyatt-branded hotels in Mongolia.
Hyatt Regency Ulaanbaatar
Less than a mile from Sukhbaatar Square, considered to be the center of
the city, and adjacent to the Dund River, this hotel will have 259
rooms, including 43 suites and 22 serviced apartments, two specialty
restaurants, a tea room, and a sky bar and lobby. The hotel, in
Mongolia's largest city and its capital, will be the center piece of MAK
Tower mixed use project and is expected to open in 2014. The hotel will
be located 8 miles from the airport and will have 23,166 square meters
of meeting and event space.
Hyatt Regency Ulaanbaatar Turtle Rock
Located within Terelj National Park 25 miles from Ulaanbaatar, adjacent
to Turtle Rock, and at the foot of Khentii Mountains, this resort hotel
will have 131 rooms, including 19 suites, and 30 traditional Mongolian
Gers. Near-by attractions include the glacial Khagiin Lake, Yestii Hot
Springs, a Buddhist Monastery, and over 250 species of birds. The hotel,
expected to open in 2015, will have 8,988 square meters of meeting and
event space, a spa, fitness center and indoor pool.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company with a proud heritage of making guests feels
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 Park
Hyatt, Andaz, Grand Hyatt, Hyatt Regency, Hyatt, Hyatt Placeand Hyatt
Housebrand 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 as Hyatt
ResidencesTMand 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.
Forward-Looking Statements
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"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
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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
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that affect travel; travel-related accidents; changes in the tastes and
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updates with respect to those or other forward-looking statements.

SOURCE: Hyatt Hotels Corporation
Hyatt Hotels & Resorts
Laurie Cole, +1 312 780 5935
laurie.cole@hyatt.com
or
Hyatt Hotels & Resorts
Daniella Wu, +852 2768 1271
daniella.wu@hyatt.com