News Releases

Hyatt Place and Hyatt House Brands Have Record-Setting 2017 With 48 Hotel Openings Worldwide

Brand expansion accelerated by targeted growth in urban, university and international markets

CHICAGO (January 22, 2018) – The Hyatt Place and Hyatt House brands continue their growth trajectory in key markets with the opening of 48 new hotels between January 1, 2017 and December 31, 2017.

The Hyatt Place brand crossed the 300th hotel threshold with four openings during the last week of December 2017 – Hyatt Place Zhuhai Jinshi in China, Hyatt Place Keystone in Colo., Hyatt Place Hyderabad Banjara Hills in India, and Hyatt Place Knoxville/Downtown in Tenn. Additional brand landmarks included the first Hyatt Place hotels in Australia with Hyatt Place Melbourne, Essendon Fields and Bangkok with Hyatt Place Bangkok Sukhumvit.

In addition, the Hyatt Place brand continues to meet a strong demand and desire for quality, functional hotels near college campuses. Seven openings in cities adjacent to major universities in the United States included Hyatt Place Ann Arbor in Mich., Hyatt Place Chapel Hill/Southern Village in N.C., Hyatt Place Athens/Downtown in Ga., Hyatt Place State College in Penn., Hyatt Place Knoxville/Downtown in Tenn., Hyatt Place Madison/Verona in Wis., and Hyatt Place Blacksburg/University in Va.

The Hyatt House brand also celebrated a number of firsts with the opening 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; Hyatt House Washington D.C./The Wharf, the first Hyatt House hotel to open in the nation’s capital in D.C.’s trendy waterfront neighborhood; Hyatt House Düsseldorf/Andreas Quartier, the first Hyatt House hotel in Germany; Hyatt House Gebze, the first Hyatt House hotel in Turkey; and Hyatt House Mexico City/Santa Fe, the first Hyatt House hotel in Latin America.

The Hyatt Place and Hyatt House brands have grown by 42 percent over the last five years. Combined, there are more than 385 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.

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 300 Hyatt Place locations in Australia, 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 85 locations throughout the United States, China, Germany, Mexico, Turkey, 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.

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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 September 30, 2017, the Company's portfolio included 739 properties in 57 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.

MEDIA CONTACT:
Siân Rylander
Hyatt
+1 312 780 5797
sian.rylander@hyatt.com

 


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