News Releases

Chicago—January 17, 2005— Business and luxury leisure travelers give Park Hyatt top honor in the annual Global Traveler Magazine’s GT Tested Awards, naming the worldwide luxury brand “Best International Hotel Chain.”

More than 3200 Global Traveler readers participated in the open­ended nomination survey, citing Park Hyatt hotels for being “upscale but not snooty” and “the brand that provides a secluded haven for travelers abroad.”

Park Hyatt also earned kudos for its United States product, placing second in the “Best Domestic Hotel Chain” category, ahead of Four Seasons, Marriott and Hilton.

“The management and employees of Park Hyatt hotels around the world proudly accept this award,” said Bernd Chorengel, president of Hyatt International Corporation. “Catering to our guests’ traveling needs with innovative design and exceptional service are Park Hyatt’s key differentiating qualities.”

“Park Hyatt hotels are an oasis for the business and luxury traveler, and our readers recognize this,” said Francis Gallagher, publisher and CEO of Global Traveler. “Travelers always feel pampered, but more importantly, welcomed.”

The January issue of Global Traveler features Park Hyatt’s “Best International Hotel” recognition along with more than 30 other travel related awards. Awards will be formally presented on January 24, 2005 at the Global Traveler Tested Awards in New York City.

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/exterior design. Featuring 23 hotels in 14 countries, Park Hyatt hotels are situated in:

In 2005, Park Hyatt will open new luxury properties in Buenos Aires, Seoul, Dubai, and Ho Chi Minh City.

For more information about Park Hyatt hotels and resorts, visit Park Hyatt on the Internet at www.parkhyatt.com

There are 215 Hyatt hotels and resorts around the world, which are managed by two separate groups of companies. Subsidiaries of Hyatt International Corporation operate, manage or franchise 91 hotels and resorts in 39 countries, with an additional 24 hotels under development. Hyatt Corporation, a separate company, and its subsidiaries operate, manage, franchise or lease 124 hotels and resorts in the United States, Canada and the Caribbean. Reservations or information for any Hyatt hotel worldwide can be obtained by calling toll­free in the United States and Canada, 1­800­233­1234, your local Hyatt Hotel or Worldwide Sales Office, or your travel planner. Hyatt is accessible on the Internet at www.hyatt.com