Hyatt Studios Mobile/Tillman’s Corner

Hyatt Hotels Corporation (NYSE: H) marks Hyatt's entry into upper-midscale lodging in the Americas with the groundbreaking of the first Hyatt Studios property, set to open in Mobile, Ala. in early 2025. Hyatt has entered into a franchise agreement with 3H Group Inc. for Hyatt Studios Mobile/Tillman's Corner. The Hyatt Studios brand is expected to be a key accelerator for Hyatt, building on Hyatt's six years of industry leading net rooms growth.

Located in Tillman's Corner, just outside of Mobile, Ala. and near scenic Mobile Bay, the first planned Hyatt Studios hotel will provide guests with easy access to the Gulf Coast. The property will be located just 10 miles from Mobile International Airport and near historical and cultural destinations including the USS Alabama Battleship Memorial Park, GulfQuest National Maritime Museum of the Gulf of Mexico and the Mobile Carnival Museum. In addition to attracting tourism, the city boasts a diverse range of industries in manufacturing, aerospace, and commercial retail, further enhancing its midscale appeal. The construction of Hyatt Studios Mobile/Tillman's Corner is expected to create dozens of local jobs and enrich Mobile's hospitality industry.

Following Hyatt's announcement of the Hyatt Studios brand in April, strong interest from hotel developers is contributing to a growing pipeline. The brand's growth is further evidenced by a newly executed deal for a Hyatt Studios hotel in Portland, Maine, slated to open in 2025.

Hyatt's first franchise agreement with Giri Hotel Management - a hotel group that operates more than 50 hotels in New England - for a 122-room Hyatt Studios hotel at Portland International Jetport (PWM) that will serve Maine's largest city. Portland has witnessed a continuous surge in leisure and business travel in recent years with several airlines adding new non-stop routes from PWM and a variety of industries expanding their presence in the area. This hotel, in line with the overall Hyatt Studios brand, centers the needs of an evolving guest demographic, offering cozy home comforts with the flexibility, amenities, and quality that Hyatt is known for. The forthcoming hotel will be perfectly situated near Portland's charming historic downtown, and breathtaking year-round destinations along Maine's coast including Kennebunkport, York Beach, and Ogunquit, as well as ski resorts in Maine and New Hampshire.

The Hyatt Studios brand will join the Hyatt Place, Hyatt House and Caption by Hyatt brands in Hyatt's select service category and broaden the guest experiences offered by World of Hyatt, widely recognized as the industry's leading loyalty program, quadrupling in number of members over the past five years. At Hyatt Studios hotels, guests can anticipate the high quality and contemporary style that is characteristic of the Hyatt brand, and rooms that emulate studio apartments offering dedicated space to work, relax or dine.

Serving extended-stay and transient demand, each Hyatt Studios hotel will have:

• Innovative self-service amenities, making for a seamless guest experience
• A best-in-class, 24-hour market with a wide variety of options - from health-conscious snacks and ready-made meals to sweet and savory staples to fulfill travel cravings
• In-room kitchens that will feature a full-sized refrigerator with freezer, dishwasher, and a combination convection oven/microwave

To learn more about the Hyatt Studios brand, visit https://www.hyatt.com/development/ourbrands/hyattstudios.

The term "Hyatt" is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.