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   Doubletree Islander Hotel Purchased by Pritzker Family of Chicago; The Hotel Renamed 
Hyatt Regency Newport
CHICAGO, IL - March 3, 2000 - Hyatt Hotels Corporation has assumed management of Newport, Rhode Island's Doubletree Islander hotel, according  to an announcement today by the Chicago-based company. The property has been purchased by business interests of the Pritzker family of Chicago, whose other interests include Hyatt. The hotel has been renamed Hyatt Regency Newport.

"The historic Rhode Island location provides Hyatt with an excellent opportunity to expand its growing portfolio," said Scott D. Miller, president, Hyatt Hotels Corporation. "This is our first Rhode Island property and we're thrilled to provide our customers with a Hyatt destination in this unique harborside town."

The 264-room hotel occupies nine acres on the tip of the 38-acre Goat Island. Just off the Newport coast, views from the spacious rooms and suites include Newport Harbor and Narragansett Bay. Additionally, the hotel offers the largest amount of function space in the Newport area with more than 25,000 square feet of finely appointed indoor banquet and meeting space. This  includes the newly renovated Rose Island Ballroom, which offers a panoramic view of the Rose Island Lighthouse and Narragansett Bay from the attached outdoor deck. There are also superb outdoor function areas for events held in the summer months. 

Guests can relax beside an outdoor saltwater pool or an indoor freshwater pool. The Hyatt Regency Newport also offers The Newport Spa, a full-service amenity spa. Guests can indulge themselves with full-body wraps, massages and beauty care. The spa offers individual treatments or special spa packages. Fully certified therapists, skincare specialists and beauty consultants provide
the ultimate spa experience. And just minutes from downtown Newport, the hotel is in an ideal location for guests who like to enjoy the many shops and museums Newport has to offer. By car, Newport is just four hours from New York and two hours from Boston.

For breakfast, lunch and dinner, guests can experience spectacular harbor views at the Windward Grille. The seasonal menu features a variety of seafood and grilled fare. The Auld Mug Lounge features a hearty pub menu in the evenings, and entertainment three nights a week. During the summer months, guests can enjoy lunch or dinner outdoors and poolside cocktails at Pineapple's, overlooking Narragansett Bay.

With the addition of this new hotel, Hyatt will have 116 hotels and resorts in the United States, Canada and the Caribbean. The acquisition of Hyatt Regency Newport is part of Hyatt's aggressive expansion. Hyatt also assumed management of a historic New York City property earlier this year, which is now The Stanhope, A Park Hyatt Hotel. Additionally, nine other Hyatt hotels  and resorts are under construction: Hyatt Regency St. Lucia, Park Hyatt Chicago, Hyatt Regency Calgary, Hyatt Regency Pittsburgh International Airport, Hyatt Regency Penn's Landing (Philadelphia), Hyatt Regency Tamaya Resort (Santa Ana Pueblo, N.M.), Hyatt Regency Cleveland at the Arcade, Hyatt Regency Coconut Point Resort (Naples, Fla.) and Hyatt Regency
Chesapeake Bay Resort (Cambridge, Md.). Hyatt's resort expansion also  includes a recent $55 million renovation at Hyatt Regency Cerromar Beach Resort & Casino and Hyatt Dorado Beach Resort & Casino, both located in Puerto Rico, and the recent addition of 53 beachfront suites at Hyatt Regency Grand Cayman Resort & Villas. Other hotel expansions, such as one underway
at Hyatt Regency Dallas and another planned for Hyatt Regency San Diego, are also important parts of the company's growth strategy. Hyatt International Corporation has more than 30 hotels under development in Europe, the Middle East, Latin America and Asia.

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Contact:
Gary Ross/Lori Armon
(312)750-8091/8069 
Also See: LaSalle Hotel Properties Acquires Historic Hotel Viking In Newport Rhode Island / June 1999 
Bass Hotels Resorts Acquires from the Pritzker Family Its Interests in 59 Hotels In the Asia Pacific Region / Jan 2000 
Hyatt Hotels Sets Up Management Succession Plan / June 1999 

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