WINNIPEG, Manitoba (June 13, 2018) – Kothari Group and Hyatt today announced commencement of construction of a 135-room, six-story Hyatt House hotel in Winnipeg, Manitoba. Kothari Group will be developing and managing the hotel, further adding to its portfolio of hotels and condominium developments in Winnipeg, and Otto Cheng will be the project’s principal architect.
Expected to open in summer 2019, Hyatt House Winnipeg Southwest will be situated in the heart of Seasons of Tuxedo and will offer the conveniences of hotel living with the comforts of home. Located within walking distance from the Outlet Collection Winnipeg and a variety of restaurants, and a short drive to Winnipeg International Airport, Assiniboine Park, University of Manitoba, and Tuxedo Park Industrial area.
“Hyatt House Winnipeg Southwest will be a first class addition to our existing hotel and development portfolio in Winnipeg. We are pleased to team up with Hyatt to develop the first Hyatt House hotel in Winnipeg,” said Anupam Kothari, Kothari Group President.
“Hyatt House Winnipeg Southwest will bring a new and dynamic product to the marketplace and is a great example of our continued focus on growing premium hotels that will attract business and leisure travelers alike,” said Scott Richer, Hyatt’s vice president of real estate and development for Canada. “I want to offer my congratulations and thanks to everyone at Kothari Group who collaborated with us in order to bring this development to fruition.”
Hyatt House Winnipeg Southwest will offer:
For more information, please visit 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 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.
ABOUT KOTHARI GROUP
The Kothari Group was established in 1996. Diversified company with investments in mortgage financing, equipment leasing, real estate development, and hotel management. The group is focused on growth through continued forays in the real estate and financing space. www.kotharigroup.com
For further information:
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 14 premier brands. As of March 31, 2018, the Company's portfolio included more than 700 properties in more than 50 countries across six continents. 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 attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, 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™, Hyatt Residence Club® and exhale® brand names. For more information, please visit www.hyatt.com.
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.
+1 312 780 5797
+1 905 273 4001 ext. 210