New luxury lifestyle hotel is the second
planned Hyatt hotel in Lisbon and marks the continued growth of the
Andaz brand in key European destinations
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt
affiliate has entered into a management agreement with Feuring
Hotel Lissabon GmbH & Co. KG for the first Andaz hotel in
Lisbon. Expected to open in 2024, Andaz Lisbon will offer guests an
exciting new luxury lifestyle hotel in the Portuguese capital –
named one of the world’s best destinations in 2019 – and it will
represent a key milestone in Hyatt’s continued brand growth in
Southern Europe. Andaz Lisbon is set to become the second
Hyatt-branded hotel in Lisbon following the planned opening of
Hyatt Regency Lisbon in 2022.
Located in the center of Lisbon’s bustling Baixa district and
situated along the main pedestrian road, Rua Augusta, the hotel
will be comprised of five separate buildings, including the former
offices of one of the major banks in Portugal, Banco Português de
Investimento (BPI). This central building of the hotel will offer
169 guestrooms, with the surrounding four satellite buildings of
the hotel offering guests various private suites to choose from.
This unique layout will allow guests to fully embrace the locale
and experience authentic regional elements of Lisbon that stimulate
the senses.
With the exciting coastal city of Lisbon as the backdrop, the
hotel will deliver a stay experience that encourages curious
travelers to explore the historic center, magnificent plazas and
the riverfront, as well as the vibrant neighborhoods of Bairro Alto
and Chiado. Located near major shopping streets and restaurants
offering Lisbon’s world-famous cuisine, guests will be able to
enjoy the sights, sounds and tastes the city has to offer.
“As we continue to prioritize thoughtful growth in places that
matter most to our guests, World of Hyatt members and customers, we
look forward to introducing the Andaz brand to Lisbon and expanding
our brand footprint in Portugal,” said Nuno Galvão Pinto, regional
vice president development Europe, Hyatt. “We are pleased to be
collaborating with Feuring to expand the Andaz brand across Europe
and meet a much desired demand for luxury lifestyle accommodations
in Lisbon.”
Andaz Lisbon will incorporate the rich culture and heritage of
Lisbon through locally inspired architecture and design, led by the
architects Andreas M�rschel and Pedro Reis as well as Bastir
Interior Design. Guests will be able to enjoy cocktails and local
dishes at the hotel’s rooftop restaurant, bar, and Andaz Lounge,
and relax and rejuvenate at the spa and fitness center. The
signature Andaz Studio spaces will offer stylish and vibrant
settings for corporate and social events.
“Having previously worked with Hyatt to bring the Hyatt Centric
brand to Milan and Venice, and the Hyatt Place brand to Frankfurt,
it is wonderful to have the opportunity to introduce another Hyatt
brand in a new destination,” said Matthias Lowin, managing director
of Feuring. “With its distinctive local culture and vibrant
history, Lisbon is the ideal location for the Andaz brand and we
know that travelers visiting Andaz Lisbon will have an
unforgettable experience.”
Andaz Lisbon will mark continued growth for the Andaz brand in
Europe and is set to become the sixth Andaz property in the region.
The hotel joins Andaz Munich Schwabinger Tor, Andaz Vienna Am
Belvedere, Andaz London Liverpool Street, Andaz Amsterdam
Prinsengracht and Andaz Prague, which is expected to open in
2022.
For more information about the Andaz brand, please visit:
https://www.hyatt.com/brands/andaz.
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 Andaz
Global in scale while local in perspective, the Andaz brand of
luxury lifestyle hotels weaves the sights, sounds, and tastes of
each property’s surroundings for a distinctively local experience.
Through thoughtful, unscripted service tailored for travelers,
Andaz hotels enable guests to go beyond the familiar and satiate
their curiosity while immersing them in the spirit of the eclectic
culture around them. Twenty-two Andaz hotels are currently open:
Andaz 5th Avenue and Andaz Wall Street in New York, Andaz San
Diego, Andaz West Hollywood, Andaz Napa, Andaz Scottsdale Resort
& Bungalows, Andaz Savannah, Andaz Maui at Wailea Resort, Andaz
Ottawa ByWard Market, Andaz Mayakoba Resort Riviera Maya, Andaz
Costa Rica Resort at Peninsula Papagayo, Andaz London Liverpool
Street, Andaz Amsterdam Prinsengracht, Andaz Munich Schwabinger
Tor, Andaz Vienna Am Belvedere, Andaz Singapore, Andaz Delhi, Andaz
Xintiandi in Shanghai, Andaz Xiamen, Andaz Tokyo Toranomon Hills,
Andaz Seoul Gangnam, Andaz Capital Gate Abu Dhabi, and Andaz Dubai
The Palm. For more information, please visit andaz.com. Follow
@Andaz on Facebook, Twitter and Instagram, and tag photos with
#WhenInAndaz.
About Feuring
The FEURING Group was founded in 1959 with the aim of developing
modern and contemporary hotels. To date, more than 450 projects and
project developments have been managed for investors and hotel
chains. This includes resorts and city hotels, mainly in Europe.
The Mainz-based company is owner-managed in the second generation.
Feuring's range of services extends from classic hotel and
transaction advice to project development to operational and
strategic hotel asset management. Feuring covers the entire value
chain of the hotel industry and not only has a very wide range of
specialist knowledge, but also numerous, long-standing connections
in the hotel and real estate industry. Projects are processed
individually and tailor-made with a focus on sustainable
profitability.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company offering 21 premier brands. As of June
30, 2020, the Company's portfolio included more than 900 hotel,
all-inclusive, and wellness resort properties in 65 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 employees, 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™, UrCove, 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 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
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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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 actual results to differ
materially from current expectations include, but are not limited
to, the short- and longer-term effects of the COVID-19 pandemic,
including on the demand for travel, transient and group business,
and levels of consumer confidence; actions that governments,
businesses, and individuals take in response to the COVID-19
pandemic or any future resurgence, including limiting or banning
travel; the impact of the COVID-19 pandemic, and actions taken in
response to the COVID-19 pandemic or any future resurgence, on
global and regional economies, travel, and economic activity,
including the duration and magnitude of its impact on unemployment
rates and consumer discretionary spending; the ability of
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resurgence; general economic uncertainty in key global markets and
a worsening of global economic conditions or low levels of economic
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pandemics or contagious diseases or fear of such outbreaks, such as
the COVID-19 pandemic; our ability to successfully achieve certain
levels of operating profits at hotels that have performance tests
or guarantees in favor of our third-party owners; the impact of
hotel renovations and redevelopments; risks associated with our
capital allocation plans and common stock repurchase program and
quarterly dividend, including a reduction in or elimination of
repurchase activity or dividend payments; 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; relationships with colleagues and labor unions and
changes in labor laws; 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
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of acquisitions and dispositions, and our ability to successfully
integrate completed acquisitions with existing operations; failure
to successfully complete proposed transactions (including the
failure to satisfy closing conditions or obtain required
approvals); 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; declines in the value of our real estate
assets; unforeseen terminations of our management or franchise
agreements; changes in federal, state, local, or foreign tax law;
increases in interest rates and operating costs; foreign exchange
rate fluctuations or currency restructurings; lack of acceptance of
new brands or innovation; general volatility of the capital markets
and our ability to access such markets; 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; outcomes of legal or
administrative proceedings; violations of regulations or laws
related to our franchising business; and other risks discussed in
the Company’s filings with the U.S. Securities and Exchange
Commission (“SEC”), including our annual report on Form 10-K and
our Quarterly Report on Form 10-Q filed on May 7, 2020, which
filings are available from the SEC. 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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Siân Rylander Hyatt +1 312 780 5797 sian.rylander@hyatt.com
Simone Loretan Hyatt – Europe, Africa and the Middle East +41 44
279 1226 simone.loretan@hyatt.com
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