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Hyatt Announces Plan for First Hotel in Southeast Asia to Join the Unbound Collection by Hyatt

Located in Vietnam’s emerging resort destination, Nam Nghi Phu Quoc Island set to be refreshed and join The Unbound Collection by Hyatt in early 2019

CHICAGO (December 5, 2018) Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into an agreement with A&B Group for the Nam Nghi Phu Quoc Island to join The Unbound Collection by Hyatt brand by early 2019. This will be the first hotel in Southeast Asia under The Unbound Collection by Hyatt brand.. Nestled within a secluded oasis featuring pristine beaches and the rich biodiversity of Phu Quoc, the 114-room hotel made for travelers looking to fulfill a sense of discovery will grow Hyatt’s resort presence in Vietnam.

“We are pleased to introduce The Unbound Collection by Hyatt brand to Southeast Asia with Nam Nghi Phu Quoc Island, a destination resort where guests will be able to create one-of-a-kind memories and stories amid awe-inspiring, natural surroundings,” said David Udell, group president, Asia-Pacific, Hyatt Hotels Corporation. “We are grateful to celebrate the continued relationship with A&B Group and excited to expand Hyatt’s resort offerings in Vietnam together following our collaboration on the Hyatt Regency Nha Trang, which is expected to open in 2019.”

The resort will be located in Phu Quoc, the largest island in Vietnam circled by pristine white sand beaches spreading across 93 miles (150 kilometers) of coastline. Half the island is within the confines of national park and UNESCO World Heritage-designated, Kien Giang Biosphere Reserve, one of the largest biosphere reserves in Southeast Asia. The reserve features rich marine life, tropical jungles, wetlands and waterfalls.

“The refreshed Nam Nghi Phu Quoc Island will provide local and international guests with exceptional experiences set amid a pristine ecosystem and private sanctuary,” said Ha Van An, chairman, A&B Group. “We are delighted to work with Hyatt and are confident that its international hospitality expertise will enable us to elevate the guest experience at our resort.”

Nam Nghi Phu Quoc Island will feature 51 villas and 63 guestrooms, four dining outlets, meeting spaces, a swimming pool, kids club, and spa and fitness center. With an exceptional location and a picturesque view of the turquoise waters, the resort will be an ideal place for destination weddings and vacation getaways for couples and families.

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

For further information:

About The Unbound Collection by Hyatt

The Unbound Collection by Hyatt brand is a portfolio of new and existing upper-upscale hotel properties, ranging from historic urban gems to contemporary trend-setters, boutique properties to resorts and private home accommodations. Whether it is a fascinating past, an exclusive location, famous architecture and design, or an award-winning dining experience, the properties in the collection provide guests with “social currency” and allow them the freedom to be extraordinary. Current hotel properties include Royal Palms Resort and Spa in Phoenix; The Confidante in Miami Beach, Fla.; Ocean Resort Casino in Atlantic City, N.J., The Eliza Jane in New Orleans; The Bellevue Hotel in Philadelphia; Holston House in Nashville, Tenn.; The Driskill in Austin, Texas; Spirit Ridge in Osoyoos, British Columbia; Hôtel Martinez in Cannes, France; Hôtel du Louvre in Paris (under renovation); Jinmao Hotel Lijiang in Lijiang, China; Nish Palas in Istanbul, and Carmelo Resort & Spa in Uruguay. For more information, please visit unboundcollection.hyatt.com. Follow @UnboundxHyatt on Facebook and Instagram.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 14 premier brands. As of September 30, 2018, the Company's portfolio included more than 750 properties in more than 55 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Ziva, Hyatt Zilara, Hyatt Residence Club® and Exhale® brand names. On November 30, 2018, the Company expanded its hotel and resort portfolio with the inclusion of 74 properties operating under the Alila®, Destination®, Joie de Vivre®, Thompson Hotels® and tommie brands. For more information, please visit www.hyatt.com

Forward-Looking Statement

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, but are not limited to, statements related to the Company’s outlook, estimated Adjusted EBITDA contribution of the transaction, estimated integration-related costs of the transaction, plans, objectives, goals, expectations, beliefs, business strategies, future events, business conditions, business trends and expectations, 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 risks discussed in the Company’s filings with the SEC, including our annual report on Form 10-K and subsequent reports, which filings are available from the SEC. 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:

Angelina Hue
Hyatt – Asia Pacific 
+852 2678 1323
Angelina.Hue@hyatt.com 

Gloria Kennett
Hyatt
+1 312 750 5506
Gloria.Kennett@hyatt.com 


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