Hyatt Hotels Corporation : Hyatt Announces Plans for Two New Hotels at Zurich Airport’s Iconic New Mixed Use Development Known as The Circle
03/07/2012| 12:55pm US/Eastern
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CHICAGO--(BUSINESS WIRE)--Mar. 7, 2012-- Hyatt Hotels
Corporation (NYSE: H) announced today that a Hyatt affiliate
has signed a management agreement with Flughafen Zurich AG
for a Hyatt Regency and a Hyatt Place hotel in Zurich. The
hotels, expected to open in 2017, will be part of The Circle,
a mixed use development that is designed to be a new service
hub and commercial center at Zurich International Airport. In
addition to the two Hyatt-branded hotels, The Circle will
feature an innovative and ideal mix of services within an
ingenious infrastructure where upmarket offerings such as
hotels, restaurants, office and event space, and continuing
education programs meet urbane lifestyles.
Hyatt Regency Zurich Airport will feature 250 guestrooms,
including 17 suites, that range in size from 32 sq m (344 sq
ft) to 72 sq m (775 sq ft). Additionally, the hotel will
offer several food and beverage outlets, a fitness center and
more than 3,210 sq m (34,000 sq ft) of meeting and conference
facilities and pre-function space.
Hyatt Place Zurich Airport will offer 300 guestrooms.
Additional amenities include a market with made-to-order
meals and snacks around the clock; a kitchen offering
breakfast, lunch and dinner; a café and bar offering coffee,
beer, liquor and wine; a four-station e-room; and
well-equipped fitness center with cardio equipment and free
weights and benches. The hotel will have access to the
meeting and conference facilities at Hyatt Regency Zurich
Airport.
"Hyatt is very excited that the Hyatt Regency and Hyatt Place
brands have been selected for The Circle project," said Peter
Norman, Senior Vice President - Acquisitions and Development
for Hyatt International for Europe, Africa, and Middle East,
"These two new hotels will enhance the presence of
Hyatt-branded hotels in Switzerland and will be highly
visible not only to The Circle's visitors, but also to the 24
million travelers who visit Zurich airport annually."
"Flughafen Zurich AG is proud to announce that Hyatt has been
selected for two hotels for 'The Circle' at Zurich Airport,"
says Zurich Airport CEO Thomas E. Kern, "We have found the
right hotel company for our project, as Hyatt matches the
positioning of 'The Circle' perfectly. With this commitment
for the hotels, about 25 percent of the total space will be
occupied. This marks an important step towards the
realization of the project."
Both Hyatt Regency Zurich Airport and Hyatt Place Zurich
Airport are expected to become prime locations for corporate
events, conferences and meetings. Zurich is among the world's
largest financial centers, and is home to many financial
institutions and banking companies, making the city a prime
location for corporate and government travelers.
About Hyatt Regency
Hyatt Regency offers a full range of services and facilities
tailored to serve the needs of meeting planners, business
travelers and leisure guests. Properties generally range in
size to over 2,000 rooms and are conveniently located in
urban, suburban, airport, convention and resort destinations
around the world. Hyatt Regency convention hotels feature
spacious meeting and conference facilities designed to
provide a productive environment.
About Hyatt Place
Launched in 2006, Hyatt Place brings to the upscale
select-service hotel category the authentic hospitality for
which Hyatt is known. Inspired by multitasking travellers'
24/7 lifestyle, Hyatt Place combines stylish design and
practical amenities with forward-thinking technology and
purposeful service. Spacious guestrooms feature multiple
areas to work and relax, and include the Cozy Corner, an
eight-foot sectional sofa sleeper; plush Hyatt Grand Bed; and
ergonomic work center.
About "The Circle"
"The Circle" will be the first global location with the
ambience of a small town and the synergies of a big city.
Located directly adjacent to Zurich Airport in the centre of
a dynamic economic region and with an effective area of
200,000 square meters, it will offer visitors an innovative
and ideal mix of services within an ingenious infrastructure
where upmarket offerings such as hotels, restaurants, head
quarters, offices spaces and event locations and further
education programs meet urbane lifestyle.
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 HouseTM. 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
ResidencesTM and Hyatt Vacation Club®, which is changing its
name to Hyatt Residence ClubTM. As of December 31, 2011, the
Company's worldwide portfolio consisted of 483 properties
in 45 countries. For more information, please visit . www.hyatt.com
Forward-Looking Statements
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,
financial performance, 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; 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; 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 and our ability to
access the capital markets. A more complete description of
these risks and uncertainties can be found in our filings
with the U.S. Securities and Exchange Commission, including
our Annual Report on Form 10-K.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.
Source: Hyatt Hotels Corporation
Hyatt Hotels Corporation
Laurie Cole, +1 312 780 5935
laurie.cole@hyatt.com
or
Hyatt Hotels & Resorts
Malene Rydahl, +33 1 53 45 2838
malene.rydahl@hyatt.com
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