BOSTON, Hyatt Hotels Corporation announced today that the former Swissotel, located at One Avenue de Lafayette, has been re-flagged as the Hyatt Regency Boston Financial District. The four-star, four-diamond hotel will undergo a multi-million dollar renovation of its 500 rooms and restaurant in 2004.

"We are pleased to bring the Hyatt flag to downtown Boston in a unique and exceptional location," said David Nadelman, a 23-year Hyatt veteran who was recently named the General Manager. He concluded, "We are looking forward to greeting a broad diversity of international and domestic travelers at our property in the heart of Boston."

Community leaders will join Hyatt Executives at a private ceremony, July 1st at 4:30 PM at the hotel to raise the Hyatt flag, the Boston flag and a rare vintage replica of the historic Bedford Flag, considered the oldest American flag still in existence; flags from 33 other countries will also be raised or displayed, representing each nationality of the diverse hotel staff.

Announcing the Hyatt Regency Boston Financial District

The hotel marks another "rung" in the development of what has come to be known as burgeoning "Ladder District", located in the Downtown Crossing area of Boston. In the last eighteen months, the area has welcomed dynamic, upscale restaurants, recreation facilities as well the newly restored landmark Paramount Theater.

In addition to upscale nightlife and proximity to Boston's important financial institutions, Hyatt guests are near prime shopping destinations such Filene's Basement, H&M and Macy's and are just steps from the Boston Common. Last summer the area also became a critical stop in the new MBTA Silver Line transportation system that runs at its center.

The Hyatt Regency Boston is the third property in the Boston area, joining the Hyatt Harborside, at Boston's Logan International Airport and the Hyatt Regency Cambridge, situated on the Charles River.

It was also announced that the property's former restaurant, Cafi Suisse, is being reintroduced as "Avenue One" under the direction of Executive Chef Brad Ozerdem, formerly of Hyatt Regency Cambridge's Zephyr on the Charles and Spinnaker, who was recently named Hyatt's Executive Chef of the Year for 2002.

About the Hotel

Centrally located in the heart of downtown Boston at One Avenue de Lafayette, the 500-room Hyatt Regency Boston Financial District is just one block from Boston Common and adjacent to the Lafayette Corporate Center.

The hotel's inviting lobby welcomes guests with antiques, marble floors and Waterford Crystal chandeliers. Spacious guest rooms, including 26 suites, feature classic European furnishings with city and atrium views. The 22-story hotel also caters to group and conference attendees with 18,000 square feet of finely appointed meeting space for up to 900. The space includes 17 function rooms and a 5,046 square foot Grand Ballroom with natural light and outdoor terrace. All rooms are wired for video conferencing and internet access. The hotel features Avenue One, an elegant full service restaurant from Chef Brad Ozerdem, as well as a lobby bar. Guests can also relax at the indoor swimming pool, whirlpool, sauna, sun deck or take advantage of the state-of-the-art fitness facilities.

There are now 208 Hyatt hotels and resorts around the world. Hyatt Corporation and its affiliates manage, franchise or operate 124 hotels and resorts in the U.S., Canada and the Caribbean. Affiliates of Hyatt International Corporation manage, franchise or operate 84 hotels and resorts in 39 countries. In the U.S., Hyatt worldwide reservations for individuals and groups can be reached at 1-800-233-1234. Outside the U.S., contact the local Hyatt sales office or representative. For more information about Hyatt hotels and resorts, visit Hyatt on the Internet at www.hyatt.com.

Neil Alumkal
(212) 808-6573
Hyatt