News Releases

Hyatt Signs Lease To Relocate Company’s Global Headquarters To Chicago’s West Loop

Relocation to 150 N. Riverside Plaza Brings Together All Chicago-Based Corporate Colleagues Under One Roof

CHICAGO (December 16, 2014) – Hyatt Hotels Corporation (NYSE: H) today announced that a subsidiary has signed a lease on new office space currently under construction at 150 N. Riverside Plaza in Chicago. Hyatt’s relocation of its global headquarters to the state-of-the-art facility brings together approximately 1,000 colleagues currently based in two separate buildings.

“We are pleased to announce we will be relocating our headquarters to a brand new building that is still under construction along the west side of the Chicago River in the vibrant West Loop neighborhood,” said Mark Hoplamazian, president and chief executive officer, Hyatt Hotels Corporation. “By bringing together all of our Chicago-based corporate colleagues under one roof, we will expand opportunities for our teams to collaborate with each other and continue to contribute to the thriving business community and hospitality industry here in Chicago.”

“In addition to driving efficiencies through this new work space, we’re very excited to enhance the workplace environment in which our colleagues operate so they are positioned for continued success,” said Robb Webb, chief human resources officer, Hyatt Hotels Corporation. “We plan to actively involve our colleagues in the transition process to develop space that promotes creativity and a great employment experience.”

"We are thrilled Hyatt continues to expand its presence in Chicago and capitalize on the city's talent base and access to domestic and global markets,” said Jeff Malehorn, president & chief executive officer of World Business Chicago, which is Mayor Rahm Emanuel’s and the City of Chicago’s public-private economic development entity.

150 N. Riverside Plaza is a 53-story, 1.2 million-square-foot office tower currently under construction in the West Loop along the Chicago River. Hyatt expects to begin transitioning its colleagues to 150 N. Riverside Plaza before the end of 2017.

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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 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 September 30, 2014, the Company's worldwide portfolio consisted of 573 properties in 48 countries. 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 our management, and us 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.

CONTACT:
Danielle Tullier
Hyatt Hotels & Resorts
(312) 780-5227
danielle.tullier@hyatt.com


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