CHICAGO--(BUSINESS WIRE)--Feb. 19, 2014--
Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
has entered into a management agreement with P.T. Wynncor Bali for an
Andaz resort in Bali, Indonesia. Upon completion, the hotel will be the
first Andaz-branded offering in Southeast Asia.
“We are delighted to introduce the Andaz brand to Indonesia, and honored
to strengthen our relationship with P.T. Wynncor Bali, a strong,
experienced developer and the owner of Grand
Hyatt Bali
and Bali
Hyatt, which is currently under renovation and will be rebranded as
a Hyatt Regency,” said
Ratnesh Verma
, senior vice president, real estate
and development, Asia Pacific for Hyatt Hotels & Resorts. “Located in an
established, beautiful vacation destination, Andaz Bali will be a great
addition to the Company’s resort portfolio. Andaz Bali will bring the to
life the brand’s mission of creating inspiring, indigenous experiences
and immersing guests into the destination’s local culture with an array
of unique activities.”
“We have worked with Hyatt for more than two decades, and continue to be
very satisfied and optimistic about our current and future relationship
with the Company,” said
Jefri Darmadi
, commissioner, P.T. Wynncor Bali.
“Working again with Hyatt is an honor for us, and we look forward to
introducing Andaz Bali to the region.”
Slated to open in 2016, Andaz Bali will be a beachfront resort designed
by international architect Tierra Design, and Japanese interior design
firm Spin Design Studio. The hotel will comprise low-rise clusters and
pavilions set within dramatic landscaping, and will feature 144
guestrooms and villas, small intimate meeting facilities, multiple
dining options, a fitness center, several outdoor swimming pools, and a
spa.
About Andaz
Global in scale while local in perspective, Hyatt’s Andaz brand delivers
an innovative hospitality experience and attentive, unscripted service
designed to accommodate guests’ personal preferences. Hotels in this
collection reflect the unique cultural scene and spirit of the
surrounding destination through their Andaz Salon events and are
dedicated to creating natural and vibrant living spaces where travellers
can indulge in their own personal sense of comfort and style. Eleven
Andaz hotels are currently open: USA - Andaz 5th Avenue and Andaz Wall
Street in New York, Andaz San Diego, Andaz West Hollywood, Andaz Napa,
Andaz Savannah, and Andaz Maui at Wailea; Andaz Peninsula Papagayo,
Andaz Liverpool Street London; Andaz Amsterdam Prinsengracht; and Andaz
Shanghai. Andaz Tokyo Toranomon Hills is expected to open in mid-2014,
marking a first for the brand in Japan. For more information, please
visit www.andaz.com.
About PT Wynncor
PT Wynncor is the owner of Grand Hyatt Bali and Bali Hyatt, which is
currently under renovation and will be rebranded as a Hyatt Regency, and
the currently under development Andaz Bali. It is a joint venture
between PT Jakarta Setiabudi Internasional Tbk, JC Hotels Hong Kong, and
Hyatt International Corporation. PT Jakarta Setiabudi Internasional
Tbk., (JSI) established nearly four decades ago. JSI is among the top
players in Indonesia’s property development industry. Since it was
founded by Mr.
Jan Darmadi
in 1975, the company has comprehensively
developed its portfolio, incorporating hotels, residential, offices and
townhouses, and retail properties. As of 2013, JSI managed 18 valuable
properties with a total asset market value of approximately US$1.2
billion. JSI is distinguished by a visionary mindset and dynamic
corporate culture, nurturing creativity, innovation, teamwork and an
unconventional approach. JSI is committed to continuously delivering
high growth by persistently innovating and seizing opportunities in such
a dynamic business environment.
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 Residences® and Hyatt Residence Club®. As of December
31, 2013, the Company's worldwide portfolio consisted of 548 properties
in 48 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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you can identify forward-looking statements by the use of words such as
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“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 – Asia Pacific
Karen Chung, +852 2768 1271
karen.chung@hyatt.com