CHICAGO--(BUSINESS WIRE)--
Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
has entered into a management agreement with Fu Wah New Zealand for a Park
Hyatt hotel in Auckland, New Zealand. Expected to open in 2017, Park
Hyatt Auckland will mark Hyatt’s return to New Zealand, and the first
Park Hyatt-branded hotel to open in Auckland.
Expected to open in 2017, Park Hyatt Auckland will be nestled in a prime waterfront location on Auckland Harbour. (Graphic: Business Wire)
“This has been an exciting year for the Park Hyatt brand, and we are
honored to collaborate with Fu Wah New Zealand on this landmark luxury
development,” said
Ratnesh Verma
, senior vice president, real estate and
development, Asia Pacific, Hyatt. “Fu Wah New Zealand believes in the
Park Hyatt brand, having recently purchased
Park Hyatt Melbourne
, and we
are confident Park Hyatt Auckland will provide guests with the luxurious
accommodations, culinary expertise and high-quality service for which
the Park Hyatt brand is known. We remain committed to growing the brand
in culturally rich cities like Auckland.”
Park Hyatt Auckland will feature 190 luxurious guestrooms, three
restaurants and bars, event spaces, a spa, a 25-meter pool, and a
fitness center. Park Hyatt Auckland will be nestled in a prime
waterfront location on Auckland Harbour, which is expected to undergo a
major revitalization to turn the area into a world-class leisure,
entertainment, culture, and dining destination.
The announcement of the Park Hyatt Auckland development complements a
milestone year for the Park Hyatt brand globally, with the opening of Park
Hyatt Vienna in June, followed by Park
Hyatt New York in August. In addition to these recent openings,
there are 16 previously announced Park Hyatt hotels currently in
development around the world.
About Park Hyatt
Park Hyatt hotels provide discerning, affluent business and leisure
guests with elegant and luxurious accommodations. Guests of Park Hyatt
hotels receive highly attentive personal service in an intimate
environment. Located in several of the world's premier destinations,
each Park Hyatt hotel is custom designed to combine sophistication with
a distinctive regional character. Park Hyatt hotels feature
well-appointed guestrooms, meeting and special event spaces for groups,
critically acclaimed art, food and beverage programs and signature
restaurants featuring award-winning chefs. There are currently 34 Park
Hyatt hotels in the following locations: Abu Dhabi, Beaver Creek,
Beijing, Buenos Aires, Busan, Canberra, Carlsbad, Changbaishan, Chennai,
Chicago, Dubai, Goa, Hamburg, Hyderabad, Istanbul, Jeddah, Maldives,
Melbourne, Mendoza, Milan, Moscow, New York, Ningbo, Paris, Saigon,
Seoul, Shanghai,
Siem Reap
, Sydney, Tokyo, Toronto, Vienna, Washington
D.C. and Zurich. For more information, visit parkhyatt.com.
The term “Hyatt” is used in this release for convenience to refer to
Hyatt Hotels Corporation and/or one or more of its affiliates.
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 develop,
own, operate, manage, franchise, license or provide services to hotels,
resorts, branded residences and vacation ownership properties,
including under the Hyatt®, Park Hyatt®, Andaz®, Grand
Hyatt®, Hyatt Regency®, Hyatt Place®, Hyatt House®,
Hyatt Zilara™,
Hyatt Ziva
™, Hyatt Residences® and Hyatt
Residence Club® brand names and have locations on six
continents. As of September 30, 2014, the Company's worldwide portfolio
consisted of 573 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
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