CHICAGO (May 12, 2022) - Hyatt Hotels Corporation (NYSE: H) today celebrates the opening of Hyatt Regency Erbil Residences in Iraq. Comprised of 93 stylishly furnished serviced apartments, Hyatt Regency Erbil Residences offers a seamless experience for local and international visitors seeking high-quality, long-term accommodation in the prestigious Gulan Park development.
As part of Hyatt’s planned brand expansion in the Middle East, the adjoining 204-guestroom hotel, Hyatt Regency Erbil, is expected to open in 2026. Both properties will be located next to World Trade Center Erbil, which, as a member of World Trade Center Associations, acts as a home for a global business network for trade and investment both locally and internationally.
As part of the Hyatt Regency brand, Hyatt Regency Erbil Residences are intuitively designed with productivity in mind and service the international clientele of the city’s growing global community. A one-minute drive from Erbil International Airport, the residences and the adjoining hotel will provide an energizing hub for travelers seeking a high-touch, extended-stay experience. Visitors can enjoy convenient and direct access to Gulan Park’s luxury shopping mall and professional offices as well as the area’s local cafes and bars.
“We are incredibly excited to announce the opening of Hyatt Regency Erbil Residences,” said Tarkan Aksoy, general manager at Hyatt Regency Erbil Residences. “With a thriving business hub at our doorstep, we are focused on delivering high-quality, energizing service to guests, ensuring that they get the most out of their stay in Iraq. With the opening of the residences, we look forward to laying down foundations in the area for the forthcoming Hyatt Regency Erbil, ahead of its expected opening in 2026.”
For guests looking to immerse themselves in the rich, vivid history of the Kurdistan capital, Hyatt Regency Erbil Residences is minutes away from the city’s historic center. As one of the oldest cities in the world, Erbil boasts an impressive range of stunning ancient architecture to explore. Dating back at least 6,000 years, the infamous Erbil Citadel sits in the heart of the city and is surrounded by medieval minarets, popular museums, bustling market bazaars and beautiful public fountains and recreational parks.
Perfect for business and leisure travelers alike, Hyatt Regency Erbil Residences offers 93 fully furnished apartments with up to 2,400 square feet (222 square meters) of space to enjoy. Inspired by contemporary designs and finished with modern amenities, including fully equipped kitchenettes and living areas, the apartments promise guests a comfortable, stress-free stay.
The property’s stylish terrace bar will create the perfect backdrop for visitors to connect over coffee, shisha, or a selection of luxury herbal teas. The terrace seamlessly transitions into a vibrant social space in the evenings, inviting guests to unwind with one of its signature craft cocktails prepared by an in-house mixologist.
The sophisticated, cozy brasserie restaurant offers elegant interiors and a wide range of specialties and freshly prepared meal options to enjoy. For a lighter bite, the Grab N Go bar’s menu features refreshing drinks, artisan coffees and baked goods, as well as a selection of salads and sandwiches.
Those looking to stick to their routine whilst away from home can also make use of the on-site state-of-the-art gym. With a professional team on hand throughout their stay, guests can experience the comforts of independent living whilst knowing that their every need has been anticipated and taken care of.
To book an apartment at Hyatt Regency Erbil Residences or for more information, please visit this link or call + 964 66 210 1234 or visit hyattregencyerbilresidences.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 Regency
The Hyatt Regency brand prides itself on making travel free from stress and filled with success. More than 220 conveniently located Hyatt Regency urban and resort locations in more than 30 countries around the world serve as the go-to gathering space for every occasion – from efficient personalized, high-touch business meetings to energizing family vacations. The brand offers stress-free environments for seamless gatherings and empathetic service that anticipates guests’ needs. Designed for productivity and peace of mind, Hyatt Regency hotels and resorts offer a full range of services and amenities, including the space to work, engage or relax; notable culinary experiences; technology-enabled ways to collaborate; and expert meeting and event planners who can take care of every detail. For more information, please visit hyattregency.com. Follow @HyattRegency on Facebook, Twitter and Instagram, and tag photos with #HyattRegency.
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 March 31, 2022, the Company’s portfolio included more than 1,150 hotels and all-inclusive properties in 71 countries across six continents. The Company's offering includes the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination by Hyatt™, Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt Zilara™, Thompson Hotels®, Hyatt Centric®, Caption by Hyatt, JdV by Hyatt™, Hyatt House®, Hyatt Place®, UrCove, and Hyatt Residence Club® brands, as well as resort and hotel brands under the AMR™ Collection, including Secrets® Resorts & Spas, Dreams® Resorts & Spas, Breathless Resorts & Spas®, Zoëtry® Wellness & Spa Resorts, Vivid Hotels & 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 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. 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 acquisition of Apple Leisure Group ("ALG"), including the related incurrence of material additional indebtedness; our ability to realize the anticipated benefits of the acquisition of ALG as rapidly or to the extent anticipated, including successfully integrating the ALG business with ours; the duration and severity of the COVID-19 pandemic and the pace of recovery following the pandemic, any additional resurgence, or COVID-19 variants; the short and long-term effects of the COVID-19 pandemic, including on 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 treatments, wide acceptance by the general population of such vaccines, and the availability, use, and effectiveness of COVID-19 testing, including at-home testing kits; 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, 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 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, 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, wages, and other 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 Unlimited Vacation Club paid membership program; 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.
MEDIA CONTACT:
Jennifer Rubin
Hyatt
jennifer.rubin@hyatt.com
Milica Ferreira da Silva
Hyatt – Europe, Africa and Middle East
milica.ferreiradasilva@hyatt.com