CHICAGO--(BUSINESS WIRE)--Dec. 16, 2013--
Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
has entered into a management agreement with Beijing Lixing Property
Development Co., Ltd for a new Hyatt Regency hotel in Beijing. Expected
to open in 2017, Hyatt Regency Beijing, Wangjing will be the first Hyatt
Regency in this key gateway city, joining the two existing Hyatt-branded
hotels, Park Hyatt Beijing and Grand Hyatt Beijing.
“We are excited to bring the Hyatt Regency brand to one of the most
sought-after cities in the world and further expand Hyatt’s brand
presence in the capital city of China,” said
Larry Tchou
, Group
President, Asia Pacific, Hyatt Hotels Corporation. “We are delighted to
work with Beijing Lixing Property Development Co., Ltd to introduce
world-class facilities and we look forward to bringing Hyatt’s authentic
hospitality to the Wangjing community.”
Located in northeastern Beijing, Hyatt Regency Beijing, Wangjing will be
part of a mixed use development, comprised of the hotel, three high-end
office buildings, retail spaces, and a central park area. Designed by
the world-renowned architect
Kengo Kuma
, the hotel will be integrated
into the adjacent park with a sunken garden and green elements
throughout the premises, providing a perfect communal space for
relaxation or business in the surrounding community.
Hyatt Regency Beijing, Wangjing will feature 349 guestrooms, an array of
restaurants and bars, multi-functional event spaces, a fitness center, a
spa, and a swimming pool.
About Hyatt Regency
Hyatt Regency hotels are conveniently located in urban, suburban,
airport, convention and resort destinations around the world. Properties
range in size up to more than 2,000 rooms, feature intimate and large
meeting spaces and offer a full range of services and dining options
tailored to serve the needs of conventions, business travelers or resort
vacationers. Hyatt Regency enables all guests – whether they are
traveling to work, unwind or gather in celebration – to feel productive
and revitalized. 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®, 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
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 & Resorts
Siân Martin
+1 312 780 5797
sian.martin@hyatt.com
or
Hyatt
Hotels & Resorts – China
Lillian Zhang
+86 10 5928 1221
lillian.zhang@hyatt.com