CHICAGO--(BUSINESS WIRE)--May. 14, 2013--
Hyatt
Hotels Corporation (NYSE: H), Aedes
Real Estate and UBM Realitätentwicklung AG announced today their
affiliates have entered into an agreement for a Hyatt Regency hotel in
Amsterdam, which is expected to open in 2015. Hyatt Regency Amsterdam
will be the first Hyatt Regency hotel and the third Hyatt-branded hotel
to open in the city, joining the recently opened Andaz Amsterdam and the
late-2013 opening of Hyatt Place Amsterdam Schiphol Airport.
Hyatt Regency Amsterdam will offer 211 guestrooms, including 15 suites.
The hotel will feature meeting and ballroom space, a restaurant, a bar
and lounge, a fitness center, and a two-treatment room spa.
“The Hyatt Regency brand is a great fit for Amsterdam,” said
Peter
Norman
, senior vice president, real estate and development for Hyatt
Hotels & Resorts. “It is one of Europe’s most important commercial
centers and the continent’s sixth largest metropolitan area, drawing
visitors for both business and leisure. We are thrilled to have the
opportunity to again collaborate with Aedes Real Estate on a second
project in Amsterdam, and very much look forward to establishing a long
lasting relationship with UBM.”
Aedes Real Estate’s
Paul Geertman
said, “In 2009, we took on the
development of the former Emma Kinderziekenhuis building. The location
is incredibly complex and historically significant. We tried to find a
way to integrate all that history into our plans, due to which it has
become a very interesting building. We hosted a successful briefing for
neighbourhood residents, and they were very enthusiastic and believe the
arrival of a Hyatt Regency is great news for this part of Amsterdam.”
Hyatt Regency Amsterdam will be located in central Amsterdam between
Sarphatistraat and Spinozastraat, and will be surrounded by the
Singelgracht canal. The hotel will be in close proximity to many of
Amsterdam’s museums, including the Rijksmuseum, the Van Gogh Museum, the
Scheepvaart Museum, and the Stedelijk Museum. The hotel will be less
than half a mile from the Weesperplein metro stop and is close to the
ring road, which connects all parts of Amsterdam to the national road
system.
UBM’s Director Ton Fransoo said, “This is a very exciting project for
the Netherlands as it will be the first Hyatt Regency in our country.
The hotel will be a particularly important asset to the Eastern part of
the city center, which is currently short of hotel capacity. We are
looking forward to working with Hyatt and Aedes Real Estate to build a
splendid hotel in a beautiful location.”
Aedes Real Estate and Austrian UBM are jointly responsible for the
development and realization of Hyatt Regency Amsterdam.
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 generally 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. 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 Aedes Real Estate
Aedes Real Estate operates across the Netherlands as an independent real
estate investor, developing residential accommodations, hotels and
office buildings and specializing in redeveloping complex urban
locations. After completion, the projects are held as investments. Aedes
Real Estate contributes to the development of urban areas by focusing on
the highest possible quality, and by using all our creativity and
professional knowledge of the market in our work. From conception
through completion and subsequent ownership of the property, Aedes Real
Estate takes the project through its entire life cycle.
In addition to the new Andaz Amsterdam, Aedes Real Estate has recently
developed several projects, including the Westerhuis (offices for the
creative industry in the Jordaan), Professor Tulpstraat (apartments and
offices) and the Burgerziekenhuis (hotel with 125 rooms). For more
information, please visit www.aedesrealestate.nl.
About UBM Realitätentwicklung
UBM Realitätenentwicklung AG specialises in the development, letting and
marketing of homes, offices, hotels and commercial real estate
throughout Europe. The company was established in 1873, has a broad
business base and maintains offices in Germany, Poland, the Czech
Republic, France, the Netherlands, Romania, Russia, Switzerland,
Slovakia, Bulgaria, Croatia and Hungary. UBM has been listed on Vienna
Stock Exchange for 140 years. Its core shareholders are Porr
Construction Company (since 1912) and CA Immo real estate funds (since
2007). There are few companies in Europe that can look back on such an
expansive history, and there is no other such real estate developer.
Care and sustainability define the unique track record. Environmental
protection is one of the basic principles of the company’s success. New
developments and revitalization projects are certified according to
international eco standards. Financially, the company is very solid.
UBM’s success is driven by a risk-averse and value-oriented business
policy – according to the motto profit is an opinion, and cash is a
fact. UBM is Austrians leading hotel developer. The company can score
with its typical Austrian hospitality. The portfolio also includes
holdings in 15 hotels with a total of more than 3,700 rooms. To date,
UBM has developed more than 30 hotels with over 6,000 rooms in total,
including the Crowne Plaza Amsterdam South Hotel which opened in 2011.
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
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.

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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
Malene Rydahl, +33 1 53 45 2838
malene.rydahl@hyatt.com
or
Aedes
Real Estate
Charles Huijskens, +31 (0)20 6855955
charles@huijskens.nl