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Hyatt Hotels Corporation, Aedes
Real Estate,
and Marcel Wanders Partner on Hotel to Open in 2012
ZURICH - April 8, 2010 - Hyatt Hotels Corporation (NYSE: H)
announced
today that a Hyatt subsidiary, Aedes Real Estate and Marcel Wanders
signed
agreements for Andaz Amsterdam. Planned for opening in 2012, the
122-room
Andaz Amsterdam will be located on the site of the former Public
Library
on Amsterdam’s Prinsengracht and within close walking distance from the
city’s major attractions. The lifestyle hotel will become part of the
rich
cultural character of the Jordaan district, home to the city’s main
modern
art galleries. The hotel will be developed by Aedes Real Estate and
Marcel
Wanders will be responsible for the interior design.
“Amsterdam is a key cultural city in Europe and Andaz
Amsterdam will
be vibrant yet relaxed, reflecting the unique cultural scene and spirit
of the surrounding neighborhood.”
In line with other Andaz branded hotels, Andaz Amsterdam will
combine
the best of lifestyle and boutique hotels with a contemporary and
personal
approach. Hyatt will offer its guests an authentic stay in the heart of
Amsterdam focusing on an innovative hospitality experience blending
personal
preferences with attentive and uncomplicated service.
“It will be a design hotel of unparalleled style,” said Paul
Geertman
of Aedes Real Estate. “Together with Hyatt and Wanders, we will create
a world class hotel, which will be characterized by style and
hospitality.
The entire hotel will be developed according to the highest quality
standards
with a special focus on sustainability. The location of course is
marvellous.
Only the outside of the original building will be recognizable. Behind
the façade a total new development will be created. Andaz
Amsterdam
will be the first genuine lifestyle hotel in the Netherlands.”
"We are proud to introduce Andaz Amsterdam as our first Andaz
hotel
on the European mainland and Hyatt Hotels & Resorts’ first hotel in
The Netherlands," said Gebhard Rainer, managing director for Hyatt
Hotels
& Resorts in Europe, Africa and the Middle East. "Amsterdam is a
key
cultural city in Europe and Andaz Amsterdam will be vibrant yet
relaxed,
reflecting the unique cultural scene and spirit of the surrounding
neighborhood.”
“With the signing of Andaz Amsterdam, we are furthering our
strategy
of entering new markets, including those markets with significant
barriers
of entry such as the Dutch capital,” said Oliver Berger, vice president
acquisitions & development for Hyatt Hotels & Resorts in
Europe,
Africa and the Middle East.
The design concept of Andaz Amsterdam and the stylish allure
of the
rooms will reflect a modern view on Dutch history and will come to life
through the vision of renowned architect and designer Marcel Wanders.
Marcel
Wanders Studio works on architectural and interior design projects
ranging
from private residences to the hospitality industry. Various designs of
Marcel Wanders have been selected for the most important design
collections
and exhibitions in the world, in places such as the Museum of Modern
Art
in New York and San Francisco, the V&A Museum in London and the
Stedelijk
Museum in Amsterdam.
Andaz Amsterdam will feature the Andaz Studio; the hotel
brand’s meeting
facilities, an executive boardroom, a lounge, bar and restaurant as
well
as fitness and business centers.
About Andaz
Global in scale while local in perspective, Andaz delivers an
innovative
hospitality experience blending personal preferences with attentive and
uncomplicated service. This unique collection of hotels reflects the
personality
of each locale, and is dedicated to creating natural and vibrant living
spaces where travelers can indulge in their own personal sense of
comfort
and style. The first property, Andaz Liverpool Street in London
launched
November 2007, followed by Andaz West Hollywood in January 2009 and
Andaz
Wall Street and Andaz San Diego in early 2010. Planned openings include
Andaz 5th Avenue, Andaz Austin, and Andaz Papagayo in Costa Rica. For
more
information, please visit www.andaz.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 in 45 countries
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
Summerfield
Suites™ brand names and have locations under development on five
continents.
Hyatt Vacation Ownership, Inc., a Hyatt Hotels Corporation subsidiary,
develops and operates vacation ownership properties under the Hyatt
Vacation
Club™ brand. As of December 31, 2009, the company’s worldwide portfolio
consisted of 424 properties. For more information, please visit
www.hyatt.com.
About Aedes Real Estate
Aedes Real Estate operates across the Netherlands as an independent
property developer. We have developed residential accommodation,
hotels,
office/business premises and specialize in redeveloping complex urban
locations.
We subsequently tend to keep the projects in our portfolio as
investments.
Aedes Real Estate contributes to the development and redevelopment of
urban
areas by investing and focusing on the highest possible quality
projects.
In our work we deploy all our creativity and professional knowledge of
the market, yet always with a view to create sustainable development.
Aedes
Real Estate takes the project through its entire life cycle, from
conception
through the completion and subsequent management of property. Besides
building
the new Andaz Amsterdam, Aedes Real Estate has recently developed
several
project such as the Westerhuis (offices for the creative industry in
the
Jordaan), the Professor Tulpstraat (apartments and offices) and the
Burgerziekenhuis
(hotel with 125 rooms). For more information, please visit www.aedesrealestate.nl.
About Marcel Wanders
Marcel Wanders grew up in Boxtel, the Netherlands, and graduated cum
laude from the School of the Arts Arnhem in 1988. In 1995 he opened his
own studio Wanders Wonders, and in 2001 Marcel Wanders Studio based in
Amsterdam. His fame started with his iconic Knotted Chair, which he
produced
for Droog Design in 1996. He is now ubiquitous, designing for leading
international
companies such as B&B Italia, Puma, Swarovski, Bisazza, Poliform,
KLM
Royal Dutch Airlines, Flos, Google, Cappellini and Target. In 2001
Wanders
co-founded the successful design label Moooi, of which he is the art
director.
Additionally, Marcel Wanders works on architectural and interior design
projects, such as the new Kameha Grand hotel in Bonn, the Mondrian
South
Beach hotel in Miami, the Villa Moda Flagship store in Bahrain, as well
as private residences in Amsterdam, Mallorca and Jakarta. In 2005 he
co-founded
Lute Suites and has recently partnered with Philippe Starck’s and John
Hitchcox’s design focused property development brand, yoo. Many of
Marcel
Wanders' designs have been selected for the most important design
collections
and exhibitions in the world and feature in all leading magazines. In
2006
he was elected International Designer of the Year by Elle Decoration.
Marcel
Wanders’ first solo-exhibition currently features in the Philadelphia
Museum
of Art: Daydreams.
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
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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 depth and duration of the current economic
downturn;
levels of spending in the business, travel and leisure industries as
well
as consumer confidence; declines in occupancy and average daily rate;
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including future terrorist attacks, or fear of hostilities that affect
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of our customers; relationships with associates and labor unions and
changes
in labor law; the financial condition of, and our relationships with,
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can be found in our filings with the U.S. Securities and Exchange
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including our Annual Report on Form 10-K. We caution you not to place
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reliance on any forward-looking statements, which are made as of the
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of this press release. We undertake no obligation to update publicly
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of these forward-looking statements to reflect actual results, new
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or other forward-looking statements.
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