Hotel Online
News for the Hospitality Executive



advertisement


Hyatt Selects Davidson Hotels & Resorts as Recipient of its Inaugural
North American Full Service Strategic Partnership Award


CHICAGO (July 17, 2012) – Hyatt is proud to announce that Davidson Hotels & Resorts is the recipient of Hyatt’s inaugural North American Full Service Strategic Partnership award. Davidson, a leading U.S.-based hotel management company, is being recognized for its notable contributions to the development of Hyatt’s full service hotel franchising platform in North America. Davidson President and Chief Executive Office John Belden sits on Hyatt’s Franchise Owner Advisory Council.

“We are excited to announce Davidson Hotels & Resorts as Hyatt’s first-ever recipient of the North American Full Service Strategic Partnership award,” said Chuck Floyd, chief operations officer for North America, Hyatt Hotels Corporation. “With its depth and breadth as a management company, Davidson has proven to be a valued collaborator as we continue to grow our North American full service franchise portfolio.”

Since 2009, the number of full service franchised Hyatt-branded hotels in the U.S. has grown to 21 properties from 11. Davidson currently manages six full service Hyatt-branded properties under franchise agreements, including Hyatt Regency Princeton in Princeton, N.J.; Hyatt Miami at The Blue in Miami, Fla.; Hyatt North Houston in Houston, Texas; Hyatt Regency Suites in Palm Springs, Calif.; and Hyatt Regency Newport in Newport, R.I. Most recently, Davidson and Hyatt teamed up with Sunstone Hotel Investors to introduce Hyatt Chicago Magnificent Mile. Located just steps away from the world-class shopping of Chicago’s famed North Michigan Avenue, this hotel will soon be transformed by a multi-million dollar renovation. Davidson will also be managing The Wynfrey in Birmingham, Ala., which will be rebranded as Hyatt Regency Birmingham - The Wynfrey in late 2012 after undergoing an extensive renovation.

“Expanding our full service hotel presence in North America is a critical component of our drive to enhance preference for all of Hyatt’s brands,” said David Tarr, senior vice present of real estate and development, Hyatt Hotels & Resorts. “We will accomplish this by expanding on existing relationships, like the highly valued one we have with Davidson, and by developing new relationships with companies like Davidson that share our values.”

“We are thrilled with how our relationship has evolved with the Hyatt team,” said Belden. “The Hyatt name is truly world class and is synonymous with quality, hospitality and premium performance.”

For more information, please visit hyattdevelopment.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 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 March 31, 2012, the Company's worldwide portfolio consisted of 488 properties in 45 countries. For more information, please visit www.hyatt.com.

About Davidson Hotels & Resorts

Davidson Hotels & Resorts is one of the nation’s largest independent hotel management companies, specializing in the renovating, repositioning and rebranding of hotels and resorts. With a portfolio comprised of 49 hotels and more than 14,200 rooms, Davidson’s strength remains in providing each of its properties with the individualized service characteristic of an entrepreneurial company, enhanced by the breadth and depth of skill that accompanies nearly four decades of experience. Additional information on Davidson may be found at www.davidsonhotels.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, the number of properties we expect to open in the future, our expected capital expenditures, depreciation and amortization expense, interest expense and effective tax rate, estimates, 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; our ability to successfully execute and implement our organizational realignment and the costs associated with such organizational realignment; 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.


Contact:

Siân Martin
Hyatt Hotels & Resorts
(312) 780-5797

Cyndi Norwood
Davidson Hotels & Resorts
(678) 349-0909
cnorwood@davidsonhotels.com



.
Receive Your Hospitality Industry Headlines via Email for Free! Subscribe Here  

To Learn More About Your News Being Published on Hotel-Online Inquire Here

 
Also See: Davidson Hotels & Resorts Assumes Management of the 246-room Hilton Alexandria Old Town in Virginia / July 2012

Owner, Pebblebrook Hotel Trust, Selects Davidson Hotels & Resorts to Operate the 270-room DoubleTree by Hilton Bethesda-Washington D.C. / June 2012

Davidson Hotels & Resorts and Owner Crow Holdings Capital Partners Complete Mutli-million Renovation of the 496-room Hilton Alexandria Mark Center in Alexandria, Virginia / March 2012

Davidson Hotels & Resorts Opens the 335-room Hyatt North Houston in Texas; Completing a ReFlagging of the Former Crowne Plaza Houston Greenspoint / February 2012

$13 Million Renovation Unveiled at the 311-room Courtyard Kaua’i at Coconut Beach on Kaua’i, Hawaii; Owned by Joint Venture of Behringer Harvard and JMI Realty and Managed by Davidson Hotels & Resorts / January 2012

Owned by Wampold Companies and Operated by Davidson Hotels & Resorts the 256-room Renaissance Baton Rouge Hotel Opens / October 2011

Wampold Companies and Davidson Hotels & Resorts Open the 256-room Renaissance Baton Rouge, Marking the First Suburban Construction of a Full-service Hotel in Baton Rouge, Louisiana in More than 20 Years / October 2011

Davidson Hotels & Resorts to Manage 347-room Hyatt Regency Princeton in New Jersey Owned by Clarion Partners / July 2011

Starwood Opens New Sheraton Flagship with the Newly Renovated 379-room Sheraton Stamford Hotel Owned by a RockBridge Partners and Davidson Hotels Joint Venture / July 2011

Davidson Hotel Company Unveils New Name, Logo; Reflects Company's 37 Year Evolution from Roadside Limited Service to Full Service Luxury / June 2011

Davidson Hotel Company Appoints Peter Dunn as General Manager and Madeline Strother as Director of Sales of the New-build 256-room Renaissance Baton Rouge Hotel in Louisiana / April 2011

Davidson Hotel Company and Owner, The Carlyle Group, to Rebrand 368-room Radisson Los Angeles Westside Hotel as Doubletree by Hilton Los Angeles-Westside / April 2011

Davidson Hotel Company Completes $12.3 Million Renovation of 367-suite Embassy Suites Chicago-Downtown Owned by Sunstone Hotel Investors / April 2011

Davidson Hotel Company Selected to Manage the 278-room Hilton Garden Inn San Francisco/Oakland Bay Bridge / January 2011

Davidson Hotel Company Names Joel C. Darr, General Manager, and Adam S. Leon, Director of Sales For B Ocean Fort Lauderdale in Florida / January 2011

Davidson Hotel Company Names Colman Conneely General Manager Of Marriott Teaneck at Glenpointe Hotel, Teaneck New Jersey / December 2010

Behringer Harvard Selects Davidson Hotel Company to Manage Courtyard by Marriott Kauai at Coconut Beach in Kauai, Hawaii/ November 2010

Davidson Hotel Company to Manage Embassy Suites Chicago-Downtown / June 2010

Sunstone Reports a 1st Qtr 2010 Loss $26.3 million Compared with a Prior-year Profit of $876,000; RevPAR Falls 6.5% with Occupancy Rising to 67% from 65.6% / May 2010

The Carlyle Group acquires the Radisson Los Angeles Westside; Davidson Hotel Company Selected to Manage / April 2006
.

To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch

Home | Welcome | Hospitality News
| Industry Resources

Please contact Hotel.Online with your comments and suggestions.