Manchester Grand Hyatt San Diego will present the grand redesign of
its guestrooms to select meeting planners attending the
Professional Convention Management Association's (PCMA) 2012
Convening Leaders meeting in San Diego beginning January 8. Slated
to begin in May 2012 and completed in fall 2013, the entire hotel
will be renovated, including meeting and public space, as well as
food and beverage outlets and guestrooms.
In a three-phase transformation, the new guestrooms, suites and
Grand Club Rooms will become intimate spaces offering a timeless
urban feel with subtle nods to the maritime lifestyle at the heart
of San Diego. Tailored details will include warm teak wood tones
contrasting crisp white and color tones that change with the
movement of the sun across the sky. All guest rooms will receive
new carpeting, curtains, wall coverings, bed coverings, lampshades
and wall art. New paint and wallpaper will give the bathrooms a
fresh look as well. The guestroom corridors will also have fresh
carpet and new wall coverings, and in the hotel's public areas will
also be updated.
The new owner of Manchester Grand Hyatt San Diego, a subsidiary
of Host Hotels & Resorts, Inc. (NYSE: HST), purchased the
1,625-room property in March 2011 for $570 million. The original
tower of the hotel opened in 1992, and the second tower was
launched in 2003.
"Meeting planners and attendees have our guarantee we will
continue to provide exceptional, authentic hospitality as we
transition this San Diego landmark," said John Schafer, vice
president, managing director, Manchester Grand Hyatt San Diego.
"The renovation will enhance the exceptional service and amenities
that guests of the hotel have come to expect. We are very
appreciative of our owner's commitment to Hyatt and are thrilled to
have a long term agreement to manage the hotel."
The renovation of the downtown, waterfront Hyatt coincides with
several recent, positive actions that cumulatively will play a
vital role in the future of San Diego's tourism industry, including
the current $1 billion airport expansion and the planned $29.6
million North Embarcadero improvement project.
"Host is excited about our growing role in San Diego's dynamic
tourism industry," said Minaz Abji, executive vice president of
asset management with Host Hotels & Resorts, Inc. "We are very
optimistic about the region's continued success and pleased to be
working with Hyatt in serving the area."
"Having Host own and Hyatt operate one of San Diego's premier
convention hotels is good for the city," noted San Diego Mayor
Jerry Sanders. "The success of these hospitality-industry icons
speaks for itself. Both organizations have outstanding reputations
and are important partners in the citywide effort to sustain and
grow San Diego's vital tourism industry."
With this relationship, both Hyatt and Host continue to increase
their presence in San Diego. Since 2010, Hyatt has added Park Hyatt
Aviara Resort, Andaz San Diego and Hyatt Summerfield Suites San
Diego/Carlsbad to its roster of longtime San Diego properties:
Hyatt Regency Mission Bay Spa and Marina, Hyatt Regency La Jolla
and Manchester Grand Hyatt. Host's acquisition of Manchester Grand
Hyatt brings the number of San Diego area hotel rooms it owns to
over 4,600.
About Manchester Grand Hyatt San Diego
2011 Located on the Gaslamp Quarter's waterfront, Manchester
Grand Hyatt San Diego overlooks San Diego Bay and many rooms offer
spectacular views of the Pacific Ocean too. This urban resort
defines San Diego's skyline and is comprised of two stylish towers,
the 33-story Seaport Tower and the 40-story Harbor Tower, the
latter of which is 497-feet tall, making it the tallest building on
the west coast waterfront. Connecting the two towers is a
four-story building that boasts a rooftop pool with a 25,000
square-foot deck. The stylish Hyatt includes 95 one-and-two-bedroom
suites, Kin Spa with a full-service salon and an adults-only pool
at adjacent Kin Oasis, tennis courts, bay-view pool and deck, a
fitness center and several award-winning restaurants and lounges --
most all overlooking the bay. It is adjacent to Seaport Village,
near Horton Plaza and convenient to San Diego International
Airport, San Diego Zoo and Sea World. For more information, call
(619) 232-1234 and visit www.ManchesterGrand.Hyatt.com. The hotel's
latest news, special offers and information on upcoming events is
also found at www.facebook.com/manchestergrandhyattsd on twitter
@ManchGrandHyatt.
About Host Hotels & Resorts Host
Hotels & Resorts, Inc. is an S&P 500 and Fortune 500
company and is the largest lodging real estate investment trust and
one of the largest owners of luxury and upper-upscale hotels. The
Company currently owns 105 properties in the United States and 16
properties internationally totaling approximately 65,000 rooms. The
Company also holds non-controlling interests in a joint venture in
Europe that owns 13 hotels with approximately 4,200 rooms and a
joint venture in India that is developing seven hotels in three
cities with approximately 1,800 rooms. Guided by a disciplined
approach to capital allocation and aggressive asset management, the
Company partners with premium brands such as Marriott®,
Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, Le Meridien®,
The Luxury Collection®, Hyatt®, Fairmont®, Four Seasons®, Hilton®,
Swissotel®, ibis®, Pullman® and Novotel®* in the operation of
properties in over 50 major markets worldwide. For additional
information, please visit the Company's website at
www.hosthotels.com.
Note: This press release contains forward-looking statements
within the meaning of federal securities regulations. These
forward-looking statements are identified by their use of terms and
phrases such as "anticipate," "believe," "could," "estimate,"
"expect," "intend," "may," "should," "plan," "predict," "project,"
"will," "continue" and other similar terms and phrases, including
references to assumption and forecasts of future results.
Forward-looking statements are not guarantees of future performance
and involve known and unknown risks, uncertainties and other
factors which may cause the actual results to differ materially
from those anticipated at the time the forward-looking statements
are made. These risks include, but are not limited to: national and
local economic and business conditions, including the potential for
terrorist attacks, that will affect occupancy rates at our hotels
and the demand for hotel products and services; operating risks
associated with the hotel business; risks associated with the level
of our indebtedness and our ability to meet covenants in our debt
agreements; relationships with property managers; our ability to
maintain our properties in a first-class manner, including meeting
capital expenditure requirements; our ability to compete
effectively in areas such as access, location, quality of
accommodations and room rate structures; changes in travel
patterns, taxes and government regulations which influence or
determine wages, prices, construction procedures and costs; our
ability to complete acquisitions and dispositions; and our ability
to continue to satisfy complex rules in order for us to remain a
REIT for federal income tax purposes and other risks and
uncertainties associated with our business described in the
Company's filings with the SEC. Although the Company believes the
expectations reflected in such forward-looking statements are based
upon reasonable assumptions, it can give no assurance that the
expectations will be attained or that any deviation will not be
material. All information in this release is as of the date of this
release, and the Company undertakes no obligation to update any
forward-looking statement to conform the statement to actual
results or changes in the Company's expectations.
* This press release contains registered trademarks that are the
exclusive property of their respective owners. None of the owners
of these trademarks has any responsibility or liability for any
information contained in this press release.
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Contacts: Kelly Commerford, CHME Manchester Grand Hyatt San
Diego (619) 358-6670 Email Contact John Brice Brice &
Associates (858) 405-4622 Email Contact
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