Hotel to mark the Hyatt Regency brand’s much anticipated return to
Australia’s largest city
CHICAGO--(BUSINESS WIRE)--
Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
has entered into a management agreement with a M&L Hospitality affiliate
for a Hyatt Regency hotel in Sydney, Australia. The hotel, located at
161 Sussex Street and previously part of the Four Points by Sheraton
brand, will be rebranded to Hyatt Regency Sydney at midnight on November
30, 2016, marking the Hyatt Regency brand’s return to Sydney.
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The hotel, located at 161 Sussex Street and previously part of the Four Points by Sheraton brand, will be rebranded to Hyatt Regency Sydney at midnight on November 30, 2016, marking the Hyatt Regency brand’s return to Sydney. (Photo: Business Wire)
Hyatt Regency Sydney will enter the Australian market during a time of
growing demand for business, Meetings, Incentives, Conferences and
Exhibitions (MICE) and leisure travel. According to the Australian
Bureau of Statistics, the market saw 7.6 million visitor arrivals
for the year ending February 2016, which was an increase of 9 percent
compared to the previous year.
“We are thrilled to work with M&L Hospitality to bring the Hyatt Regency
brand back to Sydney,” said David Udell, group president – Asia Pacific,
Hyatt Hotels Corporation. “Hyatt hotels have been operating in Australia
for more than 30 years, providing a solid foundation for future growth
in what is a dynamic market. This hotel will resonate with business and
leisure travelers alike, and furthermore, we believe this hotel will be
a leader in providing outstanding exhibition and function spaces so
meeting planners can enable attendees to have a great experience.”
Following a significant $250 million redevelopment and refurbishment,
Hyatt Regency Sydney will enjoy an unparalleled location in the Sydney
Central Business District adjacent to Darling Harbour, providing the
perfect setting for corporate, leisure and meeting and events programs.
This expansion will also include a new 24-story tower and 222 additional
guestrooms, making Hyatt Regency Sydney the largest upscale, full
service hotel in Australia with a total room count of 892. Additionally,
the hotel will introduce a 272-seat all day dining restaurant, which
will build off Hyatt’s history of culinary excellence, and will also
feature the only hotel rooftop bar in Sydney and a Regency Club lounge
with stunning panoramic views of the harbor.
The hotel will feature more than 37,100 square feet (3,450 square
meters) of state-of-the-art meeting spaces for events, including two
ballrooms that can seat more than 1,000 people, which will be part of
the new pillar-less convention center with panoramic views of Darling
Harbour. With a four-ton car lift and a four-ton goods lift, as well as
a separate coach check-in facility for expedited registration for large
groups, the hotel is positioned to become the preferred choice for
conference organizers locally and globally.
For more information, please visit www.hyatt.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 REGENCY
The Hyatt Regency brand prides itself on connecting travelers to who and
what matters most to them. More than 160 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 can take care of every detail. For more
information visit www.hyattregency.com.
ABOUT HYATT HOTELS CORPORATION
Hyatt Hotels Corporation (NYSE: H), headquartered in Chicago, is a
leading global hospitality company with a portfolio of 12 premier brands
and 652 properties in 53 countries, as of March 31, 2016. The Company's
purpose to care for people so they can be their best informs its
business decisions and growth strategy and is intended to create value
for shareholders, build relationships with guests and attract the best
colleagues in the industry. 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 Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®,
Andaz®, Hyatt Centric™, The Unbound Collection by Hyatt™, Hyatt Place®,
Hyatt House®, Hyatt Ziva™, Hyatt Zilara™ and Hyatt
Residence Club® brand names and have locations on six
continents. 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 our actual results,
performance or achievements 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; the financial condition of, and our
relationships with, third-party property owners, franchisees and
hospitality venture partners; the possible inability of third-party
owners, franchisees or development partners to access the capital
necessary to fund current operations or implement our plans for growth;
risks associated with potential acquisitions and dispositions and the
introduction of new brand concepts; changes in the competitive
environment in our industry, including as a result of industry
consolidation, and the markets where we operate; general volatility of
the capital markets and our ability to access such 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 U.S. Securities and Exchange Commission.
These factors are not necessarily all of the important factors that
could cause our actual results, performance or achievements to differ
materially from those expressed in or implied by any of our
forward-looking statements. We caution you not to place undue
reliance on any forward-looking statements, which are made only 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 law. 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