Hyatt Recognizes Excellence among Owners and Developers with 2013 Awards

  Hyatt Recognizes Excellence among Owners and Developers with 2013 Awards

Business Wire

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
management:

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
    2014.
  *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
    Island/East End.
  *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
    others.

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.

Forward-Looking Statements

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facts, are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Our actual results, performance or
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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, 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; 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; changes in the
competitive environment in our industry and the markets where we operate; 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
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Contact:

Hyatt Hotels Corporation
Siân Martin, +1 312 780 5797
sian.martin@hyatt.com
 
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