CHICAGO (July 15, 2015) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Arcoris Sdn Bhd, a wholly owned subsidiary of one of Malaysia’s leading developers, UEM Sunrise Berhad (“UEM Sunrise”), for a Hyatt House hotel in Mont’Kiara, Kuala Lumpur. Expected to open in 2017, Hyatt House Kuala Lumpur, Mont’Kiara will mark the first Hyatt House hotel in Malaysia.
Hyatt House Kuala Lumpur, Mont’Kiara will be ideally based for business and leisure travelers, in addition to families, that want to keep their real-life routines rolling, even when they are on the road. The hotel will be ideally located near top international schools, Kuala Lumpur Golf & Country Club and the main business districts of Kuala Lumpur Sentral and Kuala Lumpur City Centre.
“We are delighted to bring the Hyatt House brand to Kuala Lumpur, and we are honored to start our relationship with UEM Sunrise – one of the largest real estate developers in Malaysia,” said Patrick Finn, vice president of real estate and development, Asia Pacific, Hyatt. “We believe that Hyatt House Kuala Lumpur, Mont’Kiara will be able to cater to a growing extended stay market in the Kuala Lumpur area. We look forward to welcoming guests and making them feel at home.”
Located in Mont’Kiara, an affluent suburb located three miles (five kilometers) from central Kuala Lumpur, the hotel will feature approximately 298 guestrooms, a three-meal restaurant, 3,100 square feet (290 square meters) of meeting space, a fitness center, and a sky pool. The hotel will be part of a larger mixed use development, Arcoris Mont’Kiara, which will feature business suites, small home offices (“SoHo”), residential units, and a retail plaza. As with all Hyatt House hotels around the world, Hyatt House Kuala Lumpur, Mont’Kiara will help guests feel the casual comforts of home during their stay.
“We are proud to enter into a management services agreement with Hyatt, and to bring Hyatt’s extended stay experience to Malaysia,” said Managing Director/Chief Executive Officer Anwar Syahrin Abdul Ajib of UEM Sunrise. “Hyatt House Kuala Lumpur, Mont’Kiara completes the overall implementation plan of our award-winning Arcoris Mont’Kiara development, which is being designed by the London-based architectural firm, Foster + Partners. It is a significant milestone that marks UEM Sunrise’s inaugural venture into the hospitality industry as we expand our business portfolio. Hyatt House Kuala Lumpur, Mont’Kiara addresses the needs of businesses and leisure travelers in the affluent Mont’Kiara enclave and its wider surroundings.”
The Hyatt House brand is rooted in extensive research and consumer insights, which indicated that extended stay travelers want to feel connected, welcome and at home, and want a hotel that accommodates this lifestyle. To embody this, Hyatt House hotels offer casual hospitality in a welcoming and warm environment that encourages guests live like residents.
The term “Hyatt” is used herein 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 60 locations throughout the United States. Inspired by extensive research of guest experiences, Hyatt House hotels are designed to welcome residents rather than guests and offer services, amenities, upscale spaces and a casual, comfortable environment that reminds guests of home. Residentially inspired studios and one-bedroom suites feature contemporary full kitchens, living space with flat panel HDTVs and bedrooms with a plush bed. Complimentary Wi-Fi is available throughout the hotel. The Morning Spread, a complimentary full hot breakfast for guests featuring a made-to-order Omelet Bar, is served daily and the H BAR features the Sip+Savor menu and full bar. Public spaces include a 24-hour Workout Room, House Market and laundry facilities. A friendly House Host is available to check-in guests, provide directions or help with other needs to help guests feel at home.
To learn more about Hyatt House or to book a reservation, visit www.hyatthouse.com or call 866-XS-HYATT (866-974-9288).
About Arcoris Mont’Kiara
Arcoris Mont’Kiara is an award-winning mixed-use commercial high-rise development, which has commenced construction in April 2012 and is scheduled for completion in the second half of 2016. Designed by the internationally acclaimed architectural practice, Foster + Partners, Arcoris Mont’Kiara is comprised of five unique and integrated components namely, Arcoris Suites (Business Suites), Arcoris SoHo (Small Office Home Office Suites), Arcoris Residences (Service Residences), a Hyatt House hotel, and Arcoris Plaza (Retail). Strategically located in Kuala Lumpur’s most affluent residential enclave and Malaysia’s premier international zone, Arcoris Mont’Kiara aims to serve as the community epicentre of Mont’Kiara, uniting the people living within it and around it. It is intricately and meticulously crafted, where each component serves a specific function, which integrates with the local and global sustainability of this development. The architectural approach includes lush green landscape with gardens and courtyards to help create a better green community. For further details on this development, please visit www.arcorismontkiara.com.
About UEM Sunrise Berhad
UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) is public-listed company and one of Malaysia’s top property developers. It is the flagship company for real estate investment and property development businesses of UEM Group Berhad (“UEM Group”) and Khazanah Nasional Berhad (“Khazanah”). UEM Group is wholly-owned by Khazanah, an investment holding arm of the Malaysian Government.
The Company has core competencies in macro township development, high-rise residential, commercial, retail, and integrated developments, as well as property management and project & construction services.
UEM Sunrise is the master developer of Nusajaya, and is currently undertaking the development of the Nusajaya, one of the five flagship zones and key drivers of Iskandar Malaysia, Johor into Southeast Asia’s newest regional city. Upon completion, Nusajaya will become the largest fully integrated urban development in Southeast Asia that will provide significant investment, financial and business opportunities to the economic growth and development of the region.
Gerbang Nusajaya, the second phase development of Nusajaya is a 4,551-acre project that will feature various catalytic developments, including Nusajaya Tech Park, Motorsports City, Signature Residences and Gerbang Nusantara. Gerbang Nusajaya will be developed over a period of 25 years and will include components such as retail parks, campus offices and industrial parks, as well as residential precincts.
In the Country’s Central Region, UEM Sunrise is responsible for numerous residential, commercial and integrated developments largely within Kuala Lumpur’s affluent Mont’Kiara enclave, Kuala Lumpur city center, as well as in Shah Alam, Selangor and Seremban, Negeri Sembilan. The Company is also the owner and developer of an urban development in Cyberjaya known as Symphony Hills, an exclusive residential development and the country’s first Connected Intelligent Community (“CIC”) offering smart-home features and community connectivity through high-speed broadband.
UEM Sunrise’s presence extends into Singapore via Marina One and DUO mixed use developments, as well as in Australia, via its Aurora Melbourne Central project. Outside of Asia Pacific, the Company has expanded into Vancouver, Canada through its Quintet mixed use development, and retains a land bank in Durban, South Africa. For further information, please visit www.uemsunrise.com
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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 March 31, 2015, the Company's worldwide portfolio consisted of 599 properties in 50 countries. 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 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.
+1 312 780 5797
Hyatt – Asia Pacific
+852 2768 1234
Nik Surina Suria Nik Abdullah
UEM Sunrise Berhad, Kuala Lumpur
+603 2718 7688