CHICAGO (June 7, 2010) – Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt subsidiary and Sunny Bay Development Company signed management agreements for two hotels, the 196-room Park Hyatt Sanya Sunny Bay and the 183-room Andaz Sanya Sunny Bay. The hotels will be complemented by villas and located in a large scale mixed-use resort community along Sanya Bay, an ocean-side tropical resort destination at the southern tip of Hainan Island. The properties, situated around a man-made lake, will be designed by award-winning Denniston International Architectures & Planners Ltd.
The unique combination of Hyatt’s premier, world-class luxury Park Hyatt brand and its personal and uncomplicated Andaz brand in one resort location will provide upscale travelers with the opportunity to choose the authentic hospitality experience that best suits their tastes in one of China’s leading tourist destinations. Surrounded by a mountain on one side and a white sand beach facing the South Sea on the other, these properties will provide the scenic yet secluded feel desired by guests.
“We are delighted to bring our Park Hyatt brand, which has a long and successful history in the region, and Andaz, one of our newest brands, together in this spectacular resort development in one of China’s most beautiful tourist destinations,” said Nong Xia, senior vice president of real estate and development for Hyatt Hotels & Resorts in China. “Park Hyatt Sanya Sunny Bay and Andaz Sanya Sunny Bay represent our strategy of increasing our presence in key emerging markets around the world where we see growth potential for our well-rounded portfolio of brands.”
Park Hyatt Sanya Sunny Bay will feature the extraordinary design and quality the brand has established in many of the world’s major cities and resort locations. Amenities will include a variety of food and beverage options, including a main dining room, pool house, bath house, tea house, tasting room, and library. Additionally, meeting space will include a pre-function area, banquet room, four meetings rooms, and a board room.
Reflective of the Andaz brand’s fresh, stylish blend of engaging hospitality and vibrant settings, Andaz Sanya Sunny Bay will offer five restaurants featuring wood oven, table BBQ, teppan, steam boat, and yakitory options. The hotel will also include a 2,500-square-foot ballroom and three meeting rooms.
The hotels will share a variety of amenities located in Spa Village at the center of the resort, including an outdoor swimming pool, beach club, fitness center, extensive spa facilities and treatment rooms, as well as a restaurant, tea house and bakery.
“We are proud of the opportunity to partner with Hyatt to bring its first Andaz hotel to China,” said Wang Shu-sheng, chairman of Sunny Bay Development Company, the developer and owning company of these two hotels. “By combining the prestige and high-quality service of Hyatt’s Park Hyatt and Andaz brands in one magnificent resort location, we believe we are creating the best tourist destination this area will offer.”
The Park Hyatt and Andaz properties will be located near Sanya’s major tourist attractions, including the nearly five-mile crescent-shaped beach at Yalong Bay; the Nanshan Cultural Tourism Zone, which is one of the largest cultural tourist attractions in China; and the End of the World (Tian Ya Hai Jiao), a famous scenic beauty spot and popular destination for travelers.
About Park Hyatt
Intimate and residential in style, Park Hyatt hotels promise gracious service on a personal scale. Located in many of the world’s premier destinations, each Park Hyatt combines elegance with distinctive regional character. Park Hyatt hotels feature sophisticated interiors, meeting and special event spaces for small groups and social occasions, critically acclaimed art programs, and signature restaurants featuring award-winning chefs. For more information and reservations, visit www.parkhyatt.com.
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 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.
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 U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K. 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.
# # #
For further information:
Hyatt Hotels & Resorts
+1 312 780 5506