Expansion of Hyatt-Branded Hotels in Latin America Continues with the Opening of First Hyatt Place Outside of the U.S.

  Expansion of Hyatt-Branded Hotels in Latin America Continues with the
  Opening of First Hyatt Place Outside of the U.S.

  Hyatt Place San Jose/Pinares is the first of many select service hotels to
                          open across Latin America

Business Wire

CHICAGO -- November 12, 2012

Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Place
San Jose/Pinares, the first Hyatt-branded hotel in Costa Rica and the first
Hyatt Place hotel outside of the United States. In addition to Hyatt Place San
Jose/Pinares, 13 previously announced hotels will open across Hyatt’s
portfolio of brands in Latin America. When these properties open, there will
be a total of 22 Hyatt-branded hotels in Latin America.

“Latin America is a key emerging market and one where we believe our brands,
especially our select service offerings, have tremendous potential,” said
Stephen Haggerty, global head of real estate and capital strategy, Hyatt
Hotels Corporation. “Thanks to accelerating economic development and an
increase in business travel, we believe our select service brands will be
successful in multiple countries throughout the region, and we are confident
Hyatt Place will be as well received in Latin America as it has been in the
United States.”

With the opening of Hyatt Place San Jose/Pinares, there are now nine
Hyatt-branded hotels in Latin America currently under the Park Hyatt, Grand
Hyatt, Hyatt Regency and Hyatt Place brands in Argentina, Brazil, Chile, Costa
Rica and Mexico. Additional hotels are under development in Brazil, Chile,
Colombia, Costa Rica, Mexico, Panama, and Uruguay, including four Hyatt Place
properties.

Hyatt Place San Jose/Pinares introduces the Hyatt Place brand to Latin
America. Hyatt Place, launched in 2006, offers upscale select service features
inspired by multitasking travelers' 24/7 lifestyle, a stylish design and
practical amenities with forward-thinking technology. Hyatt Place hotels
expected to open in Latin America in 2013 include Hyatt Place
Santiago/Vitacura in Chile, Hyatt Place Panama City/Downtown in Panama, and
Hyatt Place San Jose del Cabo in Mexico. Hyatt Place Tijuana in Mexico is
expected to open in 2014.

The 120-room Hyatt Place San Jose/Pinares is part of Momentum Pinares, a mixed
use commercial complex on the east side of Costa Rica’s capital that includes
an approximately 97,000 square foot office tower, a 48,000 square foot medical
building, a theater, and shopping mall with 75,000 square feet of retail
space.

“Introducing our select service brands to Latin America will bring Hyatt’s
authentic hospitality to an audience who has never stayed with us before,”
said Myles McGourty, senior vice president, Hyatt of Latin America. “The
proximity of Hyatt Place San Jose/Pinares to universities, leisure
destinations and multinational corporations will allow us to showcase the
brand’s flexible nature and the amenities that have been so successful in
creating a new category of hotel in the U.S.”

A Look at Hyatt’s Global Growth

Hyatt’s hotel pipeline is larger than it has ever been, with more than 175
properties in development (or more than 39,000 rooms) across all brands. The
executed contracts represent potential entry into several new countries –
approximately 75 percent of future expansion is expected to be outside of
North America – and expansion into many new markets or markets in which Hyatt
is under-represented.

“We are strategically placing our brands in locations and markets that will
further our leadership in the industry,” said Haggerty. “This is an exciting
time for Hyatt and our growing global footprint demonstrates increasing
confidence among owners and developers in the strength of the Hyatt brand.”

About Hyatt Place

Launched in 2006, Hyatt Place brings to the upscale select service hotel
category the authentic hospitality for which Hyatt is known. Inspired by
multitasking travelers’ 24/7 lifestyle, Hyatt Place combines stylish design
and practical amenities with forward-thinking technology and purposeful
service. Spacious guestrooms feature multiple areas to work and relax, and
include the Cozy Corner, an eight-foot sectional sofa sleeper; plush Hyatt
Grand Bed; and ergonomic work center. For more information, please visit
www.hyattplace.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 September30, 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
Amy Patti, +1 312 780 5620
amy.patti@hyatt.com
 
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