CHICAGO (June 7, 2010) – Hyatt Hotels Corporation (NYSE: H) announced today the signing of management agreements for three new Andaz properties. The hotels will be located in Sanya Sunny Bay, China; Delhi, India; and Providenciales, Turks and Caicos. These planned properties, situated in prime urban and resort locations, will be the latest additions to the expanding Andaz brand, which only three years after its debut, includes 11 properties open or under development in six countries.
Personal and uncomplicated, Andaz is a new hotel experience that blends fresh, engaging hospitality with stylish, vibrant settings, created with simplicity and locality in mind. These new properties will join Andaz Liverpool Street, London (2007), Andaz West Hollywood (2009), Andaz Wall Street (2010) and Andaz San Diego (2010). Andaz 5th Avenue is scheduled to open in New York in summer 2010. Previously announced planned openings include Andaz Austin, Texas; Andaz Amsterdam; and Andaz Papagayo, Costa Rica.
“The Andaz brand is quickly taking hold in the lifestyle hospitality category and is a key component of Hyatt’s strategy of increasing our presence in key markets around the world where we see growth potential,” said Steve Haggerty, global head of real estate and development, Hyatt Hotels Corporation. “The momentum behind Andaz is a testament to the brand’s global appeal, and Hyatt’s well-established reputation as a preferred management company.”
The 183-room Andaz Sanya Sunny Bay, which will be located in a large scale mixed-use resort community on the southern oceanside of China’s Hainan Island, will be complemented by the 196-room Park Hyatt Sanya Sunny Bay and branded villas. With a mountain on one side and a white sand beach facing the South Sea on the other, Andaz Sanya Sunny Bay will offer five restaurants, as well as a 2,500-square-foot ballroom and three meeting rooms. The hotel will share a variety of amenities with Park Hyatt Sanya Sunny Bay, including a Spa Village featuring an outdoor swimming pool, beach club, fitness center, extensive spa facilities and treatment rooms, as well as a restaurant, tea house, and bakery. The hotel will be developed by Sunny Bay Development Company.
Slated to open in 2013, Andaz Delhi, a 323-room hotel with an additional 118 Andaz-branded apartments, will be located in India’s second-largest metropolis which is also a leading economic center. The hotel, which will be developed by Juniper Hotels Private Limited, will be part of the burgeoning Hospitality District, near Indira Gandhi International Airport and close to Delhi’s emerging Central Business District and the commercial hubs of Gurgoan and South Delhi. The hotel will feature a variety of amenities including a lounge, theme bar, two restaurants, spa, and fitness center. Additionally, the property will offer a 7,000-square-foot ballroom and seven meeting rooms. The project, the first Andaz property planned in India, comes two months after Hyatt announced plans to expand its presence in Delhi, Goa, Kolkata and Mumbai, as well as expand into 15 new Indian markets over the next five years.
The 170-key Andaz Turks and Caicos, scheduled to open in 2014 on the central island of Providenciales in Turks and Caicos, will include approximately 76 Andaz-branded condominium residences and three villas which owners can choose to place into an Andaz-managed rental program. Situated on a 21-acre property along a 2,700-foot crescent-shaped oceanfront parcel, the hotel will feature a variety of amenities including several restaurants, an outdoor pool, spa and fitness center. Additionally, the property will offer several options for events and meetings, including five Andaz Studios, two trellised courtyards, an event gallery, and a studio display kitchen. The hotel, which will be developed by the Cloisters Group, will be located approximately 15 minutes by car from Providenciales International Airport.
Global in scale while local in perspective, Andaz delivers an innovative hospitality experience and attentive, uncomplicated service designed to accommodate guests’ personal preferences. Hotels in this unique collection reflect the spirit of their locale, and are dedicated to creating natural and vibrant living spaces where travelers can indulge in their own personal sense of comfort and style. For more information and reservations, visit www.andaz.com.
About Park Hyatt
Intimate and residential in style, Park Hyatt hotels promise elegant and gracious service on a personal scale, and are further distinguished by prime locations and exceptional interior design. Hyatt Hotels & Resorts and its subsidiaries operate 24 Park Hyatt brand hotels. Current locations include: Baku, Beaver Creek, Beijing, Buenos Aires, Canberra, Chicago, Dubai, Goa, Hamburg, Istanbul, Jeddah, Melbourne, Mendoza, Milan, Moscow, Paris, Saigon, Seoul, Shanghai, Sydney, Tokyo, Toronto, Washington, DC and Zurich.
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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 in 45 countries strive to make a difference in the lives of the guests they encounter every day by providing authentic hospitality. The company’s subsidiaries manage, franchise, own and develop hotels and resorts under the Hyatt®, Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place® and Hyatt Summerfield Suites™ brand names and have locations under development on five continents. Hyatt Vacation Ownership, Inc., a Hyatt Hotels Corporation subsidiary, develops and operates vacation ownership properties under the Hyatt Vacation Club® brand. As of March 31, 2010, the company’s worldwide portfolio consisted of 434 properties. For more information, please visit www.hyatt.com.
About Sunny Bay Development Company
Sunny Bay Development Company is a development subsidiary of DTW Group, a leading Chinese logistic company. The DTW Group was founded in 1992, headquartered in Beijing and currently operates 33 integrated logistics distribution centers, 23 international freight forwarding stations, 7 bonded warehouses, 114 network hubs. Through this network DTW Group is present in all major cities and economic regions in China where it provides outstanding services for domestic transportation, international freight forwarding, warehousing and contract logistics services. DTW Group was the former JV partner of Fedex in China.
About Juniper Hotels Private Limited
Juniper Hotels Private Limited (JHPL) is a hotel investment company co-owned by Two Seas Holdings Limited, and Saraf Holdings Limited. JHPL owns Grand Hyatt Mumbai and Hyatt Regency Ahmedabad in Western India, scheduled to open in 2013. Saraf Holdings, a developer of Hyatt hotels in India through its affiliates also own hotels under the Hyatt Regency brand in Kolkata (Eastern India), which opened in 2002; Chennai in Southern India, scheduled to open in 2010; and Kathmandu, a luxury five-star resort in Kathmandu, Nepal, which opened in 2000.
About Cloisters Group
The Cloisters group of companies, which is led by Antonio Dallamano, was established specifically to develop Andaz Turks and Caicos. The partners, who are all long term residents of the Turks and Caicos Islands, have extensive international business experience in development projects.
Forward Looking Statements
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. These statements include statements about our plans, strategies, financial performance, prospects or future events and involve known and unknown risks that are difficult to predict. As a result, 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 depth and duration of the current economic downturn; levels of spending in the business, travel and leisure industries as well as consumer confidence; declines in occupancy and average daily rate; hostilities, including future terrorist attacks, or fear of hostilities that affect travel; travel-related accidents; changes in the tastes and preferences of our customers; relationships with associates and labor unions and changes in labor law; the financial condition of, and our relationships with, third-party property owners, franchisees and hospitality venture partners; risk associated with potential acquisitions and dispositions and the introduction of new brand concepts; changes in the competitive environment in our industry and the markets where we operate; outcomes of legal proceedings; changes in federal, state, local or foreign tax law; fluctuations in currency exchange rates; general volatility of the capital markets and our ability to access the capital markets. A more complete description of these risks and uncertainties can be found in our filings with the Securities and Exchange Commission. 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.
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Hyatt Hotels & Resorts
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