Hyatt Announces Plans for a Grand Hyatt Hotel in Changsha

  Hyatt Announces Plans for a Grand Hyatt Hotel in Changsha

Business Wire

CHICAGO -- April 19, 2013

Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has
entered into a management agreement with an affiliate of Huayuan Property Co.,
Ltd for a Grand Hyatt hotel in Changsha, Hunan Province in central China.

“Changsha has established itself as a major hub for global business and
entertainment, and we are honored to have the opportunity to bring the Grand
Hyatt brand to such a great city,” said Mark Hoplamazian, president and chief
executive officer of Hyatt Hotels Corporation at the agreement signing in
Changsha earlier today. “Throughout our 40 years in China, we have showed
thousands of guests how our associates can meet and exceed their needs, and we
look forward to bringing Hyatt’s signature authentic hospitality to such a
dynamic and historic city.”

Grand Hyatt Changsha will be centrally located in the most prestigious
commercial and business areas along the Xiangjiang River in downtown Changsha.
The hotel will be part of “The Central,” a mega mixed use complex that will
incorporate high-end residential buildings, office spaces, and luxury shopping
facilities. Situated on the upper floors of an iconic 268-meter-high
skyscraper, Grand Hyatt Changsha will enjoy unobstructed views over the city
and the river, and is expected to become the new landmark of Changsha. The
324-room hotel will feature an array of restaurants and bars, multi-purpose
meeting and banquet facilities, a fitness center, a pool and a spa, and is
expected to create over 500 new jobs.

“We are very pleased to work with Hyatt on such an exciting and significant
project. We look forward to our collaboration with Hyatt in further developing
the high-end hotel market in Changsha,” said Ren Zhiqiang, Chairman of Huayuan
Property Co., Ltd.

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

About Grand Hyatt

Grand Hyatt features large-scale, distinctive hotels in major gateway cities
and resort destinations. With presence around the world and critical mass in
Asia, Grand Hyatt hotels provide sophisticated global business and leisure
travelers with upscale accommodations. Signature elements of the Grand Hyatt
include dramatic architecture, innovative dining options, state of the art
technology, spa and fitness centers and comprehensive business and meeting
facilities appropriate for corporate meetings and social gatherings of all
sizes.

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 has locations on six
continents. Hyatt House is changing its brand identity from Hyatt Summerfield
Suites®. 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

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. 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, 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
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 and Resorts
Lillian Zhang, +86 10 5928 1234
lillian.zhang@hyatt.com
or
Hyatt Hotels Corporation
Siân Martin, +1 312 780 5797
sian.martin@hyatt.com