CHICAGO--(BUSINESS WIRE)--
Hyatt
Hotels Corporation (NYSE: H) and San
Francisco International Airport (SFO) officially announced today
that a Hyatt affiliate has entered into a management agreement with SFO
to brand and manage a 350-room Grand Hyatt hotel. Located on the airport
grounds, Grand Hyatt San Francisco International Airport is anticipated
to open in mid-2019. Hyatt Hotels Corporation CEO and President Mark
Hoplamazian and SFO Airport Director John L. Martin participated in a
signing ceremony on January 21 at the SFO Aviation Museum in
International Terminal A.
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SFO Airport Director John L. Martin and Mark Hoplamazian, President and CEO, Hyatt. (Photo: Business Wire)
In 2014, SFO, an enterprise department of the City and County of San
Francisco, announced plans to develop a new airport-owned hotel to
enhance the overall offering of the airport. The San Francisco Airport
Commission voted to award the contract to the Grand Hyatt brand under
Hyatt’s management in September 2015, and the San Francisco Board of
Supervisors approved it in December 2015. With this approval, Hyatt is
set to bring its hospitality expertise and award-winning Grand Hyatt
brand to SFO, one of the most important airports in the United States,
which recently achieved a new all-time passenger traffic record of 50
million annual passengers in 2015.
“Realizing a brand new hotel at our world class San Francisco
International Airport has long been part of SFO’s Capital Plan, and I am
pleased with this new relationship with Hyatt,” said San Francisco Mayor
Ed Lee. “The construction and operation of Grand Hyatt San Francisco
International Airport is a major economic win for the entire San
Francisco Bay Area region, creating jobs, revenue, and an even better
world-class experience for travelers at SFO.”
“We look forward to working closely with the team at SFO, which shares
Hyatt’s passion for quality, innovation, service and the creation of a
caring environment for its customers, associates and the community it
serves,” said Mark Hoplamazian, President and CEO, Hyatt. “The Grand
Hyatt project at San Francisco International Airport is consistent with
our company’s objective to grow strategically with great partners and in
gateway destinations where our loyal guests and meeting planners want us
to be.”
Grand Hyatt hotels reflect the unique culture of their locations and
appeal to both travelers and the local community by delivering “moments
of more.” Located at the entrance to SFO, Grand Hyatt San Francisco
International Airport will sit on a 4.7 acre site close to terminal
buildings and parking garages with direct accessibility via an AirTrain
station to the terminals. The hotel is being designed with approximately
350 rooms, 17,500 square feet of flexible meeting space, 24/7 business
center, health club and spa, indoor heated pool, whirlpool, and sauna.
Additionally, the food and beverage offerings will include both
full-service and casual restaurants, wine and sushi bar, and a rooftop
cocktail lounge.
“We are excited to work with Hyatt, a world-renowned brand in guest
hospitality,” said SFO Airport Director John L. Martin. “With this
agreement, we take the first step forward in our vision to create the
most innovative, luxurious, and environmentally sustainable on-airport
hotel in the world.”
Grand Hyatt San Francisco International Airport will be uniquely
designed to reflect its distinct environment within a backdrop of
intuitive service, dramatic architecture and innovative design. During
the signing ceremony, the design-build firm for the hotel was also
announced. Webcor Builders and Hornberger + Worstell Architects will be
spearheading the design work together with SFO and Hyatt’s design team.
The design is envisioned to be among the most innovative and
environmentally friendly airport hotels in the world. SFO will construct
and own the hotel while Hyatt will provide branding and day-to-day
management. Construction on the project is expected to begin in the fall
of 2016, with completion expected in mid-2019. The facility is being
designed to achieve both a four star designation and Leadership in
Energy and Environmental Design (LEED) “Gold” certification for
environmentally sustainable design and operation.
About Grand Hyatt
Around the world, Grand Hyatt hotels unlock the extraordinary in every
moment by creating experiences beyond expectation. Located at the
crossroads of local culture and global business within major gateway
cities and resort destinations, each Grand Hyatt hotel is uniquely
designed to reflect its own distinct environment and provides a hub for
travelers and locals alike. Grand Hyatt hotels exemplify the pursuit of
life lived grandly offering guests superior service, first-class
accommodations and an abundance of options within a multicultural
backdrop of dramatic architecture and innovative design. Grand Hyatt
properties boast inventive restaurants, luxury spas, fitness centers,
and stunning business, meeting and event facilities. The Grand Hyatt
brand stands to make every moment memorable through its commitment to
#LivingGrand every day. For additional information or to make a
reservation, please visit http://www.grandhyatt.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 San Francisco International Airport
San Francisco International Airport (SFO) offers non-stop flights to
more than 40 international cities on 34 international carriers. The Bay
Area's largest airport connects non-stop with 77 cities in the U.S.
on 13 domestic airlines. SFO is proud to offer upgraded free Wi-Fi with
no advertising. For up-to-the-minute departure and arrival information,
airport maps and details on shopping, dining, cultural exhibitions,
ground transportation and more, visit www.flysfo.com.
Follow us on www.twitter.com/flysfo and
www.facebook.com/flysfo.
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 September 30, 2015, the
Company's worldwide portfolio consisted of 627 properties in 52
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