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Hyatt Announces Purchase of Hyatt Regency Birmingham



  Hyatt Announces Purchase of Hyatt Regency Birmingham

Business Wire

CHICAGO -- November 06, 2012

Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has
purchased the Hyatt Regency Birmingham hotel in the United Kingdom for
approximately USD$43 million.

The hotel has operated as Hyatt Regency Birmingham since its opening in 1990.
Through its affiliates, Hyatt was one of the original co-owners, and since
2002 the hotel has been operated under a third-party management agreement.
Starting in 2013, a Hyatt affiliate plans to invest approximately USD$10
million to renovate the hotel to strengthen its position as one of the leading
hotels in Birmingham.

One of the best-situated hotels in Birmingham city center, Hyatt Regency
Birmingham is a modern, four-star hotel that enjoys an unrivalled central
location adjacent to Centenary Square. With a bridge link to the city’s
landmark International Convention Centre, it is one of the leading convention
hotels not just in Birmingham, but in the United Kingdom, regularly hosting
such events as the annual conferences of the major political parties. It is
also across the road from Birmingham’s Symphony Hall, and is just minutes from
the National Indoor Arena (NIA) and the exclusive Mailbox and Bull Ring
shopping centers. Occupying the entirety of a 24-story, glass-fronted
building, the hotel dominates the skyline of central Birmingham.

“The team at the hotel is delighted at the news that a Hyatt affiliate has
purchased the hotel, and as one of the most popular hotels in the city amongst
both business and leisure guests, we have a proud history of hospitality in
Birmingham and look forward to the exciting times ahead,” said Tim Flodin,
General Manager, Hyatt Regency Birmingham. “At Hyatt Regency Birmingham, we
are committed to supporting the local community, working closely with
surrounding businesses, colleges and charities, including the Queen Elizabeth
Hospital, Stourbridge College, University College Birmingham and catering
college KHCSC.”

“Birmingham is one of the leading business tourism destinations in the United
Kingdom, and Hyatt Regency Birmingham has long been a favorite choice in the
city,” said Michael Gray, Area Director, United Kingdom and Ireland. “Hyatt
has successfully provided management services for the hotel for many years and
we are delighted that a Hyatt affiliate is once again the owner of this hotel,
one of our key hotels in the United Kingdom. We believe that the hotel’s
excellent location and full range of services, event capabilities and dining
options will continue to make this one of the city’s very best places to stay
and to hold an event, and we are very enthused about this investment in the
property. Indeed on top of its existing strengths, we expect that improved
transport links, such as the extended runway at Birmingham Airport and the
high-speed London rail link will no doubt even further increase the
attractiveness of Birmingham as an event destination in the future. We are
also very enthusiastic about this because of Hyatt’s long and proud history in
the UK.”

The hotel’s 319 luxury rooms and suites, including the exclusive Presidential
Suite, all have floor-to-ceiling windows that command breath-taking views of
the canal network or the city. For leisure, guests can visit the
just-refurbished Amala Spa & Club for wellness and beauty treatments, the
16-meter indoor swimming pool and the newly equipped gymnasium. Hyatt Regency
Birmingham is also home to the signature Aria Restaurant, which serves
breakfast, lunch and dinner daily, and Pravda Bar, the perfect place for
cocktails, champagne and a large selection of wines, each of which is
earmarked for further enhancement as part of the planned renovation. One of
the most popular business hotels in the city, Hyatt Regency Birmingham is an
ideal venue for meetings and conferences, featuring 10 meeting and event
rooms.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a proud heritage of making guests feel more than
welcome. Thousands of members of the Hyatt family strive to make a difference
in the lives of the guests they encounter every day by providing authentic
hospitality. The Company’s subsidiaries manage, franchise, own and develop
hotels and resorts under the Hyatt®, Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt
Regency®, Hyatt Place® and Hyatt House^TM brand names and have locations on
six continents. ^  Hyatt Residential Group, Inc., a Hyatt Hotels Corporation
subsidiary, develops, operates, markets or licenses Hyatt Residences^TM and
Hyatt Residence Club^TM. As of September 30, 2012, the Company’s worldwide
portfolio consisted of 496 properties in 45 countries. 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. These statements include statements
about our plans, strategies, occupancy and ADR trends, market share, the
number of properties we expect to open in the future, our expected adjusted
SG&A expense, capital expenditures, depreciation and amortization expense and
interest expense estimates, financial performance, prospects or future events
and involve known and unknown risks that are difficult to predict. As a
result, 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, among others,
general economic uncertainty in key global markets, the rate and 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 short and medium-term
group bookings; the impact of hotel renovations; our ability to successfully
execute and implement our organizational realignment and the costs associated
with such organizational realignment; our ability to successfully execute and
implement our common stock repurchase program; loss of key personnel,
including as a result of our organizational realignment; hostilities,
including future terrorist attacks, or fear of hostilities that affect travel;
travel-related accidents; changes in the tastes and preferences of our
customers; relationships with associates and labor unions and changes in labor
law; the financial condition of, and our relationships with, third-party
property owners, franchisees and hospitality venture partners; if our
third-party owners, franchisees or development partners are unable to access
the capital necessary to fund current operations or implement our plans for
growth; risk associated with potential acquisitions and dispositions and the
introduction of new brand concepts; changes in the competitive environment in
our industry and the markets where we operate; outcomes of legal proceedings;
changes in federal, state, local or foreign tax law; foreign exchange rate
fluctuations or currency restructurings; general volatility of the capital
markets; our ability to access the capital markets; 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
SEC. We caution you not to place undue reliance on any forward-looking
statements, which are made 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 laws. 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.

Contact:

Hyatt Hotels Corporation
Malene Rydahl
+33 1 53 45 28 38
malene.rydahl@hyatt.com
or
Siân Martin
+1 312 780 5797
sian.martin@hyatt.com
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