CHICAGO--(BUSINESS WIRE)--
Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
has entered into a franchise agreement with Southwest
Value Partners (SWVP) for the development of a Hyatt Regency hotel
in Nashville, Tenn. The hotel will be part of SWVP’s 15-acre mixed use
urban project that includes the redevelopment of the former LifeWay
campus. Expected to open in 2019, the premium, full service hotel will
anchor the northwest corner of Broadway and 10th Avenue and serve as a
gateway to Nashville’s central business district.
“We are pleased to be working with SWVP to bring the Hyatt Regency brand
to Nashville,” said Mark Chase, vice president of real estate and
development for Hyatt. “Nashville is an incredibly dynamic market and a
very important one to our organization. We see a bright future for the
city and believe that the globally recognized Hyatt Regency brand will
resonate with the growing base of business and leisure travelers
visiting Nashville. We look forward to offering our guests and Hyatt’s
loyal group of meeting and event planners an outstanding new lodging
option in this area.”
The Hyatt Regency brand experience is designed around one objective: to
connect today’s travelers to who and what matters most to them. Hyatt
Regency Nashville will offer 540 smartly designed guestrooms, 60,000
square feet of flexible meeting and event facilities, imaginative
culinary experiences, technology enabled multi-functional lobby spaces,
a signature Hyatt StayFit gym, and an outdoor pool. Additionally, the
hotel will feature multiple community gathering places – areas to relax,
meet, engage, and recharge.
“Hyatt Regency Nashville will be the first in a series of excellent
hospitality, creative office, residential, and retail offerings we are
working to bring to the former LifeWay site in Nashville. In addition to
a vibrant live/work/play environment, we expect this project to have a
significant positive impact on jobs and Nashville’s employment base,
alongside increased direct local spending and city/state tax receipts.
We couldn’t be more pleased to kick off this project with Hyatt,” said
SWVP Managing Partners Mark Schlossberg and Cary Mack in a joint
statement.
Guests of Hyatt Regency Nashville will be within walking distance to
Music City Center, the Country Music Hall of Fame and Museum,
Bridgestone Arena, the Frist Center for the Visual Arts, the Johnny Cash
Museum, and Nashville’s Honky Tonks. Business travelers will have
convenient access to Nashville’s central business district, the
Tennessee State Capital, the Gulch, Vanderbilt, Tennessee State and
Belmont Universities, and major corporations in the area, including
Baretta USA, Bridgestone, Hospital Corporation of America, Dollar
General, Nissan North America, and UnderArmour.
For more information about the Hyatt Regency brand, please visit www.hyattregency.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 168 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 SOUTHWEST VALUE PARTNERS
For more information about Southwest Value Partners, please visit www.swvp.com.
ABOUT HYATT HOTELS CORPORATION
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a portfolio of 12 premier brands and 667
properties in 54 countries, as of June 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. 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