The hotel will mark the return of the Hyatt
brand to Egypt’s capital city of Cairo
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt
affiliate has entered into a franchise agreement with ALDAU
Development group for a Hyatt-branded hotel in Cairo. Hyatt Regency
Cairo West, set to open in the last quarter of 2020, will mark the
return of the Hyatt brand to the capital of Egypt. The hotel joins
Hyatt Regency Sharm El Sheikh and will further add to Hyatt’s
growing brand footprint in North Africa.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20191006005003/en/
Lobby lounge inside Hyatt Regency Cairo
West. (Photo: Business Wire)
Situated within the well-established Pyramids Heights Business
Park, the hotel will provide the perfect setting for business and
leisure travelers, as well as meetings and events. Its location
will be in close proximity to diverse corporations, landmarks,
malls, and popular leisure and cultural attractions such as the
Pyramids of Giza, and soon, the Grand Egyptian Museum and Giza
Sphinx International Airport.
“We’re thrilled to announce the return of the Hyatt brand to
Cairo and are focused on the increased tourism figures and
continued development in and around the capital city,” said Ludwig
Bouldoukian, regional vice president of development, Middle East
and North Africa for Hyatt. “Hyatt Regency Cairo West will be a
great addition to our growing portfolio in North Africa as we
anticipate the hotel will become a destination where both business
and leisure travelers can stay connected and energized throughout
their stay.”
Created for a seamless and personalized guest experience, Hyatt
Regency Cairo West will feature 242 contemporary guestrooms and
suites, inspired by Egyptian culture; with floor-to-ceiling windows
overlooking the Pyramids of Giza or the hotel’s pool and lush
gardens. Room amenities offered will include the latest technology
such as smart mirrors and sensor LED lighting control, as well as
in-room massage and beauty facilities in a number of the
suites.
The hotel will have additional features including four distinct
restaurants, bar and lounges, a state-of-the-art fitness center, an
outdoor heated swimming pool and casino adjacent to the
building.
Set to become a go-to gathering place for meetings, elaborate
social events and weddings, the hotel will feature six meeting
rooms, a Grand Ballroom providing 4,628 square feet (430 square
meters) of banquet space accommodating up to 500 guests, outdoor
function areas, and the latest 360-degree digital projector
technology.
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 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 with a portfolio of 20 premier brands.
As of June 30, 2019, the Company's portfolio included more than 875
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®,
Caption by Hyatt, Joie de Vivre®, Hyatt House®, Hyatt
Place®, 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.
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,”
“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 our actual results, performance
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
leisure segments as well as consumer confidence; declines in
occupancy and average daily rate; 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; 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; 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191006005003/en/
Gloria Kennett Hyatt +1 312 780 5506
gloria.kennett@hyatt.com
Noha Belhaj Corporate Communications Manager, Middle East and
North Africa – Hyatt +971 56 818 50 26 Noha.belhaj@hyatt.com
Hyatt Hotels (NYSE:H)
Historical Stock Chart
From Feb 2024 to Mar 2024
Hyatt Hotels (NYSE:H)
Historical Stock Chart
From Mar 2023 to Mar 2024