News Releases

CHICAGO (November 19, 2024) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Cobbo Bay Developers SA for a new Dreams Resorts & Spas branded resort in the Dominican Republic by the end of the year. Dreams Cap Cana Resort & Spa will feature 519 guestrooms, including 40 villas and 100 swim-up suites, creating an ideal retreat for families seeking a Caribbean getaway.

Located 15 minutes from Punta Cana International Airport, Dreams Cap Cana Resort & Spa will be nestled within the exclusive gated community of Cap Cana, situated on Juanillo Beach and home to one of the largest inland harbor marinas in Central and South America, two amusement parks, a state-of-the-art Los Establos Equestrian Center that houses stables, riding arenas, and polo fields, and an award-winning Punta Espada Jack Nicklaus Signature golf course.

“The Dominican Republic is an integral part of Hyatt’s regional development strategy, and our thoughtful growth enables us to meet the evolving consumer demand for family-friendly, luxury, all-inclusive experiences on the island,” said Cristobal Enriquez, vice president of business development, Hyatt’s Inclusive Collection. “The forthcoming opening of Dreams Cap Cana Resort & Spa is a testament to growing our brand footprint in destinations that matter most to guests, customers, and World of Hyatt members. The resort will be ideally situated on the same stretch of beach as Secrets Cap Cana, Hyatt Zilara Cap Cana, and Hyatt Ziva Cap Cana, further solidifying Hyatt’s Inclusive Collection as the largest portfolio of all-inclusive luxury resorts.”

At Dreams Cap Cana Resort & Spa, families and guests will experience an expansive array of amenities designed to cater to both relaxation and entertainment. Through Unlimited-Luxury^® inclusions, guests will enjoy delectable dining at ten à la carte restaurants, unlimited top-shelf spirits at six bars, 24-hour room and concierge services, daily activities, wow-worthy daytime and nightlife entertainment and a world-class 11,000 sq. ft spa with 13 treatment rooms. Kids can enjoy dedicated programs at the Explorer’s Club and Core Zone Teens Club while adults unwind at one of the resort’s four stunning pools and lazy river, two pickleball courts, a tennis court and state-of-the-art fitness center. The resort also features a theater and flexible meeting spaces, making it an ideal destination for vacations and events alike.

“We’re thrilled to collaborate with Hyatt’s Inclusive Collection and transform this property into Dreams Cap Cana Resort & Spa,” said Harold Cuellar, Executive Vice President, Cobby Bay Developers SA. “Cap Cana is a vibrant destination, and this beachfront investment reflects our shared confidence in the market’s ongoing growth. With the beloved brand attributes of Dreams Resorts & Spas, we’re certain that Dreams Cap Cana Resort & Spa will deliver an exceptional, unforgettable experience for every guest.”

Dreams Cap Cana Resort & Spa enhances Hyatt’s brand footprint in Cap Cana, joining nearby Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Secrets Cap Cana Resort & Spa. Recent 2024 openings in the Dominican Republic include Hyatt Centric Santo Domingo and Secrets Tides Punta Cana, with nearly 20 hotels and resorts in the destination anticipated by the end of 2025.

To learn more about Hyatt’s Inclusive Collection, please visit www.hyattinclusivecollection.com.

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

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About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of September 30, 2024, the Company's portfolio included more than 1,350 hotels and all-inclusive properties in 79 countries across six continents. The Company's offering includes brands in the Timeless Collection, including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt Vacation Club®, Hyatt Place®, Hyatt House®, Hyatt Studios, and UrCove; the Boundless Collection, including Miraval®, Alila®, Andaz®, Thompson Hotels®, Dream® Hotels, Hyatt Centric®, and Caption by Hyatt®; the Independent Collection, including The Unbound Collection by Hyatt®, Destination by Hyatt®, and JdV by Hyatt®; and the Inclusive Collection, including Impression by Secrets, Hyatt Ziva®, Hyatt Zilara®, Zoëtry® Wellness & Spa Resorts, Secrets® Resorts & Spas, Breathless Resorts & Spas®, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith™, Unlimited Vacation Club®, Amstar DMC destination management services, and Trisept Solutions® technology services. 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, outlook, occupancy, the amount by which the Company intends to reduce its real estate asset base, the expected amount of gross proceeds from the sale of such assets, and the anticipated timeframe for such asset dispositions, the number of properties we expect to open in the future, pace and booking trends, the expected timing and payment of dividends, RevPAR trends, our expected Adjusted G&A Expense, our expected capital expenditures, our expected net rooms growth, our expected system-wide RevPAR, our expected one-time integration-related expenses, 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, but are not limited to: general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments, as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geopolitical conditions, including political or civil unrest or changes in trade policy; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters, weather and climate-related events, such as earthquakes, tsunamis, tornadoes, hurricanes, droughts, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; our ability to successfully achieve certain levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to successfully execute our strategy to expand our management and hotels services and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; our ability to maintain effective internal control over financial reporting and disclosure controls and procedures; declines in the value of our real estate assets; unforeseen terminations of our management and hotels services or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; risks associated with the introduction of new brand concepts, including lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; and violations of regulations or laws related to our franchising business and licensing businesses and our international operations; and other risks discussed in the Company's filings with the SEC, including our annual reports on Form 10-K and quarterly reports on Form 10-Q, which filings are available from the SEC. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We do not undertake or assume any 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 law. 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.

MEDIA CONTACT
Alex Del Casale
Hyatt
alex.delcasale@hyatt.com