News Releases

CHICAGO—January 23, 2006—25-year Hyatt Veteran Chuck Floyd, 45, has been promoted to Executive Vice President/Chief Operating Officer for Hyatt Hotels Corporation, based in Chicago. In his new role, Floyd assumes the responsibilities of Hyatt Hotels Corporation’s departing president and longtime company executive Ed Rabin, who retired in December.

Floyd has served as Executive Vice President of Operations since September 2003. In his new role, Floyd is responsible for the management of the company’s 124 hotels and resorts in the U.S., Canada and the Caribbean in addition to overseeing various corporate functions including Sales, Human Resources, Product and Design, Rooms, Food & Beverage and Engineering. He reports to Doug Geoga, President of Global Hyatt Corporation.

“Chuck has been and will continue to be a wonderful leader within our organization and the hospitality industry,” said Geoga. “His dynamic management style is a perfect match for sustaining Hyatt’s presence in the industry and its future growth.”

Floyd has previously served as Senior Vice President of Operations and earlier, Senior Vice President of Sales for Hyatt Hotels Corporation.

Since joining the company in 1981 at the Hyatt Regency Atlanta, Floyd has filled a variety of management positions. He was general manager at Hyatt hotels in Chicago, Minneapolis and San Francisco, where he was appointed Vice President-Managing Director in 1996.

Floyd holds a degree in Hotel Restaurant Administration from Florida State University and is a graduate of Northwestern University’s Kellogg Graduate School of Management’s Executive Development Program. He was nominated for Hyatt’s General Manager of the year in 1992, 1993 and 1994.

He resides in Winnetka, Illinois with his wife and three children.

About Global Hyatt

There are 216 Hyatt hotels and resorts (over 90,000 rooms) in 44 countries around the world, operating under the Hyatt®, Hyatt Regency®, Grand Hyatt® and Park Hyatt® brands. Currently, there are an additional 29 Hyatt hotels and resorts under development, including 10 new hotels in China. Hyatt Corporation (domestic U.S., Canada and Caribbean hotels) and Hyatt International Corporation (international properties) are subsidiaries of Chicago-based Global Hyatt Corporation. Global Hyatt Corporation is also the owner of Hyatt Vacation Ownership, Inc. (timeshare), Hyatt Equities, L.L.C. (hotel ownership), and U.S. Franchise Systems, Inc. (which franchises Hawthorn Suites and Microtel).

In January 2005, Global Hyatt Corporation also added an additional 143 U.S. properties to its growing portfolio with the acquisition of the upscale, limited service AmeriSuites hotel chain. These properties will be renovated and repositioned under the new Hyatt Place select service brand in 2006.

From the U.S. and Canada, reservations for any Hyatt hotel worldwide may be obtained by calling 1-800-233-1234 or logging onto www.hyatt.com.