Hyatt Regency Istanbul Ataköy will be the third Hyatt-branded hotel
in Istanbul
CHICAGO--(BUSINESS WIRE)--Nov. 7, 2012--
Hyatt
Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate
has signed an agreement for a Hyatt Regency hotel in Istanbul with
Bosphorus Otelcilik ve Yatirim Ltd. The hotel, which will open in
January 2014, will be the third Hyatt-branded hotel in Istanbul, joining Grand
Hyatt Istanbul and Park
Hyatt Istanbul Maçka Palas.
Hyatt Regency Istanbul Atakoy is expected to open in 2014. (c) Apeas
Hyatt Regency Istanbul Ataköy will offer 310 guestrooms, including 30
suites, with rooms ranging in size from 38 sq m to 180 sq m. The hotel
will feature more than 1,700 sq m of meeting and event space, including
a 1,000 sq m ballroom, two restaurants, a rooftop bar, outdoor and
indoor pools, a fitness center, and a spa. GA Design International will
be responsible for the interior design of the hotel. Located in western
Istanbul on Rauf Orbay Street, Hyatt Regency Istanbul Ataköy will be a
short drive from Atatürk International Airport and will be 10 km from
Istanbul’s historic Old Town, which is home to destinations such as the
Blue Mosque,
Hagia Sofia
and the Grand Bazaar.
Stating that Istanbul had established itself as an important commercial
hub and a major tourism destination in southeastern Europe,
Peter
Norman
, Senior Vice President, Acquisitions and Development for Hyatt
International – Europe, Africa, and Middle East, said, “The announcement
of Hyatt Regency Istanbul further underscores our commitment to building
preference by expanding the number of Hyatt-branded hotels throughout
Europe.”
Stating that they are proud to work with Hyatt to bring the Hyatt
Regency brand to Istanbul, Ilhan Mürsel, Managing Director, Bosphorus
Hospitality & Investment said, “We believe Hyatt Regency Istanbul
Ataköy’s extensive meeting and event space and ideal location near
Atatürk International Airport will be appealing to large groups and
business and leisure travelers alike.”
In addition to 146 Hyatt Regency hotels open worldwide as of September
30, 2012, more than 30 previously announced Hyatt Regency hotels are
under development around the world in China, India, Latin America,
Europe, the Middle East, and the United States.
For more information, please visit hyattdevelopment.com.
About Hyatt Regency
Hyatt Regency offers a full range of services and facilities tailored to
serve the needs of meeting planners, business travelers and leisure
guests. Properties generally range in size from 180 to over 2,000 rooms
and are conveniently located in urban, suburban, airport, convention and
resort destinations around the world. Hyatt Regency convention hotels
feature spacious meeting and conference facilities designed to provide a
productive environment. Hyatt Regency hotels in resort locations cater
to couples seeking a getaway, families enjoying a vacation together and
corporate groups seeking a functional and relaxed atmosphere in which to
conduct business and meetings. For more information, please visit www.hyattregency.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 Bosphorus Hospitality & Investment
Founded in 2009, Bosphorus Hospitality & Investment has conducted
significant operations in the tourism industry, and has obtained an
increasing rate of growth by the leadership of its founders Tarık
Celaloğulları, a Meskhetian Turk, and his Partner Rostislav Gurevich, a
Russian citizen. The company’s first investment was in Ataköy in 2009,
and signed an agreement for a Hyatt Regency hotel in Istanbul, which is
expected to open in 2014. With a corporate objective of “building 10
hotels in 10 years,” Bosphorus Hospitality & Investment has opened two
hotels, in Tashkent, Uzbekistan and Denizli, Turkey, and the company
continues to develop hotels in Oskemen, Kazakhstan and Samsun, Turkey,
which are both expected to open in June 2013. The company also has hotel
projects underway in Almaty, Kazakhstan and, Krasnodar, Russia, which
will be open by 2014. Tarık Celaloğulları and
Rostislav Gurevich
continue to make investments in different sectors within Turkey,
Kazakhstan and Russia.
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.
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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