Hyatt and MGM Resorts International Announce New Loyalty Program Relationship

  Hyatt and MGM Resorts International Announce New Loyalty Program
  Relationship

New strategic relationship between Hyatt Gold Passport and MGM Resorts’ M life
      expected to be largest loyalty program collaboration in Las Vegas

Business Wire

CHICAGO & LAS VEGAS -- June 5, 2013

Hyatt Hotels Corporation (NYSE: H) and MGM Resorts International (NYSE: MGM)
today announce an unprecedented relationship between their affiliates that
will offer substantial benefits to members of their loyalty programs, Hyatt
Gold Passport and MGM Resorts’ M life. Starting June 20, Hyatt Gold Passport
members will be able to earn and redeem Hyatt Gold Passport points at 12
iconic participating MGM Resorts destinations in Las Vegas, and M life members
will be able to earn M life Tier Credits when staying at Hyatt hotels and
resorts around the world.

The relationship between Hyatt, with more than 450 hotels and resorts
worldwide, and MGM Resorts International, with approximately 40,000 hotel
rooms in Las Vegas across 12 participating properties, is expected to be the
largest loyalty program collaboration in Las Vegas.

“Our new relationship with MGM Resorts International underscores Hyatt’s focus
on listening to guests and developing innovative strategies that set us apart
and add value to loyalty program membership,” said Jeff Zidell, senior vice
president, Hyatt Gold Passport. “We know The Las Vegas Strip is an important
destination for our members, and now they will have the chance to earn points
and redeem award nights at 12 outstanding resorts from Bellagio to MGM Grand
to Mandalay Bay.”

Beginning June 20, participating MGM Resorts destinations can be booked
through Hyatt.com and Hyatt Worldwide Reservation Centers in addition to
mlife.com and individual MGM Resorts property websites. Guests with membership
in Hyatt Gold Passport and M life will be able to earn both Hyatt Gold
Passport points and M life Tier Credits on eligible rates and spend for stays
beginning on or after June 20 at participating MGM Resorts destinations.

Bill Hornbuckle, president and chief marketing officer, MGM Resorts
International, said, “The new alliance with Hyatt provides M life members with
access and added benefits to destinations around the world while exposing our
world-class Las Vegas resorts and M life loyalty program to even more savvy
travelers. Whether choosing Las Vegas or another part of the world, members’
experiences will be enhanced through this relationship.”

The participating MGM Resorts destinations in Las Vegas are: Bellagio, ARIA,
Vdara, MGM Grand, The Signature at MGM Grand, Mandalay Bay, THEhotel at
Mandalay Bay, The Mirage, Monte Carlo, New York-New York, Luxor and Excalibur.

Beginning June 20, the relationship will provide Hyatt Gold Passport members
and MGM Resorts’ M life members with the benefits outlined below.

Hyatt Gold Passport Benefits

  *Hyatt Gold Passport members will receive Hyatt Gold Passport points on
    every eligible dollar spent at the 12 participating MGM Resorts
    destinations in Las Vegas. Members will also have the opportunity to earn
    M life Tier Credits simultaneously at these locations on eligible spend.
  *All eligible stays at any of the participating MGM Resorts destinations in
    Las Vegas will count toward Hyatt Gold Passport tier status.
  *Hyatt Gold Passport members will be able to redeem their Hyatt Gold
    Passport points for award nights at participating MGM Resorts destinations
    in Las Vegas.
  *Coming in August, Hyatt Gold Passport members will be eligible to opt-in
    to a reciprocal tier status in MGM Resorts’ M life, providing benefits at
    participating MGM Resorts destinations. Depending on the matched Tier
    Level, members may receive special room offers and upgrades, pre-sale
    access to premier concert, show and fight tickets, invitations to
    members-only events, access to M life Moments – exclusive experiences, and
    much more.

M life Benefits

  *M life members will receive M life Tier Credits for eligible spend when
    traveling beyond MGM Resorts destinations, in Las Vegas, Detroit and
    Mississippi, when they stay at Hyatt hotels and resorts worldwide.
  *M life members will have the opportunity to experience destinations and
    cultures across the globe with the authentic hospitality that Hyatt offers
    while earning M life Tier Credits.
  *Coming in August, M life members will be eligible to opt-in to a
    reciprocal tier status in Hyatt Gold Passport, providing benefits at Hyatt
    hotels and resorts worldwide. Depending on the matched Tier Level, members
    may receive complimentary in-room Internet access, guaranteed room
    availability, late check-out and more during their Hyatt stay.

For more information and frequently asked questions, visit hyatt.com/mlife or
mlife.com’s Preferred Partner’s Page. To sign up for Hyatt Gold Passport,
visit www.goldpassport.com. To sign up for M life, visit mlife.com.

About MGM Resorts International

MGM Resorts International (NYSE: MGM) is one of the world's leading global
hospitality companies, operating a portfolio of destination resort brands
including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company also
owns 51% of MGM China Holdings Limited, which owns the MGM Macau resort and
casino and is in the process of developing a gaming resort in Cotai, and 50%
of CityCenter in Las Vegas, which features ARIA resort and casino. For more
information about MGM Resorts International, visit the Company's website at
www.mgmresorts.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® ^  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 March31, 2013, the Company's worldwide
portfolio consisted of 508 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. These statements include statements
about our plans, strategies, occupancy and ADR trends, market share, margin
trends, 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, expected
funding under performance guarantees, 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; our ability to successfully achieve certain levels of
operating profit at hotels that have performance guarantees with our
third-party owners; the impact of hotel renovations; our ability to
successfully execute and implement our organizational realignment; our ability
to successfully execute 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.

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Contact:

MEDIA CONTACTS:
Stephanie Sheppard
Hyatt Hotels & Resorts
(312) 780-5399
stephanie.sheppard@hyatt.com
or
Sandy Zanella
MGM Resorts International
(702) 604-4124
zanellas@mgmresorts.com
 
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