Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered

into a management agreement with Claremont Group LLC, a New York-based real estate development company, for a Hyatt Regency hotel in the Kurdistan region of Iraq. Expected to open in 2017, Hyatt Regency Sulaymaniyah will be the first Hyatt-branded hotel in Iraq.

"Bringing the Hyatt brand to Iraq is one of the most exciting projects we have in

development. Kurdistan is a stable and prosperous area of Iraq, and as a result, the economy is growing and demand for lodging accommodations is rising," said Peter Norman, senior vice president, real estate and development, for Hyatt Hotels & Resorts in Europe, Africa and the Middle East. "There is great potential for growth in Iraq and throughout the Middle East, and we look forward to introducing the Hyatt brand to guests visiting the region. Hyatt Regency Sulaymaniyah will offer a full range of services, amenities and dining options to meet the needs of both business and leisure travelers."

"We are delighted to work with Hyatt on the first Hyatt Regency hotel in the country,"

said Alex Lari, Claremont Group LLC. "We believe the strength of Hyatt's service and culture, as well as its depth of operational expertise, will bring great value to the new hotel."

Hyatt Regency Sulaymaniyah will offer 210 guestrooms, as well as an all-day dining

restaurant, more than 17,500 square feet (1,660 square meters) of meeting and event space, a fitness center, a five-treatment room spa, and three pools. Located in the city of Sulaymaniyah, 210 miles northeast of Baghdad, Hyatt Regency Sulaymaniyah will be the only hotel in Hawary Shar Park, a 240-acre leisure and entertainment park currently under development, which will include a shopping mall, a golf course and zoological gardens.

For more information, please visit www.hyattdevelopment.com.

About Hyatt Regency

Hyatt Regency hotels are conveniently located in urban, suburban, airport, convention

and resort destinations around the world. Properties range in size up to 2,000 rooms, feature intimate and large meeting spaces, and offer a full range of services and dining options tailored to serve the needs of conventions, business travelers or resort vacationers. Hyatt Regency enables all guests – whether they are traveling to work, unwind or gather in celebration – to feel productive and revitalized. www.hyattregency.com

About Claremont Group LLC

A global leader in real estate development, The Claremont Group is a New York based

family owned firm specializing in office, residential, hospitality, student housing, and international emerging markets in the Middle East and Africa. The Group's development activities in Kurdistan include The Atlantic, a new mixed-use 1,600 unit residential project in the heart of Erbil and the DoubleTree Suites by Hilton Erbil due to open in 2014. For more information, please visit www.theclaremontgroup.com.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of September 30, 2023, the Company's portfolio included more than 1,300 hotels and all-inclusive properties in 76 countries across six continents. The Company's offering includes brands in the Timeless Collection, including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt Vacation Club®, Hyatt Place®, Hyatt House®, Hyatt Studios, and UrCove; the Boundless Collection, including Miraval®, Alila®, Andaz®, Thompson Hotels®, Dream® Hotels, Hyatt Centric®, and Caption by Hyatt®; the Independent Collection, including The Unbound Collection by Hyatt®, Destination by Hyatt®, and JdV by Hyatt®; and the Inclusive Collection, including Impression by Secrets, Hyatt Ziva®, Hyatt Zilara®, Zoëtry® Wellness & Spa Resorts, Secrets® Resorts & Spas, Breathless Resorts & Spas®, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith™, Unlimited Vacation Club®, Amstar DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

Forward-Looking Statements

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