Award-winning Hyatt Place brand expands its footprint in Denver area
to Cherry Creek
CHICAGO--(BUSINESS WIRE)--May. 8, 2013--
Hyatt
Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate
has entered into a franchise agreement with affiliates of DiNapoli
Capital Partners and Rockwood Capital for a hotel in the Cherry
Creek-Glendale neighborhood of Denver. Following nearly $10 million in
property-wide capital improvements, the hotel is expected to reopen this
fall as Hyatt Place Denver/Cherry Creek.
Hyatt Place Denver/Cherry Creek will offer:
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194 well-appointed guestrooms, all of which will feature a 42-inch
HDTV, the plush Hyatt Grand Bed®, a sectional sofa
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King guestrooms will feature walk-in showers
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Complimentary Wi-Fi access throughout the hotel
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A state-of-the-art StayFit@Hyatt fitness center
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Complimentary a.m. Kitchen SkilletTM, featuring freshly
prepared breakfast sandwiches, a variety of fresh fruits, hot and cold
cereal, yogurt, breads, premium coffee and an assortment of juices
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3,000 square feet of flexible, high-tech meeting/function space
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24/7 Gallery Menu serving made-to-order entrees and appetizers around
the clock
-
Intimate Bakery Café featuring specialty coffees, premium beers, wines
and cocktails
Hyatt Place Denver/Cherry Creek will be the third hotel in the Denver
area for the Hyatt Place brand, which was ranked the No. 1 Select
Service Brand by Business Travel News in the 2012 Hotel Chain
Survey. The newest location will offer easy access to downtown Denver,
as well as the upscale Cherry Creek area including the popular Cherry
Creek Mall and
Cherry Creek North
retail district. The hotel will also
be within walking distance to the Infinity Park and will be less than
five miles from the University of Denver and the Denver Botanic Gardens.
“Thanks to the unmatched guest research put into the Hyatt Place brand,
guests are responding positively, and we are actively expanding the
brand throughout the United States,” said
Jason Gregorek
, vice
president, real estate and development, Hyatt Hotels & Resorts. “We are
excited to be working with DiNapoli and Rockwood to grow Hyatt Place in
this major urban market.”
“We are enthusiastic about working with Hyatt on this project and
bringing a new, innovative Hyatt Place to the Cherry Creek area,” said
Matt DiNapoli
, president and chief executive officer, DiNapoli Capital
Partners. “We look forward to welcoming guests to the hotel this fall
and showcasing the Hyatt Place brand’s contemporary style and purposeful
service.”
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; 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 24/7
Gallery Menu offers made-to-order breakfast, lunch and dinner entrées
around the clock, in addition to the a.m. Kitchen SkilletTM,
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 170
locations in the United States, Costa Rica and India. For Hyatt Place
information or to make a reservation, call 1-888-HYATT-HP (888-492-8847)
or visit www.HyattPlace.com.
About DiNapoli Capital Partners
DiNapoli Capital Partners is a privately held real estate
investment firm engaged in the acquisition, development and management
of hotels and commercial real estate assets. The firm was established by
F. Matthew DiNapoli
, a founding principal of the successful Maritz-Wolff
Hotel Equity Funds, who has been actively involved in real estate
development, investment, and finance for nearly 20 years, with an
extensive track record of successful hotel and commercial real estate
investments. DiNapoli Capital Partners real estate holdings include
Hotels, Apartments, Office buildings and Senior Housing facilities. For
more on the firm, visit www.dinapolicapital.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® 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 March 31, 2013, the
Company's worldwide portfolio consisted of 508 properties in 46
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. 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, 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; 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; changes in the competitive environment in our industry
and the markets where we operate; 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
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make additional updates with respect to those or other forward-looking
statements.

Source: Hyatt Hotels Corporation
Hyatt Hotels Corporation
Siân Martin, +1 312 780 5797
sian.martin@hyatt.com
or
Stephanie
Sheppard, +1 312 780 5399
stephanie.sheppard@hyatt.com