Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a contract with Jersan LLC to develop a Hyatt Place hotel in Jermuk, Armenia. Expected to open in 2015, Hyatt Place Jermuk will mark the second Hyatt-branded hotel in Armenia, joining the recently opened Hyatt Place Yerevan.

“We are delighted to announce the development of a second Hyatt Place hotel in Armenia and further expand Hyatt’s brand presence across the region,” said Peter Norman, senior vice president, acquisitions and development for Hyatt – Europe, Africa, and Middle East. “We look forward to welcoming guests to Hyatt Place Jermuk, where they will experience the authentic hospitality and purposeful service for which the Hyatt Place brand is known.”

“We are honored to work with Hyatt as the company continues to expand its brand presence in Armenia,” said Samvel Sargsyan, director, Jersan LLC. “We have worked with Hyatt on several previous developments and feel privileged to work alongside the company once again. Given Hyatt’s strong brand name and the new hotel’s convenient location, we believe that Hyatt Place Jermuk will attract both business and leisure travelers from across the region.”

The 88-room, new-build hotel will be situated in the center of Jermuk Resort, a resort currently being redeveloped by the Armenian government that is known for its hot springs and providing bottled water in the area. Hyatt Place Jermuk will offer more than 1,800 square feet (170 square meters) of meeting space, an open market with made-to-order meals and snacks around the clock, a restaurant offering breakfast, lunch and dinner, a fitness center, and an indoor and outdoor swimming pool.

Guests staying at Hyatt Place Jermuk will be able to discover the discreet charm of Jermuk, a mountain resort town known for its thermal water spas. The hotel will also be an ideal base for guests to explore the natural beauty and cultural heritage sites of Armenia, including the mountains of Vayots Dzor and the 1,000-year old Gndevank Monastery. Less than three hours away from the Armenian capital Yerevan, Jermuk regularly hosts international chess events, including the World Chess Federation Grand Prix tournaments.

About Hyatt Place

Launched in 2006, the Hyatt Place brand brings to the upscale select service hotel category the authentic hospitality for which Hyatt is known. Inspired by multitasking travelers’ 24/7 lifestyle, Hyatt Place hotels combine style with casual hospitality. Featuring spacious guestrooms with the Cozy Corner, free Wi-Fi, the 24/7 Gallery Menu, Coffee to Cocktails Bar, and free hot breakfast with your stay. The Odds & Ends program also has guests covered with items they may have forgot and can buy, borrow or enjoy for free. Specially trained Gallery Hosts are on hand to offer assistance with everything from directions to check-in to a freshly made meal.

Hyatt Place, a brand of Hyatt Hotels Corporation, offers more than 190 locations in the United States, Armenia, Costa Rica, India, Mexico, Puerto Rico and the Netherlands. For Hyatt Place information or to make a reservation, call 1-888-HYATT-HP (888-492-8847) or visit www.HyattPlace.com.

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation or one or more of its affiliates.

About Jersan LLC

Jersan LLC is an Armenian limited liability company established in 2007 to develop and own hotels and engage in tourism activities.

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®,Hyatt House®,Hyatt Zilara™andHyatt Ziva™brand names and have locations on six continents. Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt Residences® and Hyatt Residence Club®. As of March 31, 2014, the Company's worldwide portfolio consisted of 554 properties in 47 countries. For more information, please visit www.hyatt.com.

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