Hyatt Place Hampi Continues Hyatt’s Growth Strategy in the Country
CHICAGO--(BUSINESS WIRE)--Dec. 13, 2012--
Hyatt
Hotels Corporation (NYSE: H) and Chartered Hampi Hotels Private
Limited today announced the opening of Hyatt
Place Hampi in Karnataka, India. The hotel introduces the Hyatt
Place brand to India and follows Hyatt
Place San Jose/Pinares in Costa Rica as the second Hyatt Place hotel
to open outside the United States. More than 20 additional Hyatt Place
hotels have been previously announced throughout the country, including
Hyatt Place hotels in Nagpur and Pune.
India is a key area of growth for Hyatt. Hyatt Place Hampi joins 10
hotels currently open under various Hyatt brands in the country,
including Park
Hyatt Hyderabad and Park
Hyatt Chennai, which both opened earlier this year. Momentum will
continue with more than 50 previously announced hotels under development
in India across various Hyatt brands, including Hyatt Regency Gurgaon,
Hyatt Regency Ludhiana, Hyatt Raipur, Andaz Gurgaon and Grand Hyatt
Kochi. Additionally, Hyatt announced a multi-property deal in October to
rebrand five Ista hotels in the country as Hyatt Bangalore, Hyatt Pune,
Hyatt Hyderabad, Hyatt Ahmedabad and Hyatt Amritsar by March 2013.
“We are excited to bring the Hyatt Place brand to India, and we believe
this continued global expansion will complement the nearly 170 Hyatt
Place hotels in the United States,” said
Peter Fulton
, Executive Vice
President, Group President – EAME/Southwest Asia, Hyatt Hotels
Corporation. “As we continue to grow our brands strategically in
emerging markets, we look forward to having our entire portfolio of
brands represented in places where our guests are traveling.”
About Hyatt Place Hampi
Hyatt Place Hampi is an upscale, select-service hotel designed for
multi-tasking travelers. The hotel is conveniently located within one
kilometer of JSW Steel Limited and is in close proximity to the business
centers of Bellary and Hospet. It is an ideal place for leisure
travelers with the world’s largest open-air museum and UNESCO world
heritage site at Hampi, just 27 kilometers away. Guests may also enjoy a
visit to Kaladham, an interactive, 3D Museum providing a virtual trip to
Hampi, located adjacent to the hotel.
“Hyatt Place Hampi is located in an unexplored destination that has a
lot to offer both domestic and foreign travelers. The hotel offers an
open, intuitive design, a warm and casual atmosphere and practical
amenities, such as complimentary Wi-Fi throughout the hotel and 24-hour
food and beverage availability,” said
Sumit Kumar
, General Manager of
Hyatt Place Hampi.
Hyatt Place Hampi offers:
-
115 spacious guestrooms, including seven rooms with private plunge
pools and three suites
-
All rooms feature a 40-inch TV, the plush Hyatt Grand Bed, a
three-seat sectional sofa or a Cozy Corner (sofa pull out bed) and
Hyatt Plug Panel media center for connecting a laptop or media device
to the TV
-
Complimentary Wi-Fi access throughout the hotel
-
Complimentary hot buffet breakfast
-
More than 3,500 square feet of flexible, hi-tech meeting and function
space
-
24/7 Market offering freshly prepared salads, sandwiches and a variety
of bottled beverages
-
Bar serving premium beer and wines
-
24/7 “Gallery,” an all-day-dining restaurant serving Indian and
Western cuisine
“Hampi is one of the most splendid historical sites in the country.
Hyatt Place Hampi’s location not only offers guests the chance to
explore Hampi but also other historical sites in North Karnataka such as
Badami, Aihole and Pattadakal,” said
Varun Saraf
, Director, Chartered
Hampi Hotels Pvt. Ltd. “As our company continues to grow and thrive
economically, we are excited to be involved with the upcoming
development of other Hyatt hotels in various urban centers.”
HYATT PLACE HAMPI LEADERSHIP
Hyatt Place Hampi is under the leadership of General Manager
Sumit Kumar
and Director of Sales Rohith K. In his role, Kumar is directly
responsible for managing the day-to-day operations of the hotel,
including overseeing the hotel’s 82 associates and ensuring guests
encounter the purposeful service for which Hyatt Place is known. Rohith
K is responsible for providing sales service and support to travelers
and meeting planners frequenting JSW Limited or the Bellary/Hampi/Hospet
area.
For Hyatt Place Hampi information or to make a reservation, visit hampi.place.hyatt.com.
ABOUT HYATT PLACE
Launched in 2006, Hyatt Place brings to the upscale select service hotel
category the authentic hospitality for which Hyatt is known. Inspired by
multitasking travelers’ 24/7 lifestyle, Hyatt Place combines stylish
design and practical amenities with forward-thinking technology and
purposeful service. Spacious guestrooms feature multiple areas to work
and relax, and include the Cozy Corner, an eight-foot sectional sofa
sleeper; plush Hyatt Grand Bed; and ergonomic work center. For more
information, please visit www.hyattplace.com.
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®,
Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place® and
Hyatt House
TM brand names and
have locations on six continents. Hyatt Residential Group, Inc.,
a Hyatt Hotels Corporation subsidiary, develops, operates,
markets or licenses Hyatt ResidencesTM
and Hyatt Residence ClubTM. As of
September 30, 2012, the Company's worldwide portfolio consisted of 496
properties in 45 countries. For more information, please visit www.hyatt.com.
Forward-Looking Statements
Forward-Looking 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, occupancy and ADR
trends, market share, the number of properties we expect to open in the
future, our expected adjusted SG&A expense, capital expenditures,
depreciation and amortization expense and interest expense estimates,
financial performance, prospects or future events and involve known and
unknown risks that are difficult to predict. As a result, our actual
results, performance or achievements may differ materially from those
expressed or implied by these forward-looking statements. In some cases,
you can identify forward-looking statements by the use of words such as
“may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,”
“believe,” “estimate,” “predict,” “potential,” “continue,” “likely,”
“will,” “would” and variations of these terms and similar expressions,
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,
general economic uncertainty in key global markets, the rate and pace of
economic recovery following economic downturns; levels of spending in
business and leisure segments as well as consumer confidence; declines
in occupancy and average daily rate; limited visibility with respect to
short and medium-term group bookings; the impact of hotel renovations;
our ability to successfully execute and implement our organizational
realignment and the costs associated with such organizational
realignment; our ability to successfully execute and implement our
common stock repurchase program; loss of key personnel, including as a
result of our organizational realignment; 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
partners; if our third-party owners, franchisees or development partners
are unable to access the capital necessary to fund current operations or
implement our plans for growth; risk associated with potential
acquisitions and dispositions and the introduction of new brand
concepts; changes in the competitive environment in our industry and the
markets where we operate; outcomes of legal proceedings; changes in
federal, state, local or foreign tax law; foreign exchange rate
fluctuations or currency restructurings; general volatility of the
capital markets; our ability to access the capital markets; and other
risks discussed in the Company's filings with the U.S. Securities and
Exchange Commission, including our Annual Report on Form 10-K, which
filings are available from the SEC. We caution you not to place undue
reliance on any forward-looking statements, which are made as of the
date of this press release. We undertake no obligation to update
publicly any of these forward-looking statements to reflect actual
results, new information or future events, changes in assumptions or
changes in other factors affecting forward-looking statements, except to
the extent required by applicable laws. If we update one or more
forward-looking statements, no inference should be drawn that we will
make additional updates with respect to those or other forward-looking
statements.
Source: Hyatt Hotels Corporation
Hyatt Hotels Corporation
Stephanie Sheppard, +1 312 780 5399
stephanie.sheppard@hyatt.com
or
Yasmin
Poonegar, +971 50 1891 262
yasmin.poonegar@hyatt.com