Ocean Resort Casino — Photo by Hyatt

Hyatt Hotels Corporation (NYSE: H) and AC Ocean Walk today announced that a Hyatt affiliate has entered into a franchise agreement with AC Ocean Walk for the 1,399-room Ocean Resort Casino located at 500 Boardwalk, Atlantic City, N.J. The $3 billion landmark property, which was recently acquired by AC Ocean Walk, will join The Unbound Collection by Hyatt brand, Hyatt"s growing collection of unique and independent stay experiences. The resort will be situated on 20 acres on the famed Atlantic City Boardwalk, and at 710 feet and 60 stories tall, will be the tallest structure in Atlantic City. It is expected to open in summer 2018 and will be operated by AC Ocean Walk.

Ocean Resort Casino will be the eighth hotel in North America to open as part of The Unbound Collection by Hyatt portfolio, which launched in 2016, joining the recently opened Holston House Nashville in Nashville, Tenn., The Bellevue Hotel in Philadelphia, and Spirit Ridge in Osoyoos, British Columbia. The Eliza Jane in New Orleans is expected to join the portfolio, when it opens this spring. In addition, The Unbound Collection by Hyatt properties include The Driskill in Austin, Texas, Royal Palms Resort & Spa in Phoenix, The Confidante in Miami Beach, Fla., Hotel du Louvre in Paris, and Carmelo Resort & Spa in Uruguay.

Whether it is a captivating past, an exclusive, prime location, famous architecture and design or an award-winning dining experience, each property in the collection maintains a distinct character and the freedom to be unique, while still providing guests with the opportunity to earn World of Hyatt points and redeem for free night awards and access to many other benefits at Hyatt locations worldwide.

The expansive 6.4 million-square-foot luxury resort will feature a 138,000-square-foot luxury casino, 160,000 square feet of indoor meeting and convention space with another 90,000 square feet of flexible outdoor special event space, five swimming pools, including a salt-water pool, a sun deck with cabanas, and distinctive dining from premiere restaurant groups Garces Group and LDV Hospitality and entertainment experiences that will feature lively day and nightclubs and a best-in-class sports bar. The resort will include a 32,000-square-foot onsite location of exhale, Hyatt"s newly acquired fitness and spa brand, which will feature 32 treatment rooms, a mind body studio and retail boutique. The new spa will be the first exhale experience to open within a Hyatt-branded property.

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