159-Room Hotel to be Located in the Old Market District
CHICAGO--(BUSINESS WIRE)--Feb. 21, 2012--
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt
affiliate has purchased land in Omaha, Neb. for the construction of a
Hyatt Place hotel, which it will own and manage. The hotel is expected
to open in 2014.
Hyatt Place Omaha Downtown/Old Market (c) DLR Group
Slated to begin construction early in the second quarter of 2012, Hyatt
Place Omaha Downtown/Old Market will have 159 rooms in a stand-alone
nine-story building located on the northwest corner of Jackson Street
and 12th Street in the Old Market district. The hotel,
designed by the Chicago office of the DLR Group, will be situated amidst
Omaha’s arts and entertainment center that features fine dining,
shopping, corporate meeting facilities, and upscale nightlife.
“We look forward to introducing the Hyatt brand to Nebraska and Omaha
and particularly to establishing Hyatt Place in the city and state,”
said
Chris Ivy
, senior vice president, real estate and development for
Hyatt Hotels & Resorts. “Hyatt Place Omaha Downtown/Old Market will be a
valuable addition to the portfolio of urban Hyatt Place locations.”
“We are thrilled to welcome Hyatt Place to downtown Omaha,” said Omaha
Mayor
Jim Suttle
, “and we think it speaks volumes about the strength of
our economy and the appeal of the Old Market area that Hyatt is making
the investment to build this hotel. In addition to approximately 50 jobs
that the hotel will create once it is opened, the hotel will also bring
a great many other economic benefits to our community.”
Hyatt Place Omaha Downtown/Old Market will be the first Hyatt hotel in
Nebraska, and will join Hyatt’s Omaha-based Worldwide Reservations
Center, which provides customer service and sales support for all
international and domestic hotels.
“It is a privilege to work with a world-class hotel flag new to the
state of Nebraska,” said
Jon Pesce
, Vice President of World Group, a
full-service commercial real estate firm providing brokerage and
property management services, that represented Hyatt in the transaction.
Pesce added, “The fact that Hyatt is willing to acquire the property and
begin construction quickly is a testament to the strength of downtown
Omaha.”
Currently, there are more than 160 Hyatt Place hotels in operation in
the United States, with more than 35 under development throughout the
U.S., China, Costa Rica, India, the Netherlands, Panama, and Saudi
Arabia.
“We welcome this new entrant into the Omaha market and thank Hyatt for
their commitment to our growing downtown. This new nine-story building
will be a beautiful addition to the Old Market,” said
David G. Brown
,
president and CEO, Greater Omaha Chamber of Commerce.
Launched in 2006, Hyatt Place brings to the upscale select-service hotel
category the authentic hospitality for which Hyatt is known. Inspired by
multitasking travellers’ 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.
Every guestroom is also equipped with a state-of-the-art media center
that allows electronic devices to plug directly into the 42-inch,
high-definition television, giving guests instant access to the
technological amenities they’re accustomed to accessing at home or in
the office.
Hyatt Place hotels also feature complimentary Wi-Fi access, 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. The Guest Kitchen offers
made-to-order breakfast, lunch and dinner entrées around the clock, in
addition to the a.m. Kitchen SkilletTM, a complimentary
continental breakfast served daily. Specially trained Hosts are on hand
to 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 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.
Hyatt House
is changing its brand identity from Hyatt Summerfield Suites®.
Hyatt Residential Group, Inc., a Hyatt Hotels Corporation
subsidiary, develops, operates, markets or licenses Hyatt
ResidencesTM and Hyatt Vacation
Club®, which is changing its name to Hyatt Residence ClubTM.
As of December 31, 2011, the Company's worldwide portfolio consisted of
483 properties in 45 countries. For more information, please visit www.hyatt.com.
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,
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; 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; 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 and our ability to access the
capital markets. A more complete description of these risks and
uncertainties can be found in our filings with the U.S. Securities and
Exchange Commission, including our Annual Report on Form 10-K. 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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50174629&lang=en

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