CHICAGO | Global Hyatt Corporation today announced the acquisition of full ownership interest in Park Hyatt Paris-Vendome, the prestigious five-star luxury hotel located in the heart of Paris on Rue de la Paix. Global Hyatt's outright ownership of the 178-guestroom property comes as a result of the purchase of the hotel from Bouygues Immobilier and Credit Foncier. The purchase price was not disclosed.

Affiliates of the three companies developed the hotel, which opened in 2002 after a full rehabilitation by Bouygues Immobilier of a historic bank complex situated adjacent to Place Vendome, the landmark square originally built in 1702 as a monument to the glory of the armies of Louis XIV.

The hotel will continue to operate as Park Hyatt Paris-Vendome. Designed by renowned architect Ed Tuttle, Park Hyatt Paris-Vendome combines classical French and contemporary styles. Park Hyatt Paris-Vendome offers its discerning clientele premier accommodations in a preferred location, within walking distance of the Louvre Museum, Place de la Concorde and exclusive shopping.

Park Hyatt Paris-Vendome recently received prominent recognition as the #1 Hotel in Europe and the #2 Hotel in the World in Institutional Investor's World's Best Hotels Poll, an annual survey of top financial executives with an average household income exceeding $800,000 and who spent more than 60 nights in hotel rooms in 2005.

About Global Hyatt Corporation | There are 215 Hyatt hotels and resorts (over 90,000 rooms) in 43 countries around the world, operating under the Hyatt(R), Hyatt Regency(R), Grand Hyatt(R) and Park Hyatt(R) brands. Currently, there are an additional 30 Hyatt hotels and resorts under development, including 11 new hotels in China. Hyatt Corporation (domestic U.S., Canada and Caribbean hotels) and Hyatt International Corporation (international properties) are subsidiaries of Chicago-based Global Hyatt Corporation. Global Hyatt Corporation is also the owner of Hyatt Vacation Ownership, Inc. operators of the Hyatt Vacation Club (timeshare and fractional residential product), Hyatt Equities, L.L.C. (hotel ownership), Select Hotel Group L.L.C. (which owns, operates and franchises AmeriSuites hotels, Hyatt Place and Summerfield Suites hotels) and U.S. Franchise Systems, Inc. (which franchises Hawthorn Suites, and Microtel Inns and Suites).

From the U.S. and Canada, reservations for any Hyatt hotel worldwide may be obtained by calling 1-800-233-1234 or logging onto .

Katie Meyer
Vice President Communications
(312) 780 5711
Hyatt