CHICAGO--(BUSINESS WIRE)--
Hyatt
Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) today
announced that its Board of Directors has authorized the repurchase of
up to an additional $250 million of the Company’s common stock. The
anticipated share repurchases are evidence of Hyatt’s ongoing commitment
to return meaningful capital to stockholders while continuing to invest
in global growth opportunities. Hyatt has repurchased $2.2 billion of
shares from stockholders since 2011, including $268 million repurchased
in 2016 through November 3, as previously reported.
Repurchases may be made from time to time in the open market, in
privately negotiated transactions, or otherwise, including pursuant to a
Rule 10b5-1 plan, at prices that the Company deems appropriate and
subject to market conditions, applicable law and other factors deemed
relevant in the Company’s sole discretion. The common stock repurchase
program does not obligate the Company to repurchase any dollar amount or
number of shares of common stock and the program may be suspended or
discontinued at any time.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a portfolio of 12 premier brands and 679
properties in 54 countries, as of September 30, 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. These
statements include statements about Hyatt’s share repurchase program and
involve known and unknown risks that are difficult to predict. 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; our ability to successfully execute our
common stock repurchase program; 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161213005976/en/
Source: Hyatt Hotels Corporation