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

LOUISVILLE, KY. (February 22, 2012) –Hyatt Regency Louisville’s renovation is now underway in a $5.8 million transformation designed to update the downtown hotel for the new demands of business meeting and convention attendees.
 
The downtown Louisville hotel began construction on its new front entrance and Stay Fit Gym, on November 7th. That work preceded larger projects, including a new lobby, front desk – which were both completed December 31st – and new restaurant and bar – which has an estimated completion date of mid-April, 2012.
 
“We are excited that we will have the ability to impress our guests with an enhanced sense of arrival”, said Donna Marquez, general manager, Hyatt Regency Louisville.  “We have a completely new look to our lobby and front desk, which is the epicenter to networking and employee-guest interaction, and we look forward to showcasing our new restaurant and bar this spring.”
 
The hotel’s new restaurant and bar will be named Sway, short for Southern Way and will offer a contemporary southern atmosphere for guests to enjoy Hyatt’s new food and beverage offerings.  Guests will also be able to network with colleagues and clients in the bar area while enjoying the open-air, looking out onto Louisville’s popular Fourth Street.
 
“Our Executive Chef, David Barrett has been with Hyatt for over 25 years and brings the necessary knowledge and creativity vital in opening a new restaurant such as this one,” said Marquez.  “Since his arrival a year ago, he has acquired the understanding of key local ingredients which makes the culinary experience a memorable one for guests visiting Louisville, KY.   We are very pleased with our stamp in this community and we wanted a place where not only hotel guests could come to relax, unwind, and enjoy good food and drinks, but to where the local community will be able to enjoy home grown products in their own backyard.  It truly is the best of both worlds.”
 
Hyatt Regency Louisville is working with the local architectural firm, Bravura Architects for the front drive construction and is using FRCH Design Worldwide out of Cincinnati for the interior design.

About Hyatt Regency Louisville
Seamlessly integrated into the city’s thriving central business district – with a direct connection to the Kentucky International Convention Center – Hyatt Regency Louisville delivers the impeccable service you expect with a gracious dose of southern hospitality.  Hyatt Regency Louisville features 393 guestrooms and suites, more than 20,000 square feet of function space including our newly renovated 9,280 square foot Regency Ballroom, two restaurants, an Einstein Bros Bagels and a StayFit@Hyatt gym.  Louisville’s premier dining and entertainment district, Fourth Street Live!, is located right next door to Hyatt Regency Louisville, providing multiple options for guests.  For more information, call (502) 581-1234 or visit www.hyattregencylouisville.com.

Forward-Looking Statements
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, 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; 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; 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; fluctuations in currency exchange rates; general volatility of the capital markets and our ability to access the capital markets. A more complete description of these risks and uncertainties can be found in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K.  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.
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Contact:

Noreen Heron Zautcke/Lianne Wiker
Noreen Heron & Associates, Inc.
773.969.5200
[email protected]




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