Hyatt Announces Plans for a Hyatt Regency Hotel in Bangkok

  Hyatt Announces Plans for a Hyatt Regency Hotel in Bangkok

  Hyatt continues its focus on Thailand’s commercial capital with plans for
                       Hyatt Regency Bangkok, Sukhumvit

Business Wire

CHICAGO -- November 13, 2012

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has
entered into a management agreement with Grande Asset Hotels and Property
Public Company Limited, a Bangkok-based real estate development company, for
Hyatt Regency Bangkok, Sukhumvit. Expected to open in 2017, the hotel will be
the first Hyatt Regency-branded hotel in Bangkok, and will join the already
open Grand Hyatt Erawan Bangkok.

Expected to open in 2017, Hyatt Regency Bangkok, Sukhumvit will be the first
Hyatt Regency-branded h ...

Expected to open in 2017, Hyatt Regency Bangkok, Sukhumvit will be the first
Hyatt Regency-branded hotel in Bangkok, and will join the already open Grand
Hyatt Erawan Bangkok. (Photo: Business Wire)

The plans for Hyatt Regency Bangkok, Sukhumvit represent an integral step
towards the brand’s distribution in one of Asia’s key markets. Located in the
heart of the rapidly expanding commercial city center, the hotel will be part
of a mixed-use development that includes a boutique shopping experience and an
upscale residential tower.

“Bangkok is a key gateway city in Asia and we are delighted at the opportunity
to have a Hyatt Regency in this market. The hotel perfectly complements the
currently operating Grand Hyatt Erawan Bangkok and the under-construction Park
Hyatt Bangkok and will offer Hyatt guests a choice of high quality hotels,”
said Ratnesh Verma, senior vice president, real estate and development, Asia
Pacific, Hyatt Hotels and Resorts. “The addition of the hotel reflects Hyatt’s
commitment to the region and to expanding its distribution in markets where
guests are increasingly traveling,” added Verma.

Hyatt Regency Bangkok, Sukhumvit will feature 300 guestrooms, including 26
suites. Designed by renowned Thai architecture firm Bangkok Architects, the
hotel will feature a three meal multi-cuisine restaurant, a specialty
restaurant and a bar. Designed to offer a full range of services and
facilities tailored to serve the needs of meeting planners, the hotel will
have more than 10,700 sq ft (1,000 sq m) of contemporary meeting space,
including a ballroom. Additional hotel amenities will include a six treatment-
room spa, a fitness center, a swimming pool, and a club lounge.

“We are thrilled by plans for Hyatt Regency Bangkok, Sukhumvit,” said
Watcharakiti Watcharothai, Grande Asset Hotels and Property Public Company
Limited. “Bangkok continues to experience strong growth in visitor numbers and
this solidifies its position as a major leisure and business destination in
the South East Asia region. We believe the hotel’s locations, amenities and
overall urban sophistication will be well suited to upscale corporate, leisure
and business travelers’ needs.”

Centrally situated at Sukhumvit Road Soi 13 in close proximity to the Asoke
station of the Bangkok Transit System, the hotel will offer efficient access
and visibility, connecting guests with ease to key points of interest in the
city and the airport. Given its central business district location, Hyatt
Regency Bangkok, Sukhumvit will be surrounded by premium residences, the
offices of major international companies and high-end retail stores.

For more information, please visit www.hyattdevelopment.com.

About Hyatt Regency

Hyatt Regency hotels are conveniently located in urban, suburban, airport,
convention and resort destinations around the world. Properties range in size
up to 2,000 rooms, feature intimate and large meeting spaces, and offer a full
range of services and dining options tailored to serve the needs of
conventions, business travelers or resort vacationers. Hyatt Regency enables
all guests – whether they are traveling to work, unwind or gather in
celebration – to feel productive and revitalized.www.hyattregency.com

About Grand Asset Hotels and Property Public Company Limited

Grande Asset Hotels and Property Public Company Limited is a listed company in
the tourism and leisure category. The company has clear business goals and
investment plans for the short-term and long-term: in the hotel and
hospitality business, the company focuses on investment in luxury and
upper-upscale hotels under world class hotel chains and in real estate
development business, the company focuses on projects that provide short-term
returns in prime locations such as the inner city business area near mass
transit system both in the Bangkok metropolitan as well as major cities
throughout the kingdom.

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.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20121113007434/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50477497&lang=en

Contact:

Hyatt Hotels Corporation
Siân Martin, +1 312 780 5797
sian.martin@hyatt.com
or
Karen Chung, +852-2768-1271
karen.chung@hyatt.com
 
Press spacebar to pause and continue. Press esc to stop.