The hotel will be located in Renton, WA, fronting Lake Washington
CHICAGO--(BUSINESS WIRE)--
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt
affiliate entered into a management agreement with SECO Development for
a Hyatt Regency hotel in Renton, Washington. Hyatt Regency Lake
Washington at Seattle’s Southport is currently under construction and is
expected to open in 2017.
“We are proud to announce that we are bringing the Hyatt Regency brand
to Southport. Hyatt Regency Lake Washington at Seattle’s Southport is a
hotel experience being designed to cultivate connections and offer
memorable dining experiences, stimulating recreational facilities, and
inspirational meeting services,” stated Michael Christ, CEO, SECO
Development Inc. “We are delighted to be working with Hyatt and
contributing to the economic vitality of the area with this new hotel.”
The 12-story Hyatt Regency Lake Washington at Seattle’s Southport is
situated on a 5.5-acre lakefront site on Lake Washington. Capturing the
beauty of the Puget Sound region, the hotel’s design will offer
panoramic views of Downtown Seattle, the Olympic Mountains, Mt. Rainier,
and Lake Washington. Another design feature that is part of the
destination’s story is the hotel’s 12-floor design, in honor of the
Seattle Seahawk’s 12th Man, the 12s, which is the given name for the
team’s loyal fans.
“The City of Renton strongly supports the development of a waterfront
hotel. Once constructed, this Hyatt Regency hotel will serve as a
critical catalyst for the emerging South Lake Washington neighborhood.
This new development will have a positive impact on our region’s
employment base as well as demand for business services, tourism, and
convention business,” said City of Renton Mayor Denis Law.
Each of the hotel’s 347 rooms, including 31 suites, will be smartly
configured to enhance work or play with seamless connectivity. The
planned terrace gardens, glass art wall structures, and prominent local
art will enhance the guests’ connection with the surrounding Pacific
Northwest region. Hotel guests will also have direct access to Lake
Washington and the adjacent 57-acre Gene Coulon Memorial Beach Park,
which features nature trails and numerous other recreational activities.
Guests will find culinary experiences worth sharing anytime and anywhere
with dining options that will include a waterfront restaurant and bar
with an outdoor dining terrace as well as private dining rooms. The
hotel’s gourmet grab-and-go Market, located off the lobby, will provide
convenient access to locally inspired meals, specialty coffee drinks,
and snacks. In addition, a VIP lounge area known as the Regency Club®,
a full service spa, fitness center, and an indoor pool will be options
for guests.
Whether a meeting of many or a gathering of just a few, Hyatt Regency
Lake Washington at Seattle’s Southport will create effortless
experiences. The hotel will offer approximately 43,000 square feet of
meeting and pre-function space, featuring a 15,000 square foot Grand
Ballroom, a junior ballroom and eight additional break out rooms. A
residentially inspired display kitchen will be integrated directly
within the guest event area. For events al fresco, planners and guests
can take their meetings outside to the hotel’s expansive outdoor,
Northwest garden-landscaped event terraces of up to 12,000 square feet
that overlook Lake Washington. Event facilities also include private
salons and lounges, ideal for weddings and other special events. Among
the space features are changing facilities, full length mirrors, fully
stocked vanities, and restrooms.
“Hyatt Regency Lake Washington at Seattle’s Southport represents an
outstanding opportunity to further Hyatt’s presence in the Pacific
Northwest. We are excited to be a part of the Southport development
project with the very accomplished team of SECO Development,” stated
David Tarr, senior vice president, real estate and development for
Hyatt. “We believe that the globally recognized Hyatt Regency brand will
resonate with the growing base of business and leisure travelers to the
City of Renton, and we look forward to giving them an outstanding new
lodging option in the area.”
Hyatt Regency Lake Washington at Seattle’s Southport is envisioned to be
the premier hotel on Lake Washington, part of a mixed use Southport
development, which will also include luxury apartments, three office
towers, and retail space. Keeping guests conveniently connected to the
places important to them, the hotel will be located 9 miles northeast of
the Seattle-Tacoma International Airport, 11 miles south of Downtown
Seattle, and 7 miles south of Bellevue. The city of Renton boasts
numerous attractions and business destinations such as the Seattle
Seahawks’ headquarters and practice facility and Boeing’s final assembly
plant for 737 commercial aircraft.
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 Regency
The Hyatt Regency brand is an energizing hotel brand that connects
travelers to whom and what matters most to them. More than 150
conveniently located Hyatt Regency urban and resort locations in over 30
countries around the world serve as the go-to gathering space for every
occasion – from efficient business meetings to memorable family
vacations. The brand offers a one-stop experience that puts everything
guests need right at their fingertips. Hyatt Regency hotels and resorts
offer a full range of services and amenities, including notable culinary
experiences; technology-enabled ways to collaborate; the space to work,
engage or relax; and expert planners who take care of every detail. For
more information visit www.hyattregency.com.
About SECO
Incorporated in 1989, SECO Development specializes in infill and
high-end mixed-use projects with an emphasis on residential, hotel,
office, and retail. SECO Development focuses on developing urban sites
while being conscious of and preserving the natural environment. SECO
Development’s vision of incorporating high quality housing with retail,
offices, hotels, and parking structures creates effectively
master-planned communities.
Since its inception, SECO Development has developed more than 3,500
residential units, 160,000 square feet of retail, 800,000 square feet of
office space, two retirement facilities, and two hotels.
The Puget Sound Business Journal ranked SECO Development as one of the
largest residential real estate firms in the Puget Sound region by
residential sales volume in 2006. SECO Development also ranked #1 in the
largest property sale in King County in 2008.
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 Centric™,
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 June 30, 2015, the Company's
worldwide portfolio consisted of 618 properties in 51 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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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
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Source: Hyatt Hotels Corporation