Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Vision Developments Inc. for a Hyatt Centric hotel in Carlisle Bay, Barbados. Hyatt Centric Carlisle Bay, Barbados is expected to open in 2019, and will mark the first Hyatt-branded hotel on the island of Barbados. The project will be led by celebrated international firm SB Architects and the hotel's interiors will be designed by DAS Concepts.

"Hyatt continues to focus on expanding its presence in Latin America and the Caribbean where our loyal guests want to travel. We are thrilled to announce that the Hyatt Centric brand is coming to this vibrant tropical island, and we believe Hyatt Centric Carlisle Bay, Barbados will offer a fresh new option for travelers looking to explore this historic and picturesque destination," said Pat McCudden, senior vice president, capital strategy, real estate and corporate development for Hyatt. "The addition of Hyatt Centric Carlisle Bay, Barbados to the brand's portfolio allows us to meet the needs of our guests traveling on leisure or business in this important region," added McCudden.

Hyatt Centric Carlisle Bay, Barbados will be ideally located adjacent to the capital city of Bridgetown, allowing guests to easily explore and discover all that Barbados has to offer. The 237-room resort will be situated on almost three acres of waterfront along Carlisle Bay's scenic Brownes Beach, one of the largest beaches in Barbados. Carlisle Bay offers numerous shipwreck diving and snorkeling opportunities for guests and locals, as well as renowned reefs and pristine white sand beaches. Guests can also stroll through historic Bridgetown and St. Ann's Garrison, a UNESCO World Heritage Site and local hub for social and commercial activity.

Additionally, Hyatt Centric Carlisle Bay, Barbados will feature 32 Hyatt Centric-branded residential condominium units and several world-class dining options such as a signature restaurant, pool bar and grill, and a market style café. Other hotel features will include a full- service spa with six treatment rooms, a fitness center, outdoor pool, kids club, beach activities, and 6,135 square feet (570 square meters) of meeting and event space. Guests will also have easy access to Grantley Adams International Airport, located approximately eight miles from the hotel.

"Vision Developments is excited to partner with Hyatt to bring the Hyatt Centric brand to Carlisle Bay. We believe this project will serve as a catalyst for the development of many more hotel and real estate projects in the area, continuing Carlisle Bay's transformation into a world-class resort destination," said Mark Maloney, director of Vision Developments Inc. "Our team will ensure that the natural beauty, culture and heritage of Barbados will be reflected in the design and construction of Hyatt Centric Carlisle Bay, Barbados, and we look forward to working with the government, local regulatory agencies, companies and tradesmen on the island to make this project a success."

The Hyatt Centric brand recently started its global expansion with its first hotel outside the United States opening in June 2016 in Montevideo, Uruguay. Hyatt Centric Carlisle Bay, Barbados marks a significant milestone for the Hyatt Centric brand as the first resort in its portfolio, boosting the brand's global visibility in key markets. Additional Hyatt Centric hotels include Hyatt Centric The Loop Chicago (Chicago, Ill.), Hyatt Centric Fisherman's Wharf (San Francisco, Calif.), Hyatt Centric Park City (Park City, Utah), Hyatt Centric Santa Barbara (Santa Barbara, Calif.), Hyatt Centric The Pike Long Beach (Long Beach, Calif.), Hyatt Centric South Beach Miami (Miami, Fla.), and Hyatt Centric The Woodlands (Houston, Texas).

Hyatt is currently represented in the Caribbean with Hyatt Regency Aruba Resort, Hyatt Regency Trinidad, Hyatt Ziva and Hyatt Zilara Rose Hall resorts in Jamaica, with Park Hyatt St. Kitts expected to open by the end of 2016.

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 Vision Developments Inc.

Vision Developments Inc. is a Barbados company engaged in the manufacture of construction related materials as well as the financing, construction and development of residential, commercial, infrastructure, and hotel projects throughout the English-speaking Caribbean.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of September 30, 2023, the Company's portfolio included more than 1,300 hotels and all-inclusive properties in 76 countries across six continents. The Company's offering includes brands in the Timeless Collection, including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt Vacation Club®, Hyatt Place®, Hyatt House®, Hyatt Studios, and UrCove; the Boundless Collection, including Miraval®, Alila®, Andaz®, Thompson Hotels®, Dream® Hotels, Hyatt Centric®, and Caption by Hyatt®; the Independent Collection, including The Unbound Collection by Hyatt®, Destination by Hyatt®, and JdV by Hyatt®; and the Inclusive Collection, including Impression by Secrets, Hyatt Ziva®, Hyatt Zilara®, Zoëtry® Wellness & Spa Resorts, Secrets® Resorts & Spas, Breathless Resorts & Spas®, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith™, Unlimited Vacation Club®, Amstar DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

Forward-Looking Statements

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