CHICAGO--(BUSINESS WIRE)--Jul. 12, 2012--
Hyatt
Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate
has signed a management agreement with Range Developments for a Park
Hyatt hotel in St. Kitts. Slated to open in 2015,
Park Hyatt St. Kitts
will be located on the southeast peninsula of St. Kitts in Christophe
Harbour, a 2,500-acre master planned community that is currently
under development. The Christophe Harbour development project will offer
a
Tom Fazio
-designed 18-hole championship golf course, a beach club and
a 300-acre super yacht marina and marina village.
Park Hyatt St. Kitts
will feature 200 guestrooms and 50 Park
Hyatt-branded residential condominiums, and the hotel will be
constructed in two phases. The first phase will include the completion
of the hotel’s 125 guestrooms, two food and beverage outlets, a fitness
center, a 12-treatment room spa, and more than 7,000 sq ft of meeting
and banquet space. The second phase will include the completion of the
remaining 75 guestrooms and a third food and beverage outlet. Dewan
Architects is responsible for the hotel’s architecture.
“Park Hyatt St. Kitts will continue our company’s tradition of
delivering an unprecedented level of luxury and unrivalled hospitality
experience,” said
Pat McCudden
, senior vice president of real estate and
development, Hyatt Hotels & Resorts. “Park Hyatt St. Kitts will be
designed to provide an intimate, contemporary resort environment, with
touches of the local culture – a perfect sanctuary for our discerning
guests.”
“We are pleased to launch this major development project on the
beautiful island of St. Kitts, one of the most tranquil locations in the
Caribbean,” said
Munaf Ali
, chief executive officer, Range Developments.
“We believe
Park Hyatt St. Kitts
will deliver a new hospitality
experience to guests visiting the Caribbean.”
Park Hyatt St. Kitts
will be located in Banana Bay, a secluded area
offering white sand beaches and crystal clear water, as well as views of
The Narrows, a strait separating St. Kitts and the volcanic island of
Nevis. The hotel will be less than 15 miles from Robert L. Bradshaw
International Airport, Port Zante cruise terminal and Basseterre, the
capital of St. Kitts and Nevis, which is headquarters to a number of tax
and financial firms, including Caribbean Central Bank and Caribbean
Securities Exchange. St. Kitts is an established resort and beach
destination, offering activities such as diving, snorkeling, fishing,
yachting, and golfing.
There are currently three Hyatt-branded hotels in the Caribbean,
including Hyatt
Regency Trinidad, Hyatt
Regency Aruba Resort and Casino and Hyatt
Regency Curacao Golf Resort, Spa and Marina. There are currently
four Hyatt-branded hotels under development in the Caribbean, including Park
Hyatt Bermuda, Andaz
Turks and Caicos, Grand Hyatt Baha Mar, and Hyatt
Place Bayamón and El Tropical Casino. For more information, please
visit hyattdevelopment.com.
About Park Hyatt
Park Hyatt provides discerning, affluent individual business and leisure
guests with elegant and luxurious accommodations. Guests of Park Hyatt
receive highly attentive personal service in an intimate environment.
Located in many of the world's premier destinations, each Park Hyatt 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
programs and signature restaurants featuring award-winning chefs.
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 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 March 31, 2012, the Company's worldwide portfolio consisted of 488
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, the number of properties
we expect to open in the future and when we expect these properties to
open, our expected capital expenditures, and other 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; our ability to
successfully execute and implement our organizational realignment and
the costs associated with such organizational realignment; 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
Laurie Cole, +1 312 780 5935
laurie.cole@hyatt.com