Hyatt Regency Adelaide

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with CES Pirie Hotel (SA) Pty Ltd., an entity wholly owned by Chip Eng Seng Corporation Limited, to develop a new Hyatt Regency in Adelaide. The new 295-room hotel will mark the return of a Hyatt branded hotel to Adelaide, continuing Hyatt's expansion in Australia. With construction planned to commence in early 2020, Hyatt Regency Adelaide is expected to open in early 2023.

The Hyatt Regency brand offers a stress-free environment for event, leisure and business travelers alike to enjoy a productive and energized experience. Guests can enjoy a seamless and intuitive service alongside refreshing food and beverage concepts and flexible spaces suited for work, collaboration or relaxation.Hyatt Regency Adelaide will be located on Pirie Street in the center of the city's central business district, giving guests unparalleled access to major corporate and government offices as well as shopping and dining venues. When completed, the hotel will offer facilities including more than 8,000 square feet (750 square meters) of event space, a Market Café, a Regency Club, swimming pool, fitness facilities and a rooftop bar.

"Hyatt Regency Adelaide will add to Chip Eng Seng Corporation's strategic presence in Australia," said Mr. Raymond Chia, Executive Director and Group Chief Executive Officer, Chip Eng Seng Corporation. "We have selected Hyatt because of its established reputation and leadership in the hospitality industry. We will work closely with Hyatt to create a hotel which will become an excellent representation of all the elements that make the Hyatt Regency brand so successful over the decades."

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