DENVER
(April 16, 2013) – This week, Hyatt Regency
Denver Tech Center announces the Grand Opening of its $5 million hotel
renovation which includes the new signature restaurant, Root25 Taphouse
&
Kitchen, as well as a redesigned lobby, guest reception and
public
spaces. The celebration includes culinary showcases with Colorado
purveyors of local and regional ingredients reflected in the new Root25
Taphouse & Kitchen restaurant concept; welcome parties are planned
for
Colorado media, guests, business leaders and Hyatt aficionados this
Wednesday
and Thursday.
Root25 Taphouse & Kitchen is the property’s
signature restaurant. The gastro-pub menu and beer selections give a
nod to
historic recipes from Colorado pubs, bistros and watering holes. The
restaurant
space also features several private dining areas, accommodating groups
of 10 –
30 people.
“We are excited to introduce Root25 Taphouse &
Kitchen to our guests and the local community,” said Ben Hardaway,
director of
food and beverage at Hyatt Regency Denver Tech Center. “The Taphouse is
all
about the beer. We feature Colorado craft beer such as Avery and
O’Dell’s, as
well as craft spirits from the region. The Root25 Taphouse &
Kitchen
team works with some of Colorado’s best-known local purveyors,
including
Lombardi Brothers, Haystack Mountain Goat Dairy and Udi’s Artisan
Bread.”
An invitation-only event, “Party With Purveyors” for
Denver’s key media and foodies, will kick off the opening events on
Wednesday
from 4:30-7 p.m., as Hardaway gathers key purveyors to explain and
demonstrate
the thoughtfulness and resources behind the menu and ingredients of
Root25,
which embodies Hyatt’s “Thoughtfully Sourced. Carefully Served” food
philosophy.
On Thursday, April 18, the grand opening celebration,
hosting some of Hyatt Regency Denver Tech Center’s key clients, guests,
business leaders and VIPs, will be held as guests are invited to try
the craft
spirits and beer and sample the culinary delights of Root25’s new menu.
The hotel’s pre-function and public spaces have also
been re-designed with warm wood and stonework details, complementing
Colorado’s
organic landscape. Best known locally for hosting corporate meetings
and social
events, the new space can accommodate well over 1,000 guests. The
conceptual
changes have created a fresh and cohesive atmosphere capitalizing on
the
natural light and architecture present in the atrium foyer. New
technology and
design has eliminated the need for a traditional front desk. Instead,
guests
experience a unique sense of arrival with associates greeting arrivals
at
hospitable reception tables with the ability to utilize mobile devices
including iPads for guests departing.
“We are ecstatic to re-open with such energy and
appeal to our valued guests,” said Keith Spinden, newly appointed
general
manager. “Colorado is known for its passion for great food,
excellent
hospitality and views that are unparalleled anywhere else in the world.
I think
our renovation highlights all of those elements. To launch this week
with our
valued partners, media, guests and neighbors is delightful for me, our
Hyatt
Regency associates here in Denver, and our associates worldwide. We are
proud
to be a part of this incredibly vibrant community of Colorado for over
27
years.”
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.