Accelerated by targeted growth in urban, lifestyle and university
markets
CHICAGO--(BUSINESS WIRE)--
The Hyatt
Place and Hyatt
House brands continue their growth trajectory in key markets with
the opening of 19 new hotels as of June 7, 2017. A number of these
recent openings represent significant milestones for the Hyatt Place and
Hyatt House brands as hotels continue to open in urban, lifestyle and
university locations.
The Hyatt Place and Hyatt House brands are rooted in extensive consumer
research indicating that guests seek stylish, comfortable, seamless
experiences that accommodate their lifestyles and familiar routines. To
embody this, the two brands offer casual hospitality and purposeful
service in a smartly designed, high-tech and contemporary environment.
The Hyatt Place brand introduced its first hotel in Australia with the
opening of Hyatt
Place Melbourne, Essendon Fields, which is located in the city’s
Central Business District. Additionally, the opening of the Hyatt
Place Edmonton-West marks the second Hyatt Place hotel opening in
Canada. The Hyatt House brand celebrated several milestones with the
openings of Hyatt
House Anchorage, the first Hyatt-branded hotel in Alaska; Hyatt
House New York/Chelsea, the first Hyatt House hotel to open in New
York City; and Hyatt
House Virginia Beach/Oceanfront, the
first oceanfront Hyatt House hotel.
“We expect to open more than 50 Hyatt Place and Hyatt House hotels in
2017, which is a testament to our commitment to strategic growth for
these brands throughout the world,” said Steve Haggerty, Hyatt’s global
head of capital strategy, franchising and select service. “We are proud
that Hyatt Place and Hyatt House hotels continue to open in markets
where our guests are traveling, further demonstrating the overall
strength and resonance of the brands with developers, owners and guests.”
The Hyatt Place brand continues to be a strategic fit for campus
environments as it designed for people living a multitasking lifestyle –
from visiting parents and sports teams to guest lecturers and
prospective students, all guests can appreciate the casual hospitality,
practical amenities and seamless service offered at Hyatt Place hotels.
The recent openings of Hyatt
Place Blacksburg/University, located near Virginia Tech, Hyatt
Place Chapel Hill/Southern Village, located near the University of
North Carolina (UNC), Hyatt
Place Madison/Verona, located near University of Wisconsin-Madison,
and Hyatt
Place State College, located near Pennsylvania State University,
meet a strong demand and desire for quality, functional hotels near
college campuses.
“University markets present us with a great opportunity as Hyatt expands
both the Hyatt Place and Hyatt House brands in communities like Virginia
Tech, UNC and Penn State,” said Julienne Smith, senior vice president of
development for Hyatt Place and Hyatt House in North America. “These
hotels are valued additions to the expanding roster of Hyatt Place and
Hyatt House hotels on or near college campuses, and we look forward to
introducing these innovative brands to more viable locations where our
loyal guests are traveling.”
Combined, there are more than 350 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. Newly opened
Hyatt Place hotels since January 1, 2017 include:
-
Hyatt Place Austin Airport (139 guestrooms) in Austin, Texas
-
Hyatt Place Austin/Round Rock (138 guestrooms) in Round Rock, Texas
-
Hyatt Place Blacksburg/University (123 guestrooms) in Blacksburg, Va.
-
Hyatt Place Boise (150 guestrooms) in Boise, Idaho
-
Hyatt Place Chapel Hill/Southern Village (110 guestrooms) in Chapel
Hill, N.C.
-
Hyatt Place Dallas/The Colony (107 guestrooms) in Colony, Texas
-
Hyatt Place Edmonton-West (161 guestrooms) in Edmonton, Canada
-
Hyatt Place Madison/Verona (136 guestrooms) in Verona, Wisc.
-
Hyatt Place Melbourne, Essendon Fields (166 guestrooms) in Melbourne,
Australia
-
Hyatt Place Rameshwaram (100 guestrooms) in Rameshwaram, India
-
Hyatt Place Sarasota/Lakewood Ranch (122 guestrooms) in Lakewood
Ranch, Fla.
-
Hyatt Place State College (165 guestrooms) in State College, Penn.
-
Hyatt Place West Des Moines/Jordan Creek (123 guestrooms) in West Des
Moines, Iowa
-
Hyatt Place Yinchuan Dayuecheng (203 guestrooms) in Yinchuan, China
Newly opened Hyatt House hotels since January 1, 2017 include:
-
Hyatt House Austin/Downtown (190 guestrooms) in Austin, Texas
-
Hyatt House Anchorage (144 guestrooms) in Anchorage, Alaska
-
Hyatt House New York/Chelsea (150 guestrooms) in New York City
-
Hyatt House Virginia Beach/Oceanfront (156 guestrooms) in Virginia
Beach, Va.
-
Hyatt House Yinchuan Dayuecheng (103 guestrooms) in Yinchuan, China
Global Growth for Hyatt Place and Hyatt House Brands
As of March 31, 2017, more than 50 percent of Hyatt’s base of executed
hotel contracts is comprised of Hyatt Place and Hyatt House hotels,
which are largely expected to materialize over the next five years. This
includes:
-
United States: More than 75 executed contracts for Hyatt Place
and Hyatt House hotels within urban and lifestyle centers, university
markets and adaptive re-use developments in locations including
Athens, Ga.; Dallas; Jersey City, New Jersey; Eugene, Ore.; Santa
Cruz, Calif.; Knoxville, Tenn.; Denver, Colo.; Niagara Falls, NY; San
Francisco; Ann Arbor, Mich.; Ocean City, Md.; Provo and Utah; Carmel,
Calif.; East Moline, Ill.; and Pomona, Calif.
-
Canada: Six executed contracts for Hyatt Place hotels in
locations including Calgary and Edmonton, Alberta; Kelowna and
Vancouver, British Columbia; Mississauga, Ontario; and Winnipeg,
Manitoba
-
Latin America and Caribbean: Five executed contracts for Hyatt
Place and Hyatt House hotels in locations such Bogotá, Colombia;
Macaé, Brazil; Mexico City, Mexico; Oranjestad, Aruba; and San Pedro
Sula, Honduras
-
Europe and Africa: Three executed contracts for Hyatt Place and
Hyatt House hotels in Düsseldorf and Frankfurt, Germany; and Zurich
-
Middle East and Southwest Asia: Ten executed contracts for
Hyatt Place and Hyatt House hotels throughout the Middle East and
Southwest Asia in locations such as Bangalore, Hyderabad and Vadodara,
India; Kathmandu, Nepal; Riyadh and Jeddah, Saudi Arabia; and Dubai,
United Arab Emirates
-
Asia Pacific: More than 30 executed contracts for Hyatt Place
and Hyatt House hotels throughout Asia Pacific in locations including
Beijing, Foshan, Shanghai, Shenzhen, Tianjin, Wuxi, China; Jakarta,
Indonesia; Tokyo Bay, Japan; Kuala Lumpur and Malacca City, Malaysia;
New Taipei City, Taiwan; and Bangkok
For more information, please visit hyatt.com/whysettle.
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 274 Hyatt Place locations in Armenia,
Brazil, Canada, Chile, China, Costa Rica, Honduras, India, Mexico,
Morocco, Nicaragua, Panama, Puerto Rico, Thailand, The Netherlands,
United Arab Emirates, United Kingdom, and the United States. For more
information, please visit hyattplace.com.
Join the conversation on Facebook
and Instagram,
and tag photos with #HyattPlace and #WhySettle.
About Hyatt House
Hyatt House, a brand of Hyatt Hotels Corporation, launched in 2012 and
offers more than 72 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. For more
information, please visit hyatthouse.com.
Join the conversation on Facebook,
and tag photos with #HyattHouse and #WhySettle.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a portfolio of 13 premier brands. As of
March 31, 2017, the Company's portfolio included 708 properties in 56
countries. 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®, Miraval®, 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