Grand Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) and Emirates Pearl for Development & Investment L.L.C. (EPDI) announced today an agreement between a Hyatt affiliate and Emirates Pearl for the management of a Grand Hyatt hotel in Abu Dhabi, which is expected to open in 2015. Emirates Pearl for Development & Investment is a joint venture between a subsidiary of Atlas Group and Tourism Development & Investment Company (TDIC). TDIC is a master developer of major tourism, cultural and residential destinations in Abu Dhabi.

Destined to be iconic, the 47-story hotel will be located on the southwest end of the Coastal Boulevard in the prestigious Ras Al Akhdar district of central Abu Dhabi, conveniently located close to upscale shopping malls, tourist attractions and only 30 minutes from Abu Dhabi International Airport.

Designed by Dennis Lems Architects Associates, with interiors by MKV Design of London, the contemporary 'twisting' glass tower will offer 368 rooms, 60 fully furnished service apartments, four restaurants, a lounge, two bars, extensive meeting facilities and a sophisticated spa and fitness center.

According to H.E. Ahmed Seddiq Al Mutawaa, Chairman of Atlas Group and EPDI, "Our relationship today with a world-class operator such as Hyatt follows a detailed due diligence process undertaken by Atlas Group and its consultants and advisors. Hyatt shares our vision for the hotel and we are delighted to have the opportunity to work together.

"Furthermore, I believe that the success of this ambitious project will be assured by the continuing support of the Abu Dhabi Tourism and Culture Authority and the Tourism Development & Investment Company. The building and operation of this hotel is further evidence of the momentous tourism development program initiated by the government of Abu Dhabi."

Peter Fulton, Group President for Europe, Africa, Middle East/Southwest Asia, Hyatt, said, "Grand Hyatt hotels are known for their luxurious accommodations, extraordinary restaurants, dramatic architecture and state-of-the-art meeting services. Grand Hyatt Abu Dhabi Hotel & Residences Emirates Pearl will fulfill all these criteria and offer a complete destination. We are delighted to work together with Atlas Telecommunications and Tourism Development & Investment Company to introduce the Grand Hyatt brand to the UAE capital."

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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