Hyatt Regency Istanbul Expected to Open in Istanbul in January 2014

  Hyatt Regency Istanbul Expected to Open in Istanbul in January 2014

    Hyatt Regency Istanbul Ataköy will be the third Hyatt-branded hotel in
                                   Istanbul

Business Wire

CHICAGO -- November 07, 2012

Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has
signed an agreement for a Hyatt Regency hotel in Istanbul with Bosphorus
Otelcilik ve Yatirim Ltd. The hotel, which will open in January 2014, will be
the third Hyatt-branded hotel in Istanbul, joining Grand Hyatt Istanbul and
Park Hyatt Istanbul Maçka Palas.

Hyatt Regency Istanbul Atakoy is expected to open in 2014. (c) Apeas

Hyatt Regency Istanbul Atakoy is expected to open in 2014. (c) Apeas

Hyatt Regency Istanbul Ataköy will offer 310 guestrooms, including 30 suites,
with rooms ranging in size from 38 sq m to 180 sq m. The hotel will feature
more than 1,700 sq m of meeting and event space, including a 1,000 sq m
ballroom, two restaurants, a rooftop bar, outdoor and indoor pools, a fitness
center, and a spa. GA Design International will be responsible for the
interior design of the hotel. Located in western Istanbul on Rauf Orbay
Street, Hyatt Regency Istanbul Ataköy will be a short drive from Atatürk
International Airport and will be 10 km from Istanbul’s historic Old Town,
which is home to destinations such as the Blue Mosque, Hagia Sofia and the
Grand Bazaar.

Stating that Istanbul had established itself as an important commercial hub
and a major tourism destination in southeastern Europe, Peter Norman, Senior
Vice President, Acquisitions and Development for Hyatt International – Europe,
Africa, and Middle East, said, “The announcement of Hyatt Regency Istanbul
further underscores our commitment to building preference by expanding the
number of Hyatt-branded hotels throughout Europe.”

Stating that they are proud to work with Hyatt to bring the Hyatt Regency
brand to Istanbul, Ilhan Mürsel, Managing Director, Bosphorus Hospitality &
Investment said, “We believe Hyatt Regency Istanbul Ataköy’s extensive meeting
and event space and ideal location near Atatürk International Airport will be
appealing to large groups and business and leisure travelers alike.”

In addition to 146 Hyatt Regency hotels open worldwide as of September 30,
2012, more than 30 previously announced Hyatt Regency hotels are under
development around the world in China, India, Latin America, Europe, the
Middle East, and the United States.

For more information, please visit hyattdevelopment.com.

About Hyatt Regency

Hyatt Regency offers a full range of services and facilities tailored to serve
the needs of meeting planners, business travelers and leisure guests.
Properties generally range in size from 180 to over 2,000 rooms and are
conveniently located in urban, suburban, airport, convention and resort
destinations around the world. Hyatt Regency convention hotels feature
spacious meeting and conference facilities designed to provide a productive
environment. Hyatt Regency hotels in resort locations cater to couples seeking
a getaway, families enjoying a vacation together and corporate groups seeking
a functional and relaxed atmosphere in which to conduct business and meetings.
For more information, please visit www.hyattregency.com.

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.

About Bosphorus Hospitality & Investment

Founded in 2009, Bosphorus Hospitality & Investment has conducted significant
operations in the tourism industry, and has obtained an increasing rate of
growth by the leadership of its founders Tarık Celaloğulları, a Meskhetian
Turk, and his Partner Rostislav Gurevich, a Russian citizen. The company’s
first investment was in Ataköy in 2009, andsigned an agreement for a Hyatt
Regency hotel in Istanbul,which is expected to open in 2014.With a corporate
objective of “building 10 hotels in 10 years,” Bosphorus Hospitality &
Investment has opened two hotels, in Tashkent, Uzbekistan and Denizli, Turkey,
and the company continues to develop hotelsin Oskemen, Kazakhstan and Samsun,
Turkey, which are both expected to open inJune 2013. The company also has
hotel projects underway inAlmaty, Kazakhstan and,Krasnodar, Russia, which
will be open by 2014. Tarık Celaloğulları and Rostislav Gurevich continue to
make investments in different sectors within Turkey, Kazakhstan and Russia.

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.

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Contact:

Hyatt Hotels Corporation
Siân Martin, +1 312 780 5797
sian.martin@hyatt.com
or
Malene Rydahl, +33 1 53 45 2838
malene.rydahl@hyatt.com
 
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