Hyatt Recognizes Excellence among Owners and Developers with 2013 Awards
CHICAGO -- April 17, 2013
Hyatt Hotels Corporation (NYSE: H) honored the top owners and developers of
its hotels at its global owners’ conference in Orlando, Fla. Hyatt’s Executive
Chairman of the Board of Directors Tom Pritzker and President and Chief
Executive Officer Mark Hoplamazian presented awards to 10 companies.
Left to Right: Hyatt Hotels Corporation President and Chief Executive Officer
Mark Hoplamazian, Hers ...
Left to Right: Hyatt Hotels Corporation President and Chief Executive Officer
Mark Hoplamazian, Hersha Hospitality Trust President and Chief Operating
Officer Neil Shah, Hyatt Hotels Corporation Executive Chairman of the Board of
Directors Tom Pritzker, Hyatt Hotels Corporation Executive Vice President,
Group President - Americas Rakesh Sarna (Photo: Business Wire)
“We are privileged to have a strong network of owner relationships around the
world,” said Hoplamazian. “All of the companies recognized this year have
proven to be valued collaborators with a strong history of quality projects.
We thank them for their contribution to our company and for their support for
our brands, and look forward to continuing to grow together with them in ways
that create mutual value.”
Hyatt presented the following awards for excellence in hotel development and
The Strategic Partner award recognizes a company for its strong culture,
performance and operating philosophies, which have resulted in a long-term,
multi-brand relationship with Hyatt. Three companies received the 2013
Strategic Partner award:
*Hersha Hospitality Trust – Hyatt continues to value its longstanding
relationship with Hersha Hospitality Trust (NYSE: HT). The company is both
owner and developer of Hyatt-branded full service and select service
hotels, which include Hyatt 48Lex, Hyatt Place Philadelphia/King of
Prussia, Hyatt House White Plains, Hyatt House Gaithersburg, Hyatt House
Bridgewater, Hyatt House Pleasant Hill/Walnut Creek, Hyatt House
Pleasanton/Dublin, and Hyatt House Scottsdale. Hersha is also expected to
open its second full service Hyatt-branded hotel – Hyatt Union Square – in
New York in late April.
*Saraf Holdings Private Limited – Saraf Holdings Private Limited owns Grand
Hyatt Mumbai and Hyatt Place Hampi, the first Hyatt Place hotel to open in
India and the second Hyatt Place to open outside of the United States. The
company is currently developing Hyatt Regency Ahmedabad, which is expected
to open later this year, and Andaz Delhi, which is expected to open in
*Mori Building Company – Mori Building Company owns Grand Hyatt Tokyo and
Park Hyatt Shanghai, and is currently developing a third Hyatt-branded
hotel, Andaz Tokyo, which will be the first Andaz-branded hotel in Japan
and is expected to open in 2014.
The Developer of the Year award recognizes a company for its hotel development
in strategic locations and construction quality and efficiency. Two companies
received the 2013 Developer of the Year award:
*Concord Hospitality – As an owner and developer of both Hyatt Place and
Hyatt House hotels, Concord Hospitality currently manages Hyatt Place
Grand Rapids-South, one of the first LEED-certified Hyatt Place hotels, in
Wyoming, Mich. and Hyatt House Boulder/ Broomfield in Broomfield, Colo.
Concorde will be opening three more Hyatt House hotels in Raleigh,
Pittsburgh and Jersey City, as well as a Hyatt Place hotel in Miami.
*Extell Development – As developer of the currently under construction Park
Hyatt New York and Hyatt Times Square, Extell has been a major contributor
in further expanding Hyatt’s brand presence in New York, one of the
world’s greatest business, financial and cultural centers. Expected to
open in 2014, Park Hyatt New York will bring an understated, contemporary
sophistication to Manhattan. Hyatt Times Square is slated to open this
summer, and will be located in the heart of Manhattan’s famed Theater
District, offering guests easy access to some of the city’s most iconic
and popular destinations.
The Best Project award recognizes notable hotel openings in strategic
locations. Three hotels were named the 2013 Best Project:
*Hyatt Place Los Angeles/LAX/El Segundo – OTO Development places a strong
emphasis on quality, reliability, service, and value, and as owner and
developer of Hyatt Place Los Angeles/LAX/El Segundo, the company
introduced the next generation Hyatt Place prototype to the Los Angeles
market. OTO Development also currently manages Hyatt Place and Hyatt House
Fort Lauderdale Airport and Cruise Port, Hyatt Place Herndon/Dulles
Airport-East, Hyatt Place Chesapeake/Greenbriar, and Hyatt Place Long
*Hyatt Place San Jose/Pinares – With the opening of this hotel marking the
first Hyatt-branded hotel in Costa Rica and the first Hyatt Place hotel
outside of the United States, Hotelera Pinares, S. A., a subsidiary of
Strategic Hospitality Investments Corporation, helped bring Hyatt’s
authentic hospitality to a market in which the Hyatt brands were not
represented. Hotelera Pinares is also developing Andaz Papagayo, which is
expected to open in 2014.
*Hyatt Regency New Orleans – The reopening of Hyatt Regency New Orleans was
a significant milestone in New Orleans’ post-Katrina revitalization
efforts, and the hotel continues to play an important role in the
community. Hyatt Regency New Orleans is owned by Poydras Properties Hotel
Holdings, a hospitality venture that includes AREA Property Partners,
Poydras Hotel Members LLC, and a subsidiary of Hyatt Hotels Corporation.
The Best Conversion award recognizes a company for reconfiguring and
transforming an existing property and converting it to a Hyatt-branded hotel.
*Hyatt French Quarter and Hyatt Place New Orleans/Convention Center – HRI
Lodging Inc. helped bring the Hyatt and Hyatt Place brands to New Orleans.
With its excellent location in the heart of the French Quarter, Hyatt
French Quarter underwent an $18 million renovation, which included
upgrades to the hotel’s 254 guestrooms, as well as the hotel exterior,
lobby, landscaping and pool and deck décor. Hyatt Place New
Orleans/Convention Center is located across the street from the Ernest N.
Morial New Orleans Convention Center, and underwent extensive renovations
to meet Hyatt Place’s brand standards, which include the Hyatt Grand Bed,
a 42” high definition television and an ergonomic work center, among
The Renovation Excellence award recognizes a company for reconfiguring and
transforming a Hyatt-branded hotel.
*Hyatt Regency Minneapolis – Haberhill is responsible for the hotel’s $25
million renovation, which included updates to the guestrooms, suites,
public areas, restaurants, meeting space, and building systems.
“Hyatt works with some of the most respected hotel owners and developers in
the world,” said Jim Chu, senior vice president, franchise and owner relations
for Hyatt. “We look forward to continuing the momentum with our owners and
developers to strengthen our representation in the full service, select
service and extended stay segments in the United States and around the world.”
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 December 31, 2012, the Company's worldwide
portfolio consisted of 500 properties in 46 countries. For more information,
please visit www.hyatt.com.
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Siân Martin, +1 312 780 5797
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