CHICAGO – Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt affiliates have agreed to sell 38 hotels to a company organized by Lone Star Funds (the “Purchaser”) for approximately $590 million. The portfolio of 38 hotels (the “Hyatt Portfolio”) consists of Hyatt Place and Hyatt House hotels totaling 4,950 rooms. As part of the sale, Hyatt will enter into franchise agreements with the Purchaser, with all hotels maintaining their existing Hyatt Place and Hyatt House branding.

The Purchaser intends to spend approximately $50 million in additional capital expenditures across the Hyatt Portfolio over the next 24 months. Aimbridge Hospitality, LLC will manage the hotels for the Purchaser.

“Hyatt utilized its strong balance sheet and industry expertise to launch the Hyatt Place and Hyatt House brands. We are now leveraging that brand equity to recycle capital while maintaining a long-term brand presence in multiple markets,” said Steve Haggerty, global head of capital strategy, franchising and select service for Hyatt. “We believe the renovations planned for the portfolio will help maintain the brands’ reputation as the leading brands in their segments and we look forward to deepening our relationship with Lone Star and Aimbridge.”

The transaction is expected to be completed in November 2014 and is subject to customary closing conditions and approvals. The Hyatt Portfolio comprises the following hotels:

 
    Property     City     State     Rooms
    Hyatt House Boston/Burlington     Burlington     MA     150
    Hyatt House Branchburg     Branchburg     NJ     139
    Hyatt House Sterling/Dulles Airport-North     Sterling     VA     162
    Hyatt House Fishkill/Poughkeepsie     Fishkill     NY     135
    Hyatt House Morristown     Morristown     NJ     132
    Hyatt House Raleigh Durham Airport     Morrisville     NC     141
    Hyatt House Parsippany-East     Parsippany     NJ     140
    Hyatt House Parsippany Whippany     Whippany     NJ     135
    Hyatt House Philadelphia/Plymouth Meeting     East Norriton     PA     131
    Hyatt House Richmond-West     Richmond     VA     134
    Hyatt House Shelton     Shelton     CT     127
    Hyatt Place Albuquerque Airport     Albuquerque     NM     127
    Hyatt Place Atlanta/
Alpharetta/Windward Parkway		     Alpharetta     GA     127
    Hyatt Place Atlanta/
Norcross/Peachtree		     Norcross     GA     126
    Hyatt Place Birmingham/Inverness     Birmingham     AL     126
    Hyatt Place Boise/Towne Square     Boise     ID     127
    Hyatt Place Charlotte Airport/Tyvola Road     Charlotte     NC     127
    Hyatt Place Chicago/Itasca     Itasca     IL     126
    Hyatt Place Cincinnati Airport/Florence     Florence     KY     126
    Hyatt Place Cincinnati- Northeast     Mason     OH     127
    Hyatt Place Cleveland/
Independence		     Independence     OH     127
    Hyatt Place Denver Airport     Aurora     CO     126
    Hyatt Place Detroit/Auburn Hills     Auburn Hills     MI     127
    Hyatt Place Detroit/ Livonia     Livonia     MI     127
    Hyatt Place Lakeland Center     Lakeland     FL     127
    Hyatt Place Louisville-East     Louisville     KY     121
    Hyatt Place Memphis/
Primacy Parkway		     Memphis     TN     126
    Hyatt Place Mystic     Mystic     CT     79
    Hyatt Place Oklahoma City Airport     Oklahoma City     OK     126
    Hyatt Place Omaha/
Downtown-Old Market		     Omaha     NE     159
    Hyatt Place Nashville/
Brentwood		     Brentwood     TN     124
    Hyatt Place Nashville/
Opryland		     Nashville     TN     123
    Hyatt Place Pittsburgh Airport     Pittsburgh     PA     127
    Hyatt Place Pittsburgh/
Cranberry		     Cranberry
Township		     PA     127
    Hyatt Place Richmond/
Arboretum		     Richmond     VA     127
    Hyatt Place Sacramento/
Rancho Cordova		     Rancho Cordova     CA     127
    Hyatt Place Secaucus/
Meadowlands		     Secaucus     NJ     159
    Hyatt Place Tampa/
Busch Gardens

Hyatt continues to market six additional select service hotels. The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

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®, Hyatt House®, Hyatt Zilara™ and Hyatt Ziva™ brand names and have locations on six continents. Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt Residences® and Hyatt Residence Club®. As of June 30, 2014, the Company's worldwide portfolio consisted of 563 properties in 48 countries. For more information, please visit .

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. 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, failure to successfully complete the proposed transaction, including the occurrence of any event, change or circumstance that could give rise to the termination of the purchase agreement (including the failure to satisfy conditions to completion or obtain required approvals); the actual timing of closing; the ability to fund and complete certain capital improvements; and other risks discussed in our 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.

Amy Patti
Public Relations Manager, Select Brand
312-780-5620
Hyatt