Hotel Online
News for the Hospitality Executive


advertisement


Hyatt Affiliate Enters Management Agreement with Dilony S.A.
for the 167-room Hyatt Montevideo

To Open in Uruguay in 2015

CHICAGO (October 3, 2012)Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Dilony S.A. for a new Hyatt hotel in Montevideo, Uruguay. Hyatt Montevideo will mark the first Hyatt-branded hotel in Uruguay, bringing the total number of announced Hyatt-branded hotels under development in Latin America to 14.

“We are excited to work with Dilony S.A. on the first Hyatt-branded hotel in Uruguay,” said Pat McCudden, Senior Vice President, Real Estate and Development, Hyatt Hotels & Resorts. “This project is an important step in our broader plans to establish Hyatt properties in all of the major gateway and capital cities in Latin America, and we believe that the Hyatt brand and the excellent location of the hotel in Montevideo will have strong appeal to business and leisure travelers visiting the region.”

Expected to open in 2015, Hyatt Montevideo will be situated along the Rambla Republica del Peru, a major thoroughfare along the coastline of Montevideo. Located in the city’s Pocitos neighborhood, the hotel will be in close proximity to many of area’s business and leisure districts, including Ciudad Vieja, the World Trade Center and the Montevideo Shopping Center. Additionally, Carrasco International Airport is easily accessible from the hotel.

Hyatt Montevideo will offer 167 guestrooms, including 14 suites, which will range in size from 484 sq ft (45 sq m) to 861 sq ft (80 sq m). The hotel will also offer an all-day dining restaurant, a lobby lounge, a fitness center, an indoor pool, and more than 6,200 sq ft (585 sq m) of meeting and event space.

“We are pleased to work with Hyatt on the first Hyatt-branded hotel in Uruguay,” said Arq. Daniel Weiss, President of Dilony S.A. and Director of Weiss Sztryk Weiss, the developer group. “We appreciate Hyatt’s commitment to providing authentic hospitality to its guests, and we believe Hyatt Montevideo’s excellent location along the Rambla and the sea coast will deliver an exceptional hospitality experience to guests visiting Montevideo.”
For more information, please visit www.hyattdevelopment.com.

About Hyatt
Hyatt hotels are smaller-sized properties conveniently located in proximity to diverse business and leisure areas. With hotels typically ranging from 150 to 350 rooms, Hyatt hotels offer guests the opportunity to experience our hospitality in a vibrant environment. Customers include individual business and leisure travelers, and Hyatt hotels can accommodate smaller scale business meetings and social gatherings.

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 Residence ClubTM. As of June 30, 2012, the Company's worldwide portfolio consisted of 492 properties in 45 countries. 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. 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, 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; 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:

Siân Martin
+1 312 780 5797
[email protected]

Karina Faber
+55 11 2838 1232
[email protected]




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: The 201-room Park Hyatt Chennai Opens in Southern India / October 2012

Hyatt Affiliate Signs Management Agreement with Range Developments for a Park Hyatt Hotel in St. Kitts; Slated to Open in 2015, Property will Feature 200 Guestrooms and 50 Park Hyatt-branded Residential Condominiums / July 2012

Hyatt Regency Minneapolis Completes $25 million Renovation / June 2012

$25 Million Renovation for the 533-room Hyatt Regency Minneapolis in Minnesota to Include Environmentally Sustainable Initiatives; Goal to Reduce Ecological Footprint while Upgrading Property / April 2012

Hyatt Names Winners for Innaugural Hyatt Thrive Leadership Awards in Environmental Sustainability and/or Community Engagement / April 2012

Hyatt Hotels Honors Two Hyatt Regency Century Plaza, Los Angeles Executives with Top Honors; Lisa Arias Named 2011 Director of Sales of the Year and Chef Manfred Lassahn Awarded 2011 Chef of the Year / April 2012

Hyatt Affiliate Signs Management Agreement with Hotel De La Paix, Co., Ltd to Rebrand the Hotel De La Paix Siem Reap in Cambodia to Park Hyatt Siem Reap; Hotel to Close June 30th, 2012 for Renovations and Rebranding to Reopen Q1 2013 / March 2012

VTB Arena Park and a Hyatt Affiliate Enter Management Agreement for the 297-room Hyatt Regency Moscow Set to Open in Russia in 2015 / March 2012

Ana Montano Becomes the Director of Food & Beverage at the 393-room Hyatt Regency Louisville in Kentucky / March 2012

Hyatt Affiliate and Hyundai Development Company Enter Management Agreement for the 268-room Park Hyatt Busan to be Developed in South Korea; Slated for a 2013 Opening / March 2012

Park Hyatt Beaver Creek Resort and Spa in Colorado Names James Steinbach as Director of Group Sales and Rowland Cheeks as Senior Sales Manager / March 2012

$5.8 Million Renovation Underway for the 393-room Hyatt Regency Louisville in Kentucky / February 2012

Hyatt and Central Embassy Sign Management Agreement for the 222-room Park Hyatt Bangkok to be Developed in Thailand / February 2012

California's 138-room Avia at Long Beach Reflags as the Hyatt The Pike Long Beach / February 2012

Avia The Woodlands in Texas Reflags as the Hyatt Market Street, The Woodlands / February 2012

Hyatt and Naseel Holding Company Enter Management Agreements for Three New Hotels in the Kingdom of Saudi Arabia; Agreements for Park Hyatt Riyadh, Grand Hyatt Jeddah, and Hyatt Regency Jeddah Bring Total to Six Hotels Under Development in Saudi Arabia / February 2012

John Yeadon Named Director of Sales and Marketing of the 533-room Hyatt Regency Minneapolis in Minnesota / January 2012

Hyatt Regency Indianapolis in Indiana Completes $20 Million Renovation of its 499 Guestrooms and Rooftop Restaurant / January 2012

Two Key Appointments Made for the 116-key Boutique Hyatt 48 Lex in New York; Brian Twomey Named as Assistant General Manager and Maria Ordóñez-Maloney Named as Sales Manager / January 2012

The Park Hyatt Brand Debuts in China with the Opening of the 236-room Park Hyatt Ningbo Resort and Spa / January 2012

Hyatt Hotels and Abu Dhabi National Hotels Open the 306-key Park Hyatt Abu Dhabi Hotel and Villas in Abu Dhabi / November 2011

Hyatt Hotels Enters Management Agreement with Msheireb Hospitality for the 181-room Park Hyatt Doha Currently Under Construction in Qatar / October 2011

The 499-room Hyatt Regency Indianapolis in Indiana Launches $19 Million Guestroom Renovation / October 2011

Hyatt Hotels Opens 343-room Hyatt Regency Jinan in Shandong Province, China / September 2011

Park Hyatt Sydney in Australia to Reopen Late 2011 Following a Complete Redesign / September 2011

Andrew Davidson Appointed as General Manager of the 216-room Park Hyatt Washington in the District of Columbia / August 2011

Hyatt Signs Agreement with SIGNA Holding Group to Manage 143-room Park Hyatt Vienna in Austria / August 2011

314-room Grand Hyatt Goa Opens on India's West Coast / August 2011

366-room Hyatt Regency Guiyang Opens in the Capital City of Guizhou Province, Marking the First Hyatt Hotel in Southwest China / July 2011

Hyatt and Bahagia Investment Corporation Unveil Plans for 412-room Grand Hyatt Kuala Lumpur in Malaysia / June 2011

Grand Hyatt DFW Hotel Near Fort Worth, Texas, to Begin $13 Million Renovation / May 2011

Hyatt Regency Indianapolis Petitions for National Labor Relations Board-led Workers Vote in Attempt to End Two Years of Dissention Between Management and Labor / March 2011

Hyatt International Terminates Management Agreement with Grand Hyatt Cairo; Unresolved Contractual Disputes with Owner, Saudi Egyptian Touristic Development Company, Force Hyatt Exit / March 2011

Hyatt Hotels Affiliates Sign Management Agreements for Nine New Hyatt Branded Hotels Throughout India Bringing Total to 38 Properties Under Development; Additionally the 329-room Hyatt Regency Chennai and the 314-room Grand Hyatt Goa Will Open This Year / March 2011

Hyatt Hotels Affiliate Acquires Land for New Build 408-room Grand Hyatt Rio De Janeiro; Hotel Will Be Second Hyatt-branded Property in Brazil / December 2010

The 791-room Grand Hyatt Macau Opens on the Cotai Strip in the City of Dreams Development / October 2009
..
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.