CHICAGO--(BUSINESS WIRE)--Sep. 13, 2013--
Hyatt
Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate
has entered into a management agreement with Shenzhen Ping’An Financial
Centre Construction and Development Co., Ltd. for a Park Hyatt hotel in
Futian district, Shenzhen, China. Park Hyatt Shenzhen, Futian will join Grand
Hyatt Shenzhen, which opened in 2009.
“Shenzhen is a key city for multiple industries in China and is becoming
a gateway city in its own right. We are pleased to offer travelers
another opportunity to stay at a Hyatt-branded property in Shenzhen and
thanks to Park Hyatt’s reputation for outstanding service, as well as
world-class dining, the hotel will be a natural addition to the city’s
central business and financial district,” said
Larry Tchou
, group
president, Asia Pacific for Hyatt. “This is our first project with
Ping’An Group, and we believe that our shared values and vision for
serving the best to Shenzhen will position Park Hyatt Shenzhen, Futian
to provide guests with an unprecedented level of luxury and unrivalled
hospitality.”
Park Hyatt Shenzhen, Futian will be situated in the center of Futian
central business district in Shenzhen, adjacent to the Convention and
Exhibition Center, a prime location in the city. It will be an important
part of the mixed use development project comprised of the hotel, luxury
shopping mall and upscale offices. Expected to open in 2018, Park Hyatt
Shenzhen, Futian will offer the brand’s signature personalized services
with 223 luxury rooms and suites, an array of restaurants and bars, a
spa and fitness center, and intimate multi-functional event facilities.
The hotel will be located on top of the 1,148-foot (350-meter) south
tower, and will be adjacent to the 2,021-foot (616-meter) north tower of
the Ping’An Financial Centre, which is expected to be the tallest
building in Shenzhen.
“Park Hyatt Shenzhen, Futian is our first hotel project,” said Mr. Ren
Huichuan, general manager of Ping’An Group. “We are very pleased to work
with Hyatt on such an exciting and significant collaboration. We believe
the strength of Hyatt’s service culture and the depth of its operational
expertise will bring great value to the new hotel.”
As of June 30, 2013, Hyatt’s executed contract base consisted of
approximately 200 hotels across all brands and regions in which Hyatt
hotels operate. For more information, please visit www.hyattdevelopment.com.
About Park Hyatt
Intimate and residential in style, Park Hyatt hotels promise gracious
service on a personal level. Located in many of the world’s premier
destinations, each Park Hyatt hotel combines elegance with distinctive
regional character. Park Hyatt hotels feature sophisticated interiors,
meeting and special event spaces for small groups and social occasions,
critically acclaimed art programs, and signature restaurants featuring
award-winning chefs. For more information, visit www.parkhyatt.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
June 30, 2013, the Company's worldwide portfolio consisted of 524
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
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.
Source: Hyatt Hotels Corporation
Hyatt Hotels Corporation
Amy Patti, +1 312 780 5620
amy.patti@hyatt.com
or
Lillian
Zhang, +86 10 5928 1234
lillian.zhang@hyatt.com