Developers drawn to hotels’ growth in urban centers and unique
customization capabilities
CHICAGO--(BUSINESS WIRE)--
The Hyatt
Place and Hyatt
House brands continue their growth in new markets to meet guests’
needs with the opening of 10 new hotels during the first quarter of
2016. The seven Hyatt Place hotels and three Hyatt House hotels opened
in the first quarter represent approximately 30 percent of the planned
Hyatt-branded select service hotels expected to open in 2016.
“The Hyatt Place and Hyatt House brands allow us to expand Hyatt’s
presence quickly, and often in urban markets where we previously did not
have a presence,” said Steven Dominguez, vice president of global
brands, Hyatt Place and Hyatt House. “Developers appreciate our agility
in flexing the Hyatt Place and Hyatt House design to bring some
customization to this space that hasn’t existed before.”
Newly opened Hyatt Place hotels include:
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Hyatt Place Asheville/Downtown (140 rooms), Asheville, N.C.
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Hyatt Place DFW (137 rooms), Dallas, Tex.
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Hyatt Place Houston/Galleria (157 rooms), Houston, Tex.
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Hyatt Place Lubbock (125 rooms), Lubbock, Tex.
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Hyatt Place Managua (140 rooms), Managua, Nicaragua
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Hyatt Place Park City (122 rooms), Park City, Utah
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Hyatt Place San Juan/City Center (149 rooms), San Juan, P.R.
Newly opened Hyatt House hotels include:
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Hyatt House Dallas/Frisco (132 rooms), Frisco, Tex.
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Hyatt House Denver/Lakewood at Belmar (135 rooms), Lakewood, Colo.
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Hyatt House Naples/5th Avenue (183 rooms), Naples, Fla.
“The Hyatt Place and Hyatt House brands are on a terrific trajectory,”
said Jim Chu, senior vice president, franchise and owner relations for
Hyatt. “Their growth illustrates the success of the select service model
as these brands continue to create value for our guests and owners.”
Combined, there are 316 Hyatt Place and Hyatt House hotels open in more
than 200 cities around the world, building a network that supports both
corporate customers and transient guests. As of December 31, 2015, 58
percent of Hyatt’s base of executed hotel contracts are comprised of
Hyatt Place and Hyatt House hotels. This includes:
-
United States and Canada: More than 45 executed contracts for
Hyatt Place and Hyatt House hotels, within urban and lifestyle
centers, university markets and adaptive re-use developments.
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Latin America: Ten executed contracts for Hyatt Place and Hyatt
House hotels in locations such as São José de Rio Preto, Sorocaba and
Macaé, Brazil; San Salvador, El Salvador; San Pedro Sula, Honduras;
Celaya, Chihuahua and Mexico City, Mexico; and Costa del Este, Panama.
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Europe and Africa: Three executed contracts for Hyatt Place
hotels in London, Zurich and Frankfurt, Germany.
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Middle East and Southwest Asia: More than 20 executed contracts
for Hyatt Place and Hyatt House hotels throughout the Middle East and
Southwest Asia in locations such as Gurgaon, Hyderabad, and Bangalore,
India; Riyadh, Jeddah and Makkah, Saudi Arabia; and Dubai, United Arab
Emirates.
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Asia Pacific: More than 15 executed contracts for Hyatt Place
and Hyatt House hotels throughout Asia in locations including
Melbourne, Australia; Shenzhen, Shanghai, Wuxi, Tianjin, and Beijing,
China; Jakarta, Indonesia; Kuala Lumpur, Malaysia; and Phuket and
Bangkok, Thailand.
To learn more about Hyatt Place hotels or to make a reservation, visit www.hyattplace.com,
and for more information about Hyatt House hotels or to book a
reservation, visit www.hyatthouse.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 Place
Hyatt Place, a brand of Hyatt Hotels Corporation, combines style,
innovation and 24/7 convenience to create a seamless stay with modern
comforts. There are more than 245 Hyatt Place locations in the United
States, Armenia, Chile, China, Costa Rica, Honduras, India, Mexico,
Morocco, Nicaragua, Panama, Puerto Rico, The Netherlands, and United
Arab Emirates. Join the conversation on Facebook
and Instagram,
and tag photos with #HyattPlace and #TheresAPlaceForYou.
About Hyatt House
Hyatt House, a brand of Hyatt Hotels Corporation, launched in 2012 and
offers more than 65 locations throughout the United States, China and
Puerto Rico. Inspired by extensive research into guest experiences,
Hyatt House hotels offer services, amenities, upscale spaces and a
casual, comfortable environment that reminds guests of home. Join the
conversation on Facebook,
and follow Hyatt House on Pinterest for
inspiration on things to do, places to see and more in the neighborhood.
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
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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
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consolidation, and the markets where we operate; general volatility of
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Source: Hyatt Hotels Corporation