The hotel will represent Hyatt’s growing brand
presence in the United Kingdom
Hyatt Hotels Corporation (NYSE:H) announced today that a Hyatt
affiliate has entered into management agreement with R&F UK for
a new Hyatt-branded hotel in London. The 203-room Park Hyatt London
River Thames is expected to open in 2022 and will be located within
R&F UK’s Nine Elms development on the south bank of the river.
The addition of the hotel to the U.K. market signifies Hyatt’s
continued brand growth into Europe’s leading cities.
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Park Hyatt London River Thames Lobby
(Photo: Business Wire)
“The addition of the Park Hyatt brand to London is a key
milestone for Hyatt,” said Felicity Black-Roberts, vice president
of development Europe, Hyatt. “It has always been a priority to
bring our luxury Park Hyatt brand back to London, so this is a
fantastic opportunity for us. We are excited to continue and expand
on Hyatt’s relationship with R&F by bringing this new exciting
hotel to London.”
Directly opposite Westminster, the Nine Elms area has recently
undergone significant regeneration and become a popular residential
district. The Park Hyatt hotel will be part of a new series of
developments by R&F UK, consisting of eighteen buildings, which
will include 2,300 high quality apartments, more than 120,000
square feet (11,150 square meters) of commercial space and numerous
shops and restaurants, including One Thames City, an exclusive new
riverside development comprising of premium residences, hotels,
shops, park and restaurants, has been developed in conjunction with
CC Land. Construction of the Nine Elms development is well under
way and the schemes are expected to take shape over the next two
years.
R&F UK has assembled a world-leading design team for the
development and new hotel, including Skidmore Owings & Merrill
LLP (SOM), Kohn Pedersen Fox Associates (KPF) and Allies and
Morrison, with landscape architects, Gillespies, leading on the
Linear Park, and Super Potato curating interior design within the
development.
“We are delighted that Hyatt has identified R&F UK’s Nine
Elms development as the best location in London for its Park Hyatt
brand,” said Michael Purefoy, Global Brand Director of R&F UK.
“The globally recognized Hyatt name is a valuable addition to the
development and we’re pleased to share that this agreement further
cements the strong relationship that we continue to enjoy with
Hyatt properties across the world.”
The Park Hyatt hotel will provide discerning global travelers
with a refined and luxurious experience that unlocks unparalleled
benefits from Nine Elms’ international focus, being located close
to the new U.S. Embassy.
A secure executive wing and exquisite event spaces will offer a
carefully curated and personalized experience for business and
government travelers. Guests will also be able to unwind in the
signature Park Hyatt Living Room with its understated luxury
touches and world-renowned artwork and design, and a large ballroom
will also be a rare feature for London.
For guests looking to explore, the hotel will serve as the
perfect launchpad to discover everything the locale has to offer.
The property’s nearby attractions will include local walking routes
to stroll and explore Sloane Square and bustling Kings Road, the
award-winning gallery, Tate Britain, the charming green expanse of
200-acre Battersea Park and the Kia Oval cricket ground.
Further, by the time the hotel is set to open, the Northern Line
London Underground extension is expected to be operational, with an
entrance located within a few minutes’ walk of both hotels. The new
line will connect Nine Elms with the city and West End in under 15
minutes.
The new hotel at the Nine Elms development in London will boost
Hyatt's brand footprint in the country, joining Hyatt Regency
London – The Churchill, Hyatt Regency Birmingham, Hyatt Regency
Manchester and Hyatt House Manchester, Andaz London Liverpool
Street, Hyatt Place London Heathrow Airport, Hyatt Place West
London Hayes and Great Scotland Yard Hotel, which is part of The Unbound Collection by Hyatt
brand. Additional Hyatt-branded hotels under development in the
U.K. include Hyatt Regency Edinburgh Marina, Hyatt Place London
City East and Hyatt Centric Cambridge, all expected to open within
the next two years.
For more information about Park Hyatt hotels, please visit:
https://www.hyatt.com/development/ourbrands/parkhyatt
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 Park Hyatt
Park Hyatt hotels provide discerning, global travelers with a
refined home-away-from-home. Guests of Park Hyatt hotels receive
quietly confident and personalized service in an enriching
environment. Located in several of the world's premier
destinations, each Park Hyatt hotel is custom designed to combine
sophistication with understated luxury. Park Hyatt hotels feature
well-appointed guestrooms, world-renowned artwork and design, rare
and immersive culinary experiences, and signature restaurants
featuring award-winning chefs. There are currently 45 Park Hyatt
hotels in the following locations: Abu Dhabi, Bangkok, Beaver
Creek, Beijing, Buenos Aires, Busan, Canberra, Changbaishan,
Carlsbad, Chennai, Chicago, Doha, Dubai, Guangzhou, Hamburg,
Hangzhou, Hyderabad, Istanbul, Jeddah, Kyoto, Maldives, Mallorca,
Melbourne, Mendoza, Milan, Moscow, New York, Ningbo, Niseko, Paris,
Saigon, Sanya, Seoul, Shanghai, Shenzhen, Siem Reap, St. Kitts,
Suzhou, Sydney, Tokyo, Toronto (under renovation), Vienna,
Washington, D.C., Zanzibar, and Zurich. For more information,
please visit parkhyatt.com. Follow @ParkHyatt on Facebook, Twitter
and Instagram, and tag photos with #LuxuryIsPersonal.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company offering 21 premier brands. As of
September 30, 2020, the Company's portfolio included more than 950
hotel, all-inclusive, and wellness resort properties in 67
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.
About R&F
Founded in 1994, Hong Kong-listed R&F Properties develops
luxury and large-scale projects globally, including significant
project sites in Nine Elms in London. It is a diversified property
group with interests in China, Australia, the U.K., Malaysia and
South Korea. With assets valued at approx. £26bn, R&F
Properties has more than 18m sq m (GFA) currently under development
and is the world’s largest luxury five-star hotel owner, operating
over 30,000 rooms. With core values of integrity, responsibility,
diligence and inclusivity, R&F Properties has developed more
than 340 projects in 130 cities and regions across the world. For
more information please visit: www.rfpropertiesuk.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,”
“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 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 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 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 third-party owners,
franchisees or hospitality venture partners to successfully
navigate the impacts of the COVID-19 pandemic; the duration of the
COVID-19 pandemic and the pace of recovery following the pandemic
or any resurgence; general economic uncertainty in key global
markets and a worsening of global economic conditions or low levels
of economic growth; 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; limited visibility with respect
to future bookings; loss of key personnel; domestic and
international political and geo-political conditions, including
political or civil unrest or changes in trade policy; hostilities,
or fear of hostilities, including future terrorist attacks, that
affect travel; travel-related accidents; natural or man-made
disasters such as earthquakes, tsunamis, tornadoes, hurricanes,
floods, wildfires, oil spills, nuclear incidents, and global
outbreaks of 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 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; 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 Middle East and
Southwest Asia +41 44 279 1226 simone.loretan@hyatt.com
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