Sixth Hyatt-branded hotel in Indonesia expected to debut in 2017
CHICAGO--(BUSINESS WIRE)--Dec. 16, 2013--
Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
has entered into a management agreement with PT Eka Ilalang
Suryadinamika for a Hyatt Regency hotel in Sentul City, Indonesia. Hyatt
Regency Sentul City will be the sixth Hyatt-branded hotel in Indonesia.
“We are delighted to enhance our brand presence in Indonesia, and Sentul
City’s growth over the past few years has been impressive,” said
Ratnesh
Verma
, senior vice president, real estate and development, Asia Pacific
for Hyatt Hotels & Resorts. “The first Hyatt hotel opened in the
Indonesian market more than 30 years ago, and we are very excited to
further build on Hyatt’s strong brand equity and excellent portfolio of
hotels in the country.”
Hyatt Regency Sentul City will be located less than 25 miles south of
Jakarta on the outskirts of the satellite city of Bogor and will feature
an outdoor pool, a spa and a host of meeting space. The 225-room hotel
will be part of a mixed-use complex, which will be comprised of a
240,000 square foot (22,400 square meter) retail mall and 212,000 square
feet (19,700 square meters) of office space.
“Given the strong Hyatt brand name and the hotel’s ideal location, we
believe that the new Hyatt Regency Sentul City will attract business and
leisure travelers from across the region. We are thrilled to broaden our
relationship with Hyatt, and feel confident that the new project will
create mutually beneficial results,” said
Reina Kumala Kwee
, President
Director of PT Eka Ilalang Suryadinamika.
Expected to open in 2017, Hyatt Regency Sentul City will join five
existing Hyatt-branded hotels in Indonesia, including Grand Hyatt Bali,
Grand Hyatt Jakarta, Hyatt Regency Bandung, Hyatt Regency Yogyakarta,
and Hyatt Regency Bali, which is currently under renovation and will be
rebranded from Bali Hyatt.
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 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 allowing guests to convene and connect. 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.
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®, Hyatt
House®, Hyatt ZilaraTM, and
Hyatt Ziva
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, 2013, the Company's worldwide portfolio consisted of 535
properties in 47 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
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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
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U.S. Securities and Exchange Commission, including our Annual Report on
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Source: Hyatt Hotels Corporation
Hyatt Hotels & Resorts
Siân Martin
+1 312 780 5797
sian.martin@hyatt.com
or
Hyatt
Hotels & Resorts – Asia Pacific
Karen Chung
+852 2768 1271
karen.chung@hyatt.com