Hotel Online  Special Report

 Hyatt Corporation and Santa Barbara Hospitality, N.V. Sign
 Long-term Management Agreement for Hyatt Regency
 Curacao Resort, Spa & Casino

CHICAGO (April 5, 2005) -- Hyatt Corporation and Santa Barbara Hospitality, N.V. announced today the signing of a long-term management agreement for Hyatt Regency Curacao Resort, Spa & Casino. Construction on the 350-room full-service luxury resort and spa will commence this summer with completion of the resort slated for late 2007. Offering views that are second-to-none, Hyatt Regency Curacao will be a full-service upscale getaway, perfectly situated on two bodies of water: the Caribbean Sea and the large inland bay known as Spanish Waters.

The first phase of the resort community, known as Santa Barbara Plantation, will include a series of facilities and high-end amenities. In addition to Hyatt Regency Curacao, the master plan will offer residential units and may include Hyatt Vacation Ownership units. Located on one of the few remaining natural preserve peninsulas in the Caribbean, the hotel will offer a three meal and fine dining restaurant with indigenous menu creations; 9,700 square foot full-service spa, salon and fitness center; 5,800 square foot casino; multi-level outdoor pool, complete with dramatic water features, poolside grill, lounge and cabana area; tennis courts; an 18-hole Pete Dye designed championship golf course; and 28,000 square feet of indoor and outdoor meeting space.

The combination of the rugged terrain, Tafelberg Mountain, Caribbean Sea and Spanish Waters Bay create a world-class setting for an 18-hole championship golf course. The site's variety of topographical features will produce golf holes that are aesthetically striking and a spectacular place for amateurs and professionals alike.

"Santa Barbara Hospitality and the island of Curacao are fortunate to have a hotel operator with Hyatt's reputation and proven success record to participate in the revitalization of Curacao's economy," said Jack Marshall, managing director of Santa Barbara Hospitality N.V. "Tourism to the Southern Caribbean island continues to grow rapidly and the additional hotel rooms and employment opportunities will be a welcome addition to the economy."

Curacao, with a population of approximately 158,000 and a land area of 171 square miles, is the largest and most populous island in the Netherlands Antilles. Curacao is 37 miles from the coast of Venezuela and is located between Aruba and Bonaire.

"We are thrilled to have reached a formal agreement with Santa Barbara and the Government of Curacao and eagerly await breaking ground on our fourth Caribbean property," said Steve Goldman, executive vice president for Global Hyatt. "As Hyatt continues its expansion throughout the world, Hyatt Regency Curacao will be another outstanding jewel in our resort crown and a perfect destination for couples, families and groups."

Built on 27 acres, Hyatt Regency Curacao will be the only resort on the island to offer 18 holes of championship golf as well as extensive meeting facilities and opulent amenities. With water vistas on three sides, the hotel will be situated to offer spectacular views of the Caribbean sunset and prime access to white sand beaches. In addition to standard guestrooms, the hotel will feature 31 beach bungalows offering guests a larger, secluded space along the fairway of the first golf hole with uninterrupted views of the Caribbean.

Upon completion and stabilization of the first phase, additional phases will commence, including an additional 18-hole golf course, more hotel rooms, commercial marina with up to 400 slips, condominium units and residential lots.

There are 213 hotels and resorts (over 90,000 rooms) in 43 countries around the world, operating under the Hyatt(R), Hyatt Regency(R), Grand Hyatt(R) and Park Hyatt(R) brands. Currently, there are an additional 28 Hyatt hotels and resorts under development, including 10 new hotels in China. Hyatt Corporation (domestic U.S., Canada and Caribbean hotels) and Hyatt International Corporation (international properties) are subsidiaries of Chicago-based Global Hyatt Corporation. Global Hyatt Corporation is also the owner of Hyatt Vacation Club, Inc. (timeshare), Hyatt Equities, L.L.C. (hotel ownership), and U.S. Franchise Systems, Inc. (which franchises Hawthorn Suites, Microtel and America's Best Inns & Suites).

In January 2005, Global Hyatt Corporation also added an additional 143 U.S. properties to its growing portfolio with the acquisition of the upscale, limited service AmeriSuites hotel chain. These properties will be repositioned and renamed under a new Hyatt brand by early 2006.



Also See: Hyatt Corporation Will Purchase the 143-unit AmeriSuites Chain from Affiliates of The Blackstone Group; Plans to Invest $150 million to Create New Brand Headed by Jim Abrahamson and Mike Leven / December 2004

Hyatt to Assume Management of Adam's Mark Jacksonville; Reflagged Hyatt Regency Jacksonville Riverfront -- $10 Million Renovation Underway / April 2005

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

Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.