Hyatt Place Taghazout to open in late 2014
CHICAGO--(BUSINESS WIRE)--Dec. 13, 2012--
Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
has entered into a management agreement with Societe d’Aménagement et de
Promotion de la Station de Taghazout (SAPST) for a Hyatt Place hotel in
Taghazout, Morocco. The hotel will be developed and owned by SAPST.
Hyatt Place Taghazout is the second Hyatt-branded hotel under
development in Morocco, joining the previously announced
Park Hyatt
Marrakech, which is expected to open in 2013. There is currently one
Hyatt-branded hotel in Morocco – Hyatt
Regency Casablanca.
Located on Morocco's Atlantic coast, Hyatt Place Taghazout is expected to open in 2014. (Photo: Business Wire)
Hyatt Place Taghazout will be part of a master planned development,
Taghazout Bay. Construction on the first phase of development has
commenced and is comprised of Hyatt Place Taghazout, a Moroccan spa, a
retail center, an 18-hole golf course, a golf club house, and a surf
camp, all of which are expected to open in late 2014.
“We are delighted to work with Societe d’Aménagement et de Promotion de
la Station de Taghazout on Hyatt Place Taghazout, the first Hyatt Place
hotel under development in Morocco,” said
Peter Norman
, senior vice
president of real estate and development, EAME for Hyatt Hotels &
Resorts. “We believe that the Hyatt Place brand and the location of the
hotel in the Taghazout Bay Resort, near the city of Agadir on Morocco’s
Atlantic Coast, will have strong appeal to business and leisure
travellers visiting the city.”
“The opening of Hyatt Place Taghazout will be very exciting for Hyatt as
we continue to establish Morocco as an influential resort destination,”
said
Peter Fulton
, Executive Vice President, Group President –
EAME/Southwest Asia, Hyatt Hotels Corporation.
The 150-room Hyatt Place Taghazout will be conveniently located adjacent
to the city of Agadir, on Morocco’s Atlantic Coast. The master planned
development’s completion is expected over a period of 15 years. The
hotel’s development is supported by the government’s tourism strategy,
Vision 2020, which sets sustainable development at the heart of its
priorities.
“We are excited to introduce the Hyatt Place Taghazout brand to Morocco
and bring Hyatt’s world-class hospitality to the area with the Hyatt
Place brand,” commented a spokesperson from Societe d’Aménagement et de
Promotion de la Station de Taghazout.
For more information, please visit www.hyattdevelopment.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.
About SAPST
Established in July 2011, SAPST is devoted to the planning, development,
marketing and management of the Taghazout Bay Resort. SAPST is a limited
liability company registered with a capital of one hundred million
Dirhams (MAD 100,000,000) and owned by five prestigious Moroccan
shareholders: CDG Développement (35%), the Moroccan Fund for Tourism
Development – FMDT (25%), Alliances Développement Immobilier (20%), Sud
Partners – consortium with Akwa Group on top of it (15%) and the
Moroccan Tourism Engineering Company – SMIT (5%).
About Taghazout Bay:
Located 40 minutes from Agadir International Airport, Taghazout Bay is
part of the Vision 2020 national strategy. Highly committed to
sustainable development, the resort design takes into account the
preservation of natural resources and respects the socio-cultural
authenticity of host communities. As a seaside resort on a rich
hinterland, within an exceptional natural environment, Taghazout Bay
offers tourists tremendous experiences focused on the sea, culture,
sports, nature and eco-tourism. With investment exceeding one billion US
Dollars, Taghazout Bay Resort will offer 7,450 tourist beds, allocated
in nine modern hotels and various tourist residences, as well as
world-class sporting and leisure facilities within five years. www.taghazoutbay.ma
Forward-Looking Statements
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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
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Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20121213006002/en/
Source: Hyatt Hotels Corporation
Hyatt Hotels Corporation
Siân Martin, +1 312 780 5797
sian.martin@hyatt.com
or
Malene
Rydahl, +33 1 53 45 2838
malene.rydahl@hyatt.com