CHICAGO (November 6, 2012) – Hyatt Hotels Corporation (NYSE: H)
today announced that a Hyatt affiliate has purchased the Hyatt
Regency Birmingham hotel in the United Kingdom for approximately
USD$43 million.
The hotel has operated as Hyatt Regency Birmingham since its opening in
1990. Through its affiliates, Hyatt was one of the original co-owners,
and since 2002 the hotel has been operated under a third-party
management agreement. Starting in 2013, a Hyatt affiliate plans to
invest approximately USD$10 million to renovate the hotel to strengthen
its position as one of the leading hotels in Birmingham.
One of the best-situated hotels in Birmingham city center, Hyatt
Regency Birmingham is a modern, four-star hotel that enjoys an
unrivalled central location adjacent to Centenary Square. With a bridge
link to the city’s landmark International Convention Centre, it is one
of the leading convention hotels not just in Birmingham, but in the
United Kingdom, regularly hosting such events as the annual conferences
of the major political parties. It is also across the road from
Birmingham’s Symphony Hall, and is just minutes from the National
Indoor Arena (NIA) and the exclusive Mailbox and Bull Ring shopping
centers. Occupying the entirety of a 24-story, glass-fronted building,
the hotel dominates the skyline of central Birmingham.
“The team at the hotel is delighted at the news that a Hyatt affiliate
has purchased the hotel, and as one of the most popular hotels in the
city amongst both business and leisure guests, we have a proud history
of hospitality in Birmingham and look forward to the exciting times
ahead,” said Tim Flodin, General Manager, Hyatt Regency Birmingham. “At
Hyatt Regency Birmingham, we are committed to supporting the local
community, working closely with surrounding businesses, colleges and
charities, including the Queen Elizabeth Hospital, Stourbridge College,
University College Birmingham and catering college KHCSC.”
“Birmingham is one of the leading business tourism destinations in the
United Kingdom, and Hyatt Regency Birmingham has long been a favorite
choice in the city,” said Michael Gray, Area Director, United Kingdom
and Ireland. “Hyatt has successfully provided management services for
the hotel for many years and we are delighted that a Hyatt affiliate is
once again the owner of this hotel, one of our key hotels in the United
Kingdom. We believe that the hotel’s excellent location and full range
of services, event capabilities and dining options will continue to
make this one of the city’s very best places to stay and to hold an
event, and we are very enthused about this investment in the property.
Indeed on top of its existing strengths, we expect that improved
transport links, such as the extended runway at Birmingham Airport and
the high-speed London rail link will no doubt even further increase the
attractiveness of Birmingham as an event destination in the future. We
are also very enthusiastic about this because of Hyatt’s long and proud
history in the UK.”
The hotel’s 319 luxury rooms and suites, including the exclusive
Presidential Suite, all have floor-to-ceiling windows that command
breath-taking views of the canal network or the city. For leisure,
guests can visit the just-refurbished Amala Spa & Club for wellness
and beauty treatments, the 16-meter indoor swimming pool and the newly
equipped gymnasium. Hyatt Regency Birmingham is also home to the
signature Aria Restaurant, which serves breakfast, lunch and dinner
daily, and Pravda Bar, the perfect place for cocktails, champagne and a
large selection of wines, each of which is earmarked for further
enhancement as part of the planned renovation. One of the most popular
business hotels in the city, Hyatt Regency Birmingham is an ideal venue
for meetings and conferences, featuring 10 meeting and event rooms.
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 brand names and has
locations on six continents. 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 September 30, 2012, the Company’s worldwide portfolio consisted
of 496 properties in 45 countries. For more information, please visit www.hyatt.com.
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this press release, which are not historical facts, are forward-looking
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