Hyatt Announces Plans for a Hyatt Residence Club Located on Maui’s Ka’anapali Beach

  Hyatt Announces Plans for a Hyatt Residence Club Located on Maui’s
  Ka’anapali Beach

Business Wire

CHICAGO -- November 20, 2012

Hyatt Hotels Corporation (NYSE: H) announced today that an affiliate of the
company has formed a joint venture with an affiliate of Host Hotels & Resorts,
Inc. to develop and operate a 131-unit Hyatt Residence Club resort in Maui,
Hawaii on Ka’anapali Beach. A Hyatt affiliate will invest approximately $40
million in the vacation ownership property. Expected to open in 2014, Hyatt
Ka’anapali Beach, a Hyatt Residence Club  will be the first Hyatt Residence
Club property in Hawaii, and will join 15 other Hyatt Residence Clubs
throughout the United States and Puerto Rico.

“The development of Hyatt Ka’anapali Beach, a Hyatt Residence Club presents a
remarkable opportunity to expand the Hyatt Residence Club system to include
one of the most desirable vacation ownership destinations,” said John
Burlingame, global head of residential development for Hyatt Hotels & Resorts.
“Ka’anapali Beach is one of Hawaii’s most beautiful areas, and we believe that
Hyatt Ka’anapali Beach, a Hyatt Residence Club will be a highly sought after
addition to the Hyatt Residence Club system. Host Hotels and Resorts is a
best-in-class owner, and we look forward to building upon our already long
term relationship with the company.”

Located along Maui’s western shore on Ka’anapali Beach, Hyatt Ka’anapali
Beach, a Hyatt Residence Club will offer 131 units, including 19 one-bedroom
units, 100 two-bedroom units, and 12 three-bedroom units. Additional features
will include an 8,000 sq ft (743 sq m) open-air lobby, a retail store, a
75-seat casual dining restaurant, a pool with a pool bar and a multi-level
pool deck, and a 3,300 sq ft (306 sq m) fitness center. Hyatt Ka’anapali
Beach, a Hyatt Residence Club will be located near Hyatt Regency Maui, an
806-room destination resort surrounded by 40 acres of beachfront landscape.

Hyatt Residence Club provides vacation ownership opportunities in regionally
inspired residential-style properties. Hyatt Residence Club members are
automatically entitled to all the privileges of membership in the Hyatt Gold
Passport® frequent guest program, as well as access to the Interval
International network of more than 2,600 resorts worldwide; Gold Passport
points earned at Hyatt Residence Club properties are also accepted at all
Hyatt-branded hotels worldwide. Additionally, members of the Hyatt Residence
Club can convert their ownership to points and stay at any location in the
Hyatt Residence Club system, all offering the world-class, authentic
hospitality for which Hyatt is known.

Hyatt Residence Club properties include:

  *Hyatt Pinon Pointe - Sedona, Ariz.
  *Highlands Inn - Carmel, Calif.
  *Northstar Lodge - Truckee, Calif.
  *Hyatt Grand Aspen - Aspen, Colo.
  *Hyatt Mountain Lodge - Avon, Colo.
  *Residences at Park Hyatt Beaver Creek - Avon, Colo.
  *Hyatt Main Street Station - Breckenridge, Colo.
  *Hyatt Siesta Key Beach - Siesta Key, Fla.
  *Hyatt Coconut Plantation - Bonita Springs, Fla.
  *Hyatt Beach House - Key West, Fla.
  *Hyatt Sunset Harbor - Key West, Fla.
  *Hyatt Windward Pointe - Key West, Fla.
  *Hyatt High Sierra Lodge - Incline Village, Nev.
  *Hyatt Hacienda Del Mar - Dorado, Puerto Rico
  *Hyatt Wild Oak Ranch - San Antonio, Tex.

For more information, please visit www.hyattresidenceclub.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.

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
Siân Martin
+1 312 780 5797
sian.martin@hyatt.com
 
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