Hyatt affiliate, White Lodging form joint venture and announce
franchise agreement for Denver’s first dual-branded Hyatt project
CHICAGO--(BUSINESS WIRE)--Oct. 15, 2013--
White Lodging Services and Hyatt Hotels Corporation (NYSE: H) announced
the formation of a joint venture to develop Denver’s first dual-branded
Hyatt Place/Hyatt House. A Hyatt affiliate and White Lodging will each
own 50 percent of the joint venture and White Lodging will operate the
hotels under franchise agreements with a Hyatt affiliate.
“We are thrilled to expand upon our strategic relationship with Hyatt
and looking forward to breaking ground in November,” said
Deno Yiankes
,
president and CEO of White Lodging’s Investments and Developments
division. “This project is yet another example of our continued focus on
developing and investing in premium branded hotels in dynamic urban
markets that will attract business, convention and leisure travelers
alike.”
The Hyatt Place hotel will offer 248 spacious guestrooms and the Hyatt
House hotel will offer 113 residentially inspired upscale guestrooms.
Each hotel will feature the brands’ signature design and amenities. The
hotels will be located in the heart of the city’s business district and
just one block from the Colorado Convention Center and Denver’s famed 16th
street entertainment district, and within walking distance to the Pepsi
Center and
Coors Field
.
“Denver has a diverse economy driven by multiple industries, the state
capital, higher education and entertainment,” said
Steve Haggerty
,
global head of real estate and capital strategy for Hyatt. “This joint
venture allows Hyatt to deepen our relationship with an experienced and
well respected hotel owner, and introduce our Hyatt Place and Hyatt
House brands to downtown Denver.”
The project, which was announced in April, will be White Lodging’s first
newly built Hyatt House hotel, as well as its first dual-branded
property under Hyatt brands. Upon opening, it will be White Lodging’s
fifth newly constructed, urban Hyatt Place.
Construction of the property is expected to start in November 2013 and
is anticipated to open in summer 2015. The stand-alone 21-story building
will have 361 hotel rooms at the southeast corner of 14th
Street and Glenarm Place.
“We are in the beginning of an investment boom as a city, and I'm proud
of the many cornerstone developments happening in my district,” said
Albus Brooks, Denver City Councilman, District 8. “One such development
is the Hyatt Place/Hyatt House project. With the creation of over 80
permanent jobs and a positive tax impact of over $3 million, it is
important for us to realize that this project is truly an asset to the
long-term vitality of the City of Denver. May this serve as a call to
action for other people looking to invest in our great city.”
The hotels will be the 10th and 11th Hyatt-branded
hotels in the Denver area and White Lodging’s 25th and 26th
managed properties in the state of Colorado, adding to White Lodging’s
portfolio that includes premium-branded hotels throughout Denver,
Boulder and the surrounding communities.
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 HYATT HOUSE
Launched in 2012, Hyatt House was designed to welcome residents rather
than guests. Inspired by extensive research of guest experiences, Hyatt
House is designed to surprise and delight with services, amenities,
upscale spaces and a casual, comfortable environment that will remind
guests of home. Residentially inspired studios, one- and two-bedroom
suites feature contemporary full kitchens, living space with flat panel
HDTVs and bedrooms with a plush bed. Complimentary Wi-Fi is available
throughout the hotel. A complimentary full hot breakfast is served daily
as well as a complimentary Evening Social with savory bites, beer and
wine at some locations. In lieu of the Evening Social, some locations
have an H BAR featuring the Sip+Savor menu and full bar. Public spaces
include a 24-hour workout room, Guest Market and laundry facilities. A
friendly House Host is available to check-in guests, provide directions
or help with other needs to help guests feel at home. The brand is
committed to helping guests keep their real-life routines rolling while
on the road. Hyatt House recently earned the top spot in the upscale
extended stay category in Business Travel News’ 2012 Hotel Chain Survey,
based on a survey of corporate travel buyers. Additionally, the brand
was named one of the 10 Best Hotel Chains for Families by Parents
Magazine. Chosen amongst more than 70 hotels chains, Hyatt House was
recognized for its convenient, functional, and family-friendly
amenities, with separate parent and child sleeping areas topping the
list. Hyatt House, a brand of Hyatt Hotels Corporation, offers more than
50 locations throughout the United States. To learn more about HYATT
house or to book a reservation, visit http://www.hyatthouse.com
or call 866-XS-HYATT (866-974-9288).
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 June 30, 2013, the
Company's worldwide portfolio consisted of 524 properties in 46
countries. For more information, please visit www.hyatt.com.
About White Lodging Services Corporation
White Lodging Services Corporation was established in 1985 and is
headquartered in Merrillville, Ind. White Lodging is a fully integrated
hotel ownership, development and operations company – a recognized
leader that has defined and cultivated the ability to achieve
consistent, sustainable growth among mid- to large-scale hotels across
the country. Its current portfolio consists of more than 168 hotels in
21 states and encompasses representation of the following leading
brands: Preferred Hotels, Marriott International, Inc., Hilton
Worldwide, Hyatt Global, Starwood Hotels and Resorts, InterContinental
Hotel Group and Carlson Hotels Worldwide. For more information about
White Lodging, please visit www.whitelodging.com.
Forward-Looking Statements
Certain statements and assumptions in this press release contain or
are based upon “forward-looking” information and are being made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. When we use the words “will,” may,”
“anticipate,” “estimate,” “should,” “expect,” “believe,” “intend,” or
similar expressions, we intend to identify forward-looking statements.
Such statements are subject to numerous assumptions and
uncertainties, many of which are outside of White Lodging’s or Hyatt’s
control, which could cause actual results to differ materially from
those expressed in or implied by the content of this document. Forward
looking statements made in this press release are made only as of the
date of their initial publication and neither party undertakes an
obligation to publicly update any of these forward looking statements as
actual events unfold.

Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20131015006055/en/
Source: Hyatt Hotels Corporation
HYATT CONTACT:
Amy Patti, +1-312-780-5620
amy.patti@hyatt.com
or
WHITE
LODGING CONTACT:
Kathleen Quilligan, +1-219-472-2861
kathleen.quilligan@whitelodging.com