Industry Update
Press Release16 May 2012

Hyatt French Quarter Opens in New Orleans

Following an $18M renovation to historic hotel property

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Hyatt French Quarter

Hyatt Hotels Corporation (NYSE: H) and the owner of Hyatt French Quarter, a joint venture between Carey-Watermark Investors and HRI Properties today announce the opening of Hyatt French Quarter in New Orleans. This marks the third Hyatt hotel to enter the New Orleans market within the last year. Hyatt French Quarter connects the downtown Central Business District with the French Quarter, providing both business and leisure travelers with a luxurious and convenient location in The Big Easy.

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Hyatt French Quarter will remain a cornerstone property in the city"s most popular neighborhood, capturing the old world charm of New Orleans in a modern setting. The hotel is the newest addition to a collection of 28 Hyatt brand properties worldwide, offering guests restful and contemporary rooms. "The location is outstanding being only steps away from world-renowned restaurants and most of the city"s main attractions," stated Larry Daniels, general manager, Hyatt French Quarter, "We expect to see a variety of guests from the business traveler to families to the young professional visiting New Orleans and look forward to them staying with us."

The $18 million renovation included upgrades to the hotel"s 254 guest rooms, as well as the hotel exterior, lobby, landscaping and pool and deck area décor. Newly designed food and beverage outlets will include a bodega-inspired market called Powdered Sugar and Batch, an upscale lounge that will feature high-quality bourbons, fresh accompaniments, and flask service.

The popular and award-winning Red Fish Grill, owned and operated by Ralph Brennan Restaurant Group, is also part of the Hyatt French Quarter amenities. Known for its BBQ Oysters, Alligator Sausage, Seafood Gumbo and Double Chocolate Bread Pudding, Red Fish Grill is a local"s favorite that guests at Hyatt French Quarter will undoubtedly enjoy. In addition, it was recently announced that The Hard Rock Café will be leasing approximately 10,000 square feet of space residing within Hyatt French Quarter. The restaurant plans on opening in early 2013.

Hyatt French Quarter offers a wide range of Hyatt amenities, including:

  • Spacious guestrooms with the Hyatt Grand Bed™
  • High Speed Internet and Wi-Fi available throughout the hotel
  • Hyatt Stereo iPod docking station and Hyatt Plug Panel media center
  • Connected, Interactive Entertainment and Concierge Service on the television system
  • HDTV stations
  • Stylish bathrooms with marble countertops and Portico® amenities
  • Respire Rooms: Hypo-Allergenic Rooms are designed to provide a comfortable sleeping environment especially for allergy sufferers
  • Compact in-room refrigerators
  • Complimentary in-room safes

"We are very excited and proud to welcome Hyatt into the French Quarter," said Gary Gutierrez, President of HRI Lodging, Inc. "The brand is admired internationally for its customer service, valuable amenities and for creating unique guest experiences. As part of the HRI Lodging management team, we look forward to working with Hyatt in this new venture."

New Orleans, also known as the Crescent City, is one of the nation"s most historical and culturally rich destinations. Main attractions include the world-renowned cuisine, Cajun country, the architecture, and of course Bourbon Street. New Orleans attracts visitors ranging from families, the business traveler, sports enthusiasts and pleasure seekers, alike. Many people choose to spend a few nights in the city before setting sail aboard a cruise liner departing from the Port of New Orleans. Hyatt"s support of the city shines as Hyatt French Quarter joins its New Orleans family of hotels in the downtown area.

About Hyatt French Quarter

Hyatt French Quarter is located in the New Orleans French Quarter and adjacent to the city"s Central Business District. The hotel offers 254 guestrooms with 12 foot ceilings, completely renovated in 2012. Many rooms include balconies that overlook the French Quarter, courtyards or Bourbon Street. The property offers more than 10,660 square feet of customizable function space located in one central area of the hotel's first floor. Hyatt French Quarter can accommodate meetings and/or events from 3 to 300 people with our 10 meeting rooms. The hotel is located at 800 Iberville Street, New Orleans, LA 70112, and is within walking distance of the Audubon Aquarium, Bourbon Street, Jackson Square, Royal Street shopping, French Market, Streetcars and the New Orleans Superdome. www.frenchquarter.hyatt.com

About Carey-Watermark Investors

Carey Watermark Investors Incorporated is a publicly registered non-traded real estate investment trust (REIT) that was formed to make investments primarily in the lodging and lodging-related sectors. Affiliates of W. P. Carey & Co. LLC (NYSE: WPC) and Watermark Capital Partners, LLC advise the REIT and manage its overall portfolio. www.careywatermark.com

About HRI Properties and HRI Lodging

Founded in 1982 and based in New Orleans, Louisiana, HRI Properties (HRI) is a full-service real estate development company and a national leader in the adaptive reuse of historic structures. The company is dedicated to the pursuit of rebuilding neighborhoods and recreating entire communities, and continues its mission by developing technically innovative and aesthetically pleasing landmarks in cities throughout the country and keeps a keen focus on its core values. HRI has earned numerous awards for its restoration projects and community service, including the National Preservation Honor Award, conferred by the National Trust for Historic Preservation. Most recently, HRI received the Sold on St. Louis Award for its development initiatives in St. Louis. HRI Lodging, Inc. (HRIL) is a division of HRI. The management team at HRIL has had direct oversight of all types of lodging facilities including large convention center and urban hotels, independent boutique properties, 5-diamond resorts, extended-stay properties and select service facilities. For more information on HRI Properties, please visit, www.hriproperties.com.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 20 premier brands. As of June 30, 2019, the Company's portfolio included more than 875 properties in over 60 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination®, Hyatt Regency®, Hyatt®, Hyatt Ziva, Hyatt Zilara, Thompson Hotels®, Hyatt Centric®, Caption by Hyatt, Joie de Vivre®, Hyatt House®, Hyatt Place®, tommie™, Hyatt Residence Club® and Exhale® brand names, and operates the World of Hyatt® loyalty program that provides distinct benefits and exclusive experiences to its valued members. For more information, please visit www.hyatt.com.

Contact
Lori Alexander
Director of Field Public Relations, North America
Phone: 312-780-5709
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