143-room Hyatt Place hotel located in the heart of El Segundo

CHICAGO--(BUSINESS WIRE)--Dec. 12, 2012-- Hyatt Hotels Corporation (NYSE: H) and OTO Development today announce the opening of Hyatt Place Los Angeles/LAX/El Segundo, the first Hyatt Place in the city of El Segundo. The new hotel is a refreshing choice for business and leisure travelers alike.

“As the El Segundo and LAX area continues to grow and thrive economically, we are excited to add to the momentum by welcoming the first Hyatt Place property to the area,” said Jacob Vanderwiel , general manager of Hyatt Place Los Angeles/LAX/El Segundo. “We know our guests will appreciate our comfortable and functional amenities such as free Wi-Fi, made-to-order fresh food around the clock and the StayFit@Hyatt fitness center.”

The five-story hotel is located in the new Campus El Segundo – a mixed-use office, retail and urban park environment, adjacent to the Metro Rail Green Line Mariposa/Nash station, and just minutes from Los Angeles International Airport. For business travelers, Hyatt Place Los Angeles/LAX/El Segundo is also close to many corporate offices such as Xerox, Northrop Grumman, Aerospace Company, Boeing, Raytheon, Fresh & Easy, Accenture, SAIC, Mattel, Oracle, Sketchers USA Inc, China Airlines Limited, and Singapore Airlines Limited. It is one mile from the Los Angeles Air Force Base and provides easy access to Loyola Marymount University, Cal State Dominguez Hills, USC, and UCLA.

For leisure travelers, Hyatt Place Los Angeles/LAX/El Segundo is a quick trip to southern California attractions such as to Marina Del Rey, Venice Beach , Malibu, L.A. Live, and Universal Studios®. Entertainment for both adults and children is nearby, including Manhattan Beach Country Club and The Lakes at El Segundo golf course, Toyota Sports Center, Redondo Beach Performing Arts Center, and Manhattan Beach Botanical Garden.

Hyatt Place Los Angeles/LAX/El Segundo offers:

• 143 spacious guestrooms, all of which feature a 42-inch HDTV, the plush Hyatt Grand Bed® and a sectional sofa sleeper
• Free Wi-Fi access throughout the hotel
• Complimentary a.m. Kitchen Skillet ^TM, featuring freshly prepared breakfast sandwiches, a variety of fresh fruits, hot and cold cereal, yogurt, breads, premium coffee and an assortment of juices
• More than 1,000 square feet of flexible, high-tech meeting/function space
• 24/7 Guest Kitchen serving made-to-order snacks and entrees
• Intimate Bakery Café featuring Starbucks® specialty coffees, premium beers and wines and cocktails

HYATT PLACE LOS ANGELES/LAX/EL SEGUNDO LEADERSHIP

Hyatt Place Los Angeles/LAX/El Segundo is under the leadership of General Manager Jacob Vanderwiel and Director of Sales Wilma David . In his role, Vanderwiel is directly responsible for managing the day-to-day operations of the hotel, including overseeing the hotel’s more than 30 associates and ensuring guests encounter the purposeful service for which Hyatt Place is known. David, director of sales, is responsible for providing sales service and support to travelers and meeting planners frequenting the LAX/El Segundo area.

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. 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 Skillet^TM, a complimentary hot breakfast served daily. Specially trained Hosts are on hand to offer assistance with everything from directions to check-in to a freshly made meal.

Hyatt Place, a brand of Hyatt Hotels Corporation, offers more than 165 locations throughout the United States and recently opened a location in Costa Rica. For Hyatt Place information or to make a reservation, call 1-888-HYATT-HP (888-492-8847) or visit www.HyattPlace.com.

ABOUT OTO DEVELOPMENT

OTO Development was established in 2004 by world-class entrepreneurs with a long history of success in rapid growth organizations. OTO Development’s mission is to maximize the value of investments in both people and product. With an emphasis on quality, reliability, service, and value, our goal is to develop a portfolio of great hotels managed by exceptional people. Over the years, OTO Development has opened 45 hotels, which represents nearly $1 billion of invested capital. Today, the company continues its impressive growth with over $500mm in urban new development projects in the Seattle, San Francisco, Los Angeles, San Diego, Manhattan, and DC markets. For more information, please visit http://otodevelopment.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 Residences^TM and Hyatt Residence Club^TM. 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.

Source: Hyatt Hotels Corporation

Hyatt Hotels & Resorts
Stephanie Sheppard, (312) 780-5399
Stephanie.sheppard@hyatt.com