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.