CHICAGO (June 22, 2018) - Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Donggwang Clark Corporation ('DCC') for a 350-room Hyatt Regency hotel in Clark, Philippines, located less than 70 miles northwest of Metro Manila.

'We are delighted to collaborate with DCC on Hyatt Regency Clark, which will mark the return of the Hyatt Regency brand to the Philippines,' said Asia Pacific Group President, David Udell, Hyatt Hotels Corporation. 'We are excited to expand Hyatt's brand presence in the Philippines, where we are seeing a rise in leisure and business travelers. The new hotel, like other Hyatt Regency properties around the world, will be intuitively designed to make guests feel at home, while connecting them to what matters most.'

Set to open in 2022, Hyatt Regency Clark will be part of DCC's 763.5-acre integrated mixed use project, D' Heights Resort, which includes two 18-hole golf courses, a duty free shopping mall, an indoor water park, residential towers, and an IT park. The hotel will feature flexible and comfortable interior design, bars and restaurants, a large ballroom, fitness center, and swimming pool.

Hyatt Regency Clark will be located in the Clark Freeport Zone (CFZ). With government plans for a 65-mile train line to link Clark with Metro Manila by 2022, the travel time between the two cities is expected to reduce to one hour. Plans are also underway for the expansion of the Clark International Airport to accommodate more travelers. As of 2017, the CFZ attracted more than 700 corporations to set up offices in the city.

'We are thrilled with this opportunity to work with Hyatt to develop a premier hotel in Clark,' said DCC Chairman Lee Shin Kun. 'We believe that the addition of Hyatt Regency Clark to the other entertainment and leisure facilities in the D' Heights Resort will further boost the tourism industry not just in Clark, but in the entire country. This latest endeavor provides us with an opportunity to develop a hotel that not only provides world-class service, but also contributes significantly to the Philippines' economy.'

For more information about the Hyatt Regency brand, please visit www.hyattregency.com.

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

About Hyatt Regency

The Hyatt Regency brand prides itself on connecting travelers to who and what matters most to them. More than 180 conveniently located Hyatt Regency urban and resort locations in over 30 countries around the world serve as the go-to gathering space for every occasion - from efficient business meetings to memorable family vacations. The brand offers a one-stop experience that puts everything guests need right at their fingertips. Hyatt Regency hotels and resorts offer a full range of services and amenities, including the space to work, engage or relax; notable culinary experiences; technology-enabled ways to collaborate; and expert event planners who can take care of every detail. For more information, please visit hyattregency.com. Follow @HyattRegency on Facebook, Twitter and Instagram, and tag photos with #AtHyattRegency.

For further information:

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 14 premier brands. As of March 31, 2018, the Company's portfolio included more than 700 properties in more than 50 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™, Hyatt Residence Club® and exhale® brand names. 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 our actual results, performance or achievements 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; the financial condition of, and our relationships with, third-party property owners, franchisees and hospitality venture partners; the possible inability of third-party owners, franchisees or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and the introduction of new brand concepts; changes in the competitive environment in our industry, including as a result of industry consolidation, and the markets where we operate; general volatility of the capital markets and our ability to access such 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 U.S. Securities and Exchange Commission. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. We caution you not to place undue reliance on any forward-looking statements, which are made only 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 law. 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.

MEDIA CONTACTS:
Karen Chung
Hyatt - Asia Pacific
+852 2768 1271
karen.chung@hyatt.com

Gloria Kennett
Hyatt
+ 312-780-5506
gloria.kennett@hyatt.com

Attachments

  • Original document
  • Permalink

Disclaimer

Hyatt Hotels Corporation published this content on 22 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 June 2018 16:42:06 UTC