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The Hyatt Regency Denver Tech Center in Colorado
to Begin $5 Million Hotel Renovation

DENVER (DECEMBER 5, 2012) - Hyatt Regency Denver Tech Center, the only Four Diamond hotel in the famed Denver Tech Center, announces a $5 million hotel renovation that will commence this month.  The renovation plan includes a new restaurant, redesigned lobby and public spaces, and is expected to debut early next spring.

“These improvements as a result of our $5 million renovation will maintain our competitive edge as a premier hotel for upscale business travelers and groups in the state and in the west,” said General Manager Scott Mason.  “We are eager to debut our contemporary new look to both first-time visitors and loyal repeat guests, who will find the same level of service that they have come to expect from Hyatt Regency Denver Tech Center.”

Opening early next year at Hyatt Regency Denver Tech Center, Root25 Taphouse & Kitchen will be the property’s signature restaurant. The gastro pub venue will nod to historic recipes from Colorado pubs, bistros and watering holes.   “We are excited to introduce Root25 Taphouse & Kitchen to our guests and the local community,” said Ben Hardaway, Executive Chef at Hyatt Regency Denver Tech Center. “The Taphouse is all about the beer. We’ll feature Colorado craft beer such as Avery and O’Dell’s, as well as craft spirits from the region.” Additionally, Root25 Taphouse & Kitchen will work with some of Colorado’s best-known local purveyors, including Lombardi Brothers, Haystack Mountain Goat Dairy and Udi’s Artisan Bread. The gastro pub will also emphasize seasonal menus and ingredients. Root25 Taphouse & Kitchen will offer several private dining spaces, accommodating groups of 10 – 30 people.

Additionally, the hotel’s pre-function and public spaces will be enhanced with warm wood and stonework details, complementing Colorado’s organic landscape.  Best known locally for hosting weddings, social galas, and corporate meetings and events, the renovated space will debut in February 2013 and can accommodate up to 800 guests.

In the lobby, conceptual changes will create a fresh and cohesive atmosphere capitalizing on the natural light and architecture present in the atrium foyer.  New technology to expedite the check-in process eliminates the need for a traditional front desk.  Instead, guests will experience a unique sense of arrival with associates checking in guests via mobile devices including iPads.

About Hyatt Regency Denver Tech Center:
The Hyatt Regency Denver Tech Center hotel is an architecturally stunning hotel, featuring a 12-story atrium lobby with 451 sleek modern guestrooms, including 12 suites and 30,000 square feet of function/meeting space. The 12th floor Centennial Room, with 180-degree panoramic Front Range views is a stunning and desirable venue making special events more memorable. The hotel is a short distance from both downtown and Denver International Airport.  For reservations or more information, call Hyatt Regency Denver Tech Center at 303-779-1234 or please visit www.techcenter.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. 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 adjusted SG&A expense, capital expenditures, depreciation and amortization expense and interest expense 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; limited visibility with respect to short and medium-term group bookings; the impact of hotel renovations; our ability to successfully execute and implement our organizational realignment and the costs associated with such organizational realignment; our ability to successfully execute and implement our common stock repurchase program; 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:

Pat Peeples
Peeples Ink PR
+970-845-8525
pat@peeplesink.com




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