Located in the heart of Tokyo’s newest
international business hub, Hotel Toranomon Hills will offer guests
a sophisticated yet convivial cocoon for socializing and work
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt
affiliate has entered in a management agreement with a Mori
Building affiliate for Hotel Toranomon Hills, which will be located
at the heart of Tokyo’s emerging business center as part of the new
Toranomon Hills Station Tower. Slated to open in late 2023, the
205-luxury hotel will debut The Unbound Collection by Hyatt brand
in Tokyo and will mark the second hotel within The Unbound
Collection by Hyatt brand in Japan, further demonstrating Hyatt’s
intentional brand growth in the Asia Pacific region.
“We are thrilled for these plans to debut The Unbound Collection
by Hyatt brand to Tokyo with Hotel Toranomon Hills as part of the
landmark Toranomon Hills Station Tower, which will be a
cosmopolitan focal point within Tokyo’s newest and innovative
business hub for international citizens,” said Sam Sakamura,
Hyatt’s vice president Japan and Micronesia. “As Hyatt seeks
further growth of its lifestyle and luxury brand portfolio, we are
focused on building personal relationships with owners who will
help us expand our brands in key markets and deliver the
world-class product and service for which Hyatt is known. We are
grateful for the continued trust and support of Mori Building and
Mori Hospitality Corporation and are honored to grow our
collaboration with the launch of this milestone development.”
The Unbound Collection by Hyatt brand is a curated compilation
of one-of-a-kind, story-worthy hotels around the world. Combining
seamless connectivity, inspiring social opportunity and
comfort-first luxury, Hotel Toranomon Hills will serve as an “urban
living room” in a dynamic business zone for worldly and inquisitive
guests.
The sophisticated hotel is conceptualized to be an accessible
yet tranquil, functional yet comfortable cocoon amid the bustle of
the Tokyo metropolis. Guests visiting Hotel Toranomon Hills will be
able to enjoy fast transport to and from Haneda International
Airport and easy walking access to innovation hubs, retail centers,
art galleries and other attractions via underground and elevated
walkways. The hotel’s interiors will be designed by Space
Copenhagen, a top Danish design studio, marking its first project
in Japan. Characterized by simplicity and extensive use of natural
materials, the spaces will be a harmonious blend of Scandinavian
and Japanese design and aesthetics.
At the social heart of the hotel will be the lounge, located
across the 11th and 12th floors, designed to cater to the needs of
modern business professionals who seek seamless connectivity and
are inspired by meaningful encounters. The lounge will feature an
“active zone” with co-working stations, meeting rooms and
complimentary refreshments for productivity and collaboration
alongside a relaxation zone and shower facilities for hotel guests
who arrive early or have late departures. Further, two signature
loft suites will combine restful accommodation and lounge
amenities, serving as an alternative co-working space for
brainstorming and social gatherings. Featuring a dining room,
living room, bathroom and bedroom, these spacious and elegant
suites can be configured to fit diverse occasions.
The culinary experiences at the hotel will include a signature
restaurant, a café and bar on the first floor. The fine-casual
restaurant will feature contemporary European cuisine accentuated
with fresh produce from Zeeland, the Dutch homeland of
chef-entrepreneur Sergio Herman and a region famous for exceptional
seafood. As part of the ground-breaking collaboration between a
Mori Building affiliate and Sergio Herman Group to introduce this
innovative food and beverage experience, this will be the celebrity
chef’s first foray into Japan after a long and illustrious career
in Europe that has seen many of his innovative and unique
restaurants earn Michelin stars.
"Launching an international-standard hotel is essential for the
further expansion and evolution of Toranomon Hills as a new
international hub and global business center capable of attracting
travelers from all over the world,” said Shingo Tsuji, President
and Representative Director of Mori Building Co. “We are thrilled
to work with Hyatt on this project, as Hyatt is a long-time
collaborator of ours and one of the world's most well-known and
trusted names. We look forward to offering one-of-a-kind urban
experiences unique to The Unbound Collection by Hyatt brand with
the debut of Hotel Toranomon Hills.”
The completion of the Toranomon Hills Station Tower will mark
the realization of the final major addition to the evolving
Toranomon Hills global business hub, developed mainly by Mori
Building Co., Ltd., which kicked off in 2014 with Toranomon Hills
Mori Tower—home to another Hyatt-branded hotel, Andaz Tokyo
Toranomon Hills. The new Toranomon Hills Station Tower will be
directly connected to Toranomon Hills Station on the Tokyo Metro
Hibiya subway line and will house office space, restaurants, and a
multifunctional complex on its top floors incorporating a main
hall, galleries and studios, plus Vertical Garden City initiatives
for greenery and biodiversity, including a rooftop garden, steeped
gardens, flowing streams and even a swimming pool. Hotel Toranomon
Hills will occupy part of the tower’s first floor as well as its
11th to 14th floors.
Once open, Hotel Toranomon Hills will mark the second hotel in
Japan within The Unbound Collection by Hyatt brand portfolio,
joining Fuji Speedway Hotel in Shizuoaka, Japan, and is expected to
join 35 hotels within The Unbound Collection by Hyatt brand
globally.
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 The Unbound Collection by Hyatt
More than a compilation of independent, one-of-a-kind hotels,
The Unbound Collection by Hyatt brand is a thoughtful curation of
stories worth collecting. Whether it’s a modern marvel, a historic
gem or a revitalizing retreat, each property provides
thought-provoking environments and experiences that inspire for
guests seeking elevated yet unscripted service when they travel.
For a full list of hotels in the collection, visit
unboundcollection.hyatt.com. Follow @UnboundxHyatt on Facebook and
Instagram and tag your photos with #UnboundxHyatt.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company guided by its purpose – to care for
people so they can be their best. As of September 30, 2022, the
Company’s portfolio included more than 1,200 hotels and
all-inclusive properties in 72 countries across six continents. The
Company's offering includes brands in the Timeless Collection,
including Park Hyatt®, Grand Hyatt®, Hyatt
Regency®, Hyatt®, Hyatt Residence Club®, Hyatt
Place®, Hyatt House®, and UrCove; the Boundless
Collection, including Miraval®, Alila®,
Andaz®, Thompson Hotels®, Hyatt Centric®, and
Caption by Hyatt; the Independent Collection, including
The Unbound Collection by Hyatt®, Destination by
Hyatt™, and JdV by Hyatt™; and the Inclusive Collection,
including Hyatt Ziva®, Hyatt Zilara®, Zoëtry®
Wellness & Spa Resorts, Secrets® Resorts & Spas,
Breathless Resorts & Spas®, Dreams® Resorts &
Spas, Hyatt Vivid®, Alua Hotels & Resorts®,
and Sunscape® Resorts & Spas. Subsidiaries of the
Company operate the World of Hyatt® loyalty program, ALG
Vacations®, Unlimited Vacation Club®, Amstar DMC destination
management services, and Trisept Solutions® technology services.
For more information, please visit www.hyatt.com.
About Mori Building Co., Ltd.
Mori Building is an innovative urban developer based in Tokyo.
The company is committed to maximizing the magnetic power of cities
by creating and nurturing safe, sustainable and cosmopolitan urban
centers based on its unique Vertical Garden City concept of
high-rise centers for business, education, leisure and residence.
The concept is applied in the company’s many leading-edge projects,
including ARK Hills, Roppongi Hills and Toranomon Hills in Tokyo
and the Shanghai World Financial Center. Mori Building is also
engaged in real estate leasing, project management and
consultation. Please visit www.mori.co.jp/en.
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, risks associated with the acquisition of Apple Leisure Group,
including successful integration of the Apple Leisure Group
business; the duration and severity of the COVID-19 pandemic or any
additional resurgence and the pace of recovery following the
pandemic or any additional resurgence; the short and long-term
effects of the COVID-19 pandemic, including on the demand for
travel, transient and group business, and levels of consumer
confidence; the impact of actions taken by governments, businesses,
or individuals in response to the COVID-19 pandemic or any
additional resurgence on global and regional economies, travel
limitations or bans, and economic activity; the ability of
third-party owners, franchisees, or hospitality venture partners to
successfully navigate the impacts of the COVID-19 pandemic or any
additional 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; global supply chain constraints and
interruptions, rising costs of construction-related labor and
materials, and increases in costs due to inflation or other factors
that may not be fully offset by increases in revenues in our
business; risks affecting the luxury, resort, and all-inclusive
lodging segments; levels of spending in business, leisure, and
group 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; 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, share repurchase program, and dividend payments,
including a reduction in, or elimination or suspension 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, wages, and other 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 the COVID-19 pandemic, industry consolidation, and the
markets where we operate; our ability to successfully grow the
World of Hyatt loyalty program and Unlimited Vacation Club paid
membership 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 Reports on Form 10-Q,
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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version on businesswire.com: https://www.businesswire.com/news/home/20230123005818/en/
MEDIA CONTACTS: Chie Hayakawa Hyatt – Japan and
Micronesia chie.hayakawa@hyatt.com
Glennie Janssen Hyatt glennie.janssen@hyatt.com
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