The hotel will mark continued growth for the
Hyatt Regency brand in Southern Europe
Hyatt Hotels Corporation (NYSE:H) announced today that a Hyatt
affiliate has entered into a franchise and related agreements with
Realtejo – Hotelaria e Turismo, S.A., owned subsidiary of United
Investments Portugal and Fibeira, to develop the first Hyatt
branded hotel in Portugal: Hyatt Regency Lisbon. Expected to open
in late 2020, the hotel will feature 200 hotel rooms and apartments
and will be located between Rua Guerra Junqueiro and Avenida da
Índia, a stunning waterfront location facing Tejo River.
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Exterior view of Hyatt Regency Lisbon
(Photo: Business Wire)
The foray into Lisbon, Portugal’s coastal capital city, is an
important milestone for Hyatt, signifying its growing brand
presence in increasingly competitive markets across the continent.
The number of tourists visiting Portugal has increased for eight
consecutive years, with 12.8 million travelers visiting in 2018
alone.
The hotel will be situated just a five-minute drive from
Lisbon’s historic city center and within easy reach of many major
attractions, including the two UNESCO World Heritage sites: the
Bélem Tower and the Jéronimos Monastery. These nearby sites, along
with its prime location across from Lisbon’s conference center and
convenient access to the airport, will make the Hyatt Regency brand
a natural fit with its appeal to both business and leisure
travelers seeking a seamless experience.
“We are delighted by the announcement of plans for the first
Hyatt hotel in Portugal as Lisbon is one of Europe’s leading cities
in overnight stays and has quickly established itself as a prime
destination not only for leisure travelers, but also for larger
conventions and events.” said Nuno Galvão-Pinto, regional vice
president development at Hyatt. “We look forward to working with
United Investments Portugal on this exciting project in Lisbon.
This is an important step for Hyatt as we look to expand our brand
presence throughout Portugal.”
Hyatt Regency Lisbon will offer a wide range of intuitive
facilities, including a luxurious spa, a swimming pool, a rooftop
terrace bar with views over the river, as well as a beautiful
courtyard and garden.
Carlos Leal, general manager of United Investments Portugal
commented, “We are thrilled to be working with Hyatt on our first
development in Lisbon in a premier riverside location in one of the
world’s leading cities. With its warm climate, culture, history,
gastronomy and beaches, Lisbon truly has it all.
The Hyatt Regency brand offers a stress-free environment for
leisure and business travelers alike to enjoy a productive and
energized experience. Guests can enjoy signature services and
amenities, including notable food and beverage, flexible spaces to
work, collaborate or relax, and expansive technology-enabled
facilities for meetings and events, along with expert planners who
adhere to every detail.
Hyatt Regency Lisbon will mark continued growth for the brand in
Europe, joining Hyatt Regency Nice Palais de la Méditerranée and
soon-to-open Hyatt Regency Barcelona Fira and Hyatt Regency
Hesperia Madrid.
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 Regency
The Hyatt Regency brand prides itself on making travel free from
stress and filled with success. More than 190 conveniently located
Hyatt Regency urban and resort locations in over 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 with a portfolio of 19 premier brands.
As of March 31, 2019, the Company's portfolio included more
than 850 properties in over 60 countries across six
continents. 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 attract and retain top colleagues, build
relationships with guests and create value for shareholders. The
Company's subsidiaries develop, own, operate, manage, franchise,
license or provide services to hotels, resorts, branded residences,
vacation ownership properties, and fitness and spa locations,
including under the Park
Hyatt®, Miraval®, Grand
Hyatt®, Alila®, Andaz®, The
Unbound Collection by
Hyatt®, Destination®, Hyatt
Regency®, Hyatt®, Hyatt
Ziva™, Hyatt
Zilara™, Thompson Hotels®, Hyatt
Centric®, Hyatt House®, Hyatt
Place®, Joie de
Vivre®, tommie™, Hyatt Residence
Club® and Exhale® brand names, and
operates the World of Hyatt® loyalty program that provides
distinct benefits and exclusive experiences to its valued
members. For more information, please
visit www.hyatt.com.
About United Investments Portugal
United Investments Portugal (UIP) is part of the IFA Hotels
& Resorts consortium and the name behind Pine Cliffs Resort,
Sheraton Cascais Resort, acclaimed spa brand Serenity – The Art of
Well Being, and the Hyatt Regency Lisboa, set to open in the last
quarter of 2020. UIP is also shareholder of Yotel Hotel Group,
considered number 1 in the top 9 Leading Hotel Technological Brands
worldwide with Hotels in New York, San Francisco, Boston,
Singapore, Europe and recently opened in Istanbul. There are
currently 9 new hotel openings in 2019, including Yotel Porto, and
at least 15 more under development. As a flagship development, Pine
Cliffs Resort has set the benchmark for all group mixed use resorts
developments, combining excellent investment opportunities in real
estate and holiday ownership products with luxury lifestyle
experiences.
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,”
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necessarily based upon estimates and assumptions that, while
considered reasonable by us and our management, are inherently
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or achievements to differ materially from current expectations
include, among others, the rate and the pace of economic recovery
following economic downturns; levels of spending in business and
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occupancy and average daily rate; the seasonal and cyclical nature
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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; 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; changes in the
competitive environment in our industry, including as a result of
industry consolidation, and the markets where we operate; our
ability to successfully grow the World of Hyatt loyalty program;
cyber incidents and information technology failures; 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
Commission. 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..
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version on businesswire.com: https://www.businesswire.com/news/home/20190519005005/en/
MEDIA CONTACTS:Simone LoretanHyatt – Europe, Africa and
the Middle East+41 44 279 1226simone.loretan@hyatt.comGloria
KennettHyatt312-780-5506gloria.kennett@hyatt.com
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