CHICAGO (February 24, 2022) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Blackfriars Hotels Limited for Hyatt Regency London Blackfriars. Anticipated to open in July 2022, the 204-room Hyatt Regency hotel will join nine additional Hyatt-branded properties in London, marking another milestone in Hyatt’s ambitious brand growth strategy for the U.K. in one of London’s busiest districts.
With global corporations, businesses and law firms calling the surrounding area 'home,' Hyatt Regency London Blackfriars will be intuitively designed with productivity in mind, allowing guests to seamlessly transition between work and play. Conveniently located within close proximity of Blackfriars underground station, the hotel will offer travelers flexibility and the ability to stay connected during their time in London. Guests will also find many cultural hotspots within walking distance, including the dynamic South Bank area, St Paul’s Cathedral and Shakespeare’s Globe theater.
“We are thrilled to announce plans for Hyatt Regency London Blackfriars, a hotel that demonstrates Hyatt’s confidence in London’s position as an attractive destination for both business and leisure travelers,” said Felicity Black Roberts, vice president of development of Europe at Hyatt. “Hyatt Regency London Blackfriars will be an exciting offering to the millions of people who visit the iconic city every year.”
Currently in the stages of an extensive refurbishment program, Hyatt Regency London Blackfriars was a former palace and is a historically protected grade II listed building. The property will feature an all-day New York style bistro, and a specialty Chinese restaurant. The design, while respecting the building’s rich history, aims to delight and exceed the expectations of the modern-day traveler. The hotel will boast a stylish cocktail bar, with a large outdoor space, featuring modern arrangements designed to encourage guests to gather. In addition, the hotel will also offer meeting spaces and a fitness center. Visitors of the hotel will be invited to experience the juxtaposition of a calm oasis in the heart of the city, overlooking the River Thames.
“We are delighted to be working with Hyatt to open Hyatt Regency London Blackfriars, a cutting-edge hotel for leisure and business travelers,” said Mohhamed Galadari, owner of Blackfriars Hotels Limited. “We were instantly attracted to the legacy, premium quality, and reputation offered by the Hyatt Regency brand and its ambition to create a seamless hotel and dining experience for guests. With its smart design features, innovative food and beverage concepts, and a desirable location, Hyatt Regency London Blackfriars is set to become a landmark for generations to come.”
Hyatt Regency London Blackfriars will be the 13th Hyatt-affiliated hotel in the U.K. and the ninth in London joining Hyatt Regency London - The Churchill; Great Scotland Yard Hotel, part of The Unbound Collection by Hyatt portfolio; Andaz London Liverpool Street, Hyatt Place London City East, Hyatt Place London Heathrow Airport, Hyatt Place West London Hayes, as well as the soon to open Hyatt Regency London Stratford and Hyatt House London Stratford.
For more information about Hyatt Regency hotels, please visit: hyattregency.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.
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 December 31, 2021, the Company’s portfolio included more than 1,150 hotel and all-inclusive properties in 70 countries across six continents. The Company's offering includes the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination by HyattTM, Hyatt Regency®, Hyatt®, Hyatt ZivaTM, Hyatt ZilaraTM, Thompson Hotels®, Hyatt Centric®, Caption by Hyatt, JdV by HyattTM, Hyatt House®, Hyatt Place®, UrCove, and Hyatt Residence Club® brands, as well as resort and hotel brands under the AMRTM Collection, including Secrets® Resorts & Spas, Dreams® Resorts & Spas, Breathless Resorts & Spas®, Zoëtry® Wellness & Spa Resorts, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Unlimited Vacation Club®, Amstar DMC destination management services, and Trisept Solutions® technology services. 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. 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, risks associated with the consummation of the Apple Leisure Group (“ALG”) acquisition, including the related incurrence of material additional indebtedness; our ability to successfully integrate ALG's employees and operations into ours; the ability to realize the anticipated benefits of the acquisition of ALG as rapidly or to the extent anticipated; the duration of the COVID-19 pandemic and the pace of recovery following the pandemic, any additional resurgence, or COVID-19 variants; the short and longer-term effects of the COVID-19 pandemic, including the demand for travel, transient and group business, and levels of consumer confidence; the impact of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants, and the impact of actions that governments, businesses, and individuals take in response, on global and regional economies, travel limitations or bans, and economic activity, including the duration and magnitude of its impact on unemployment rates and consumer discretionary spending; the broad distribution and efficacy of COVID-19 vaccines and wide acceptance by the general population of such vaccines; the ability of third-party owners, franchisees, or hospitality venture partners to successfully navigate the impacts of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and the pace of economic recovery following economic downturns; global supply chain constraints and interruptions; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and all-inclusive 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 geo-political 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 such as earthquakes, tsunamis, tornadoes, hurricanes, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, such as the COVID-19 pandemic, 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 property owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and the introduction of new brand concepts; the timing of 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 on our strategy to expand our management and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; declines in the value of our real estate assets; unforeseen terminations of our management or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates and operating costs; foreign exchange rate fluctuations or currency restructurings; 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, including as a result of the COVID-19 pandemic, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and ALG's membership offering; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; violations of regulations or laws related to our franchising business; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K and our Quarterly Reports on Form 10-Q, which filings are available from the SEC. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. 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 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 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.
Milica Ferreira da Silva
Hyatt – Europe, Africa and Middle East and Southwest Asia