Chicago, September 28^th, 2005 – Hyatt Place, Global Hyatt Corporation’s new entry into the select service segment, is releasing more details and unveiling the first prototype guest room featuring the exciting design elements of the new product.

September 2005—Plateau Spa at Grand Hyatt Hong Kong received the Publisher’s Choice award in the SpaAsia Crystal Awards 2005 recognising Plateau for the commitment and dedication in the development of its unique residential spa concept.

Beginning November 30, 2005, Hyatt Gold Passport® members will be able to redeem their points for incomparable experiences through online auctions at goldpassport.com.

Jim Abrahamson, senior vice president of acquisitions and development for Hyatt Corporation, announced the appointment of several key executives to lead operations, finance, sales, design, owner relations and human resources efforts for Hyatt Place, Hyatt’s first upscale select service brand.

Global Hyatt Corp. and Sunstone Hotel Investors, Inc. (NYSE: SHO) announced today that they have entered into an agreement to acquire the 728­room Century Plaza Hotel & Spa located in Century City, California, on Los Angeles’ chic Westside. Sunstone has agreed to acquire the hotel for approximately $293 million before expenses and renovation costs. Following close of the transaction in the fourth quarter of this year, the property will be repositioned and rebranded as Hyatt Regency Century Plaza and will immediately begin a $22.5 million renovation that will include guest rooms, common space and the addition of a Regency level and Hyatt Regency Club.