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WYNDHAM CHICAGO OFFICIALLY BECOMES HYATT CHICAGO MAGNIFICENT MILE
Becomes Ninth Chicago-Area Hyatt Hotel and Will Undergo $25M Renovation

CHICAGO (June 11, 2012) – Hyatt Hotels Corporation (NYSE: H) has announced that Wyndham Chicago situated in the heart of the city, has officially been rebranded to Hyatt Chicago Magnificent Mile.  An extensive $25 million renovation will commence in Fall 2012 and will be completed Spring 2013.

Strategically situated just one block from Chicago’s famed Michigan Avenue, steps away from world-class shopping and Lake Michigan, Hyatt Chicago Magnificent Mile is owned by Sunstone Hospitality and managed by Davidson Hotels and Resorts under the Hyatt brand.

The hotel’s 417-guestrooms, including 48 suites offer spectacular views of Chicago’s skyline and Lake Michigan.  All guestrooms and suites will be renovated to Hyatt brand standards and amenities including:

  • Hyatt Grand Bed®
  • Stereo iPod® docking station and Hyatt Plug Panel media center
  • HDTV stations
  • Stylish bathrooms with marble countertops and Portico® amenities
  • Respire Rooms: Hypo-Allergenic Rooms are designed to provide a comfortable sleeping environment especially for allergy sufferers
  • Compact in-room refrigerators
  • Complimentary in-room safes

The hotel’s public areas will be refurbished as well, including new guest check-in area, three-meal restaurant and a fitness center that will double in size, transforming into a premier health club featuring state-of-the-art equipment.

With 14 distinct meeting rooms, offering nearly 18,000 square feet of event space including two ballrooms, Hyatt Chicago Magnificent Mile is the perfect venue for a variety of business and social functions.

“In rebranding the hotel as Hyatt Chicago Magnificent Mile, we are taking a very popular and highly rated hotel and adding to its appeal with the Hyatt branding,” said Chuck Floyd, chief operating officer, North America, Hyatt Hotels Corporation.  “We have a great team in Sunstone and Davidson and look forward to welcoming Hyatt guests from all over the world to the heart of Chicago and provide the kind of authentic hospitality Hyatt is known for.”

The hotel is the newest addition to a collection of 29 Hyatt brand properties worldwide, offering guests restful and contemporary rooms

For more information or to book reservations at Hyatt Chicago Magnificent Mile, please visit www.hyatt.com or call 1 800 233 1234.

For further information:

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 manage, franchise, own and develop hotels and resorts under the Hyatt®, Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place® and Hyatt HouseTM. Hyatt House is changing its brand identity from Hyatt Summerfield Suites®. Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt ResidencesTM and Hyatt Vacation Club®, which is changing its name to Hyatt Residence ClubTM. As of March 31, 2012, the Company's worldwide portfolio consisted of 488 properties in 45 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. These statements include statements about our plans, strategies, occupancy and ADR trends, market share, the number of properties we expect to open in the future, our expected capital expenditures, depreciation and amortization expense, interest expense and effective tax rate, estimates, 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, general economic uncertainty in key global markets, 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; our ability to successfully execute and implement our organizational realignment and the costs associated with such organizational realignment; loss of key personnel, including as a result of our organizational realignment; 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; 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; 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; foreign exchange rate fluctuations or currency restructurings; general volatility of the capital markets; 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.

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Lori Alexander
+1 312 780 5709
lori.alexander@hyatt.com