Expansion plans include the introduction of the
Hyatt Centric brand to the Middle East and the return of a
Hyatt-branded hotel to Kuwait
Hyatt Hotels Corporation (NYSE: H) announced plans to expand
Hyatt’s brand footprint in the Middle East and Gulf Cooperation
Council (GCC) with the signing of management agreements by a Hyatt
affiliate for 14 Hyatt-branded hotels across the Park Hyatt, Grand
Hyatt, Hyatt Regency, Hyatt Centric, Hyatt Place, and Hyatt House
brands. There are currently 14 Hyatt-branded hotels open in the
Middle East and GCC, and the expected openings of these 14
Hyatt-branded hotels would double Hyatt’s brand presence in the
region within the next few years.
“We believe the new agreements being announced today, along with
the previously announced properties under development, demonstrate
growing confidence among owners and developers in the strength of
Hyatt-branded hotels in the Middle East and GCC,” said Peter
Norman, senior vice president of development with responsibility
for the Europe, Africa and Middle East and Southwest Asia regions
for Hyatt. “Today’s announcement marks a significant milestone
for Hyatt – the introduction of the Hyatt Centric brand to the
Middle East. The growth opportunity in this region is a testament
to the global appeal of Hyatt’s entire brand portfolio as it
continues to expand worldwide and offer more choices to our
guests.”
Park Hyatt
Park Hyatt Riyadh will be located on King Fahd Road in
the Olaya District in the city of Riyadh. The hotel will be
situated near the Kingdom Center and the Al Faisaliah Center. The
275-room hotel, designed by Skidmore, Owings & Merrill LLP,
will serve guests with highly personalized service; renowned art
and design; a profound reverence for culture; and exceptional food.
Additional features will include three restaurants, a lounge and
15,600 square feet (1,450 square meters) of meeting and event
space, including a 10,760-square-foot (1,000-square-meter) ballroom
and a spa and fitness center.
Park Hyatt Doha will offer a new, personalized luxury
experience to the dynamic city of Doha. As the second Hyatt-branded
property in Qatar, Park Hyatt Doha will feature 181 guestrooms and
suites, two restaurants and a terrace lounge. In addition to more
than 21,520 square feet (2,000 square meters) of meeting and event
space, the hotel will offer more than 18,800 square feet (1,750
square meters) of recreation and leisure facilities, including a
pool, spa and fitness center.
For more information, please visit parkhyatt.com.
Grand Hyatt
Grand Hyatt Kuwait will be meticulously designed to
exemplify the Grand Hyatt brand’s signature level of grandeur with
an abundance of options for creating spectacular experiences. The
hotel will be an integral part of 360 MALL, an iconic premier
luxury shopping destination that integrates retail, leisure and
entertainment under one roof. The 261-room hotel will be located
seven miles from downtown on 6th Ring Road and will be within close
proximity to various embassies, government ministries and the
Kuwait International Airport. Grand Hyatt Kuwait will feature 261
guestrooms, four dining options and first class meeting and events
facilities that will cater to government, business and social
events in the city. As with all Grand Hyatt hotels, this new
development will offer guests a sophisticated environment, based on
innovative design and architecture complementing Kuwait’s unique
culture.
Grand Hyatt Abu Dhabi Hotel and Residences Emirates Pearl
will be centrally located in the heart of Abu Dhabi. Destined to be
iconic, the 47-story hotel will be located on the southwest end of
the Coastal Boulevard in the prestigious Ras Al Akhdar district of
central Abu Dhabi. The hotel will feature 368 guestrooms, 60 fully
furnished service apartments, four restaurants, a lounge, two bars,
extensive meeting facilities, and a sophisticated spa and fitness
center. The hotel will be designed by Dennis Lems Architects
Associates, with interiors by MKV Design of London.
For more information, please visit grandhyatt.com.
Hyatt Regency
Hyatt Regency Jeddah will offer a range of amenities, as
well as spaces that will make the hotel a go-to gathering place for
any occasion. Located in Jeddah’s Al Aziziyah neighborhood, the
19-story hotel will be well-equipped with more than 500 guestrooms
and serviced apartments, a lobby lounge, two diverse dining options
that will suit all palates, a signature ballroom equipped with
facilities synonymous with the Hyatt Regency brand, and wellness
and fitness facilities. Attached to one of the largest retail malls
in Jeddah, Serafi Mega Mall, the hotel will serve as a perfect
venue for both leisure and business travelers visiting the
city.
Hyatt Regency Aqaba Ayla will be designed to connect
today’s travelers to who and what matters most to them. As the
first hotel to open within the prestigious Ayla development in
Jordan, a master-planned, multiphase development on the northern
shores of Aqaba, the 286-room Hyatt Regency hotel will feature
smartly designed guestrooms and five dining options that will offer
different creative cuisines. Guests can also enjoy pool, fitness
and spa facilities and a kids club. Superior conference and event
facilities will be available, with approximately 3,200 square feet
of meeting space, including a 1,870-square-foot ballroom ideal for
social events and meetings. The hotel’s location in the impressive
Ayla development’s Marina Village will offer guests numerous
retail, dining and entertainment venues, as well as 10 miles (17
kilometers) of newly created waterfront. Guests will also be able
to enjoy Jordan’s first 18-hole golf course, designed by Greg
Norman.
For more information, please visit hyattregency.com.
Hyatt Centric
Hyatt Centric The Palm Dubai is being developed by wasl
Hospitality LLC and will feature twin 15-story hotel towers located
at the center of the iconic Palm Jumeirah, keeping guests in the
middle of the action while encouraging them to explore and discover
the city’s rich culture, heritage and attractions. The hotel will
feature 217 guestrooms and 116 serviced apartments, as well as a
fitness center, spa, four restaurants, meeting facilities, and
beachfront access. Created for the millennial-minded traveler, the
hotel will be strategically located in the center of the
destination to provide guests with easy access to several of
Dubai’s key landmarks including the Mall of the Emirates, Dubai
Mall, Marina Mall, Jumeirah Beach, Dubai Marina, several golf
courses and much more.
Hyatt Centric West Bay Doha will be developed by Al
Rayyan Tourism Investment Company (ARTIC), and will be centrally
located in the heart of Doha’s West Bay business district. The
32-floor tower will feature 238 guestrooms and suites, as well as
83 serviced apartments, event space with two ballrooms, two
restaurants, a coffee shop, fitness center, spa, and swimming pool
on the 17th floor with beautiful views of the bay and the city. The
two dining options will be located on the highest floors and offer
spectacular views of the sea and will invite a relaxed ambiance
after a day of work or exploring Doha’s rich culture.
For more information please visit hyattcentric.com.
Hyatt Place and Hyatt
House
The Hyatt Place and Hyatt House brands are designed to deliver
seamless experiences that are authentic, intuitive and modern,
allowing business travelers to remain productive and worry free,
without skipping a beat. Six Hyatt Place and Hyatt House hotels are
expected to open in the GCC in the next three years, including
Hyatt Place Riyadh/KAFD and Hyatt House Riyadh/KAFD, Hyatt Place
Riyadh/Sulaimaniya, Hyatt Place Dubai/Wasl District and Hyatt Place
Dubai/Wasl District Residences, Hyatt Place Dubai/Al Mina, and
Hyatt House Jeddah/Sari Street.
For more information, please visit hyattplace.com and
hyatthouse.com.
Hyatt-branded hotels currently open in the Middle East and GCC
include:
- Jordan: Grand Hyatt Amman
- Kingdom of Saudi Arabia: Park
Hyatt Jeddah – Marina, Club and Spa, Hyatt Regency Makkah Jabal
Omar, and Hyatt Regency Riyadh Olaya
- State of Qatar: Grand Hyatt Doha
Hotel & Villas
- Sultanate of Oman: Grand Hyatt
Muscat
- United Arab Emirates: Park Hyatt
Abu Dhabi Hotel and Villas, Park Hyatt Dubai, Grand Hyatt Dubai,
Hyatt Capital Gate, Abu Dhabi, Hyatt Place Dubai Baniyas Square,
Hyatt Place Dubai/Al Rigga, Hyatt Regency Dubai and Hyatt Regency
Dubai Creek Heights
For more information, please visit hyatt.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 with a portfolio of 13 premier brands.
As of December 31, 2016, the Company's portfolio included 698
properties in 56 countries. 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 create value for shareholders,
build relationships with guests and attract the best colleagues in
the industry. The Company's subsidiaries develop, own, operate,
manage, franchise, license or provide services to hotels, resorts,
branded residences and vacation ownership properties, 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™ and
Hyatt Residence Club® brand names and have locations on six
continents. For more information, please visit 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
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some cases, you can identify forward-looking statements by the use
of words such as “may,” “could,” “expect,” “intend,” “plan,”
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of these terms and similar expressions, or the negative of these
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necessarily based upon estimates and assumptions that, while
considered reasonable by us and our management, are inherently
uncertain. Factors that may cause our actual results, performance
or achievements to differ materially from current expectations
include, among others, the rate and pace of economic recovery
following economic downturns; levels of spending in business and
leisure segments as well as consumer confidence; declines in
occupancy and average daily rate; 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 the 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; changes in the competitive environment in our
industry, including as a result of industry consolidation, and the
markets where we operate; general volatility of the capital markets
and our ability to access such markets; and other risks discussed
in the Company's filings with the U.S. Securities and Exchange
Commission, including our Annual Report on Form 10-K, which filings
are available from the U.S. Securities and Exchange
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important factors that could cause our actual results, performance
or achievements to differ materially from those expressed in or
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will make additional updates with respect to those or other
forward-looking statements.
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HyattSiân Martin+1 312 780 5797sian.martin@hyatt.comorHyatt –
Southwest AsiaYasmin Poonegar+91 900
4128086yasmin.poonegar@hyatt.com
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