Hyatt Place

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with an affiliate of Boutique Group of Companies for a Hyatt Place hotel in Phuket, Thailand. Expected to open in 2016, Hyatt Place Phuket, Patong will mark the first Hyatt Place hotel in Phuket, Thailand.

"Thailand continues to be an important market for Hyatt, both from a leisure and business travel perspective. Phuket in particular is one of Southeast Asia's premier leisure destinations, and Hyatt's expanding resort portfolio is key to creating preference among our guests," said Ratnesh Verma, senior vice president, real estate and development, Asia Pacific, Hyatt. "Hyatt Place Phuket, Patong will be the company's first Hyatt Place resort hotel in Southeast Asia, and it is a privilege to work with such an experienced and dynamic owner as the Boutique Group."

"We are pleased to work with Hyatt on our latest hotel development. Hyatt Place Phuket, Patong will be Boutique's twelfth real estate development, the ninth hotel development and the company's first hotel project in Phuket," said Group Chief Executive Officer Prab Thakral of Boutique Group of Companies. "We have further plans to expand over the next twelve months by adding another three hotel developments in Phuket to the Boutique portfolio. From Hyatt and Boutique's combined strength and expertise in hotel development and management, we are confident that Hyatt Place Phuket, Patong will excel and gain loyal guests in the region and will further enhance our real estate portfolio. Furthermore, we look forward to the opportunity to work with Hyatt on other hotel projects in the future."

Hyatt Place Phuket, Patong will feature 161 guestrooms with balconies, a swimming pool, a fitness center, a restaurant and bar, a business center, and more than 2,400 square feet (225 square meters) of flexible, high-tech meeting/function space.

Located in the heart of Phuket, Hyatt Place Phuket, Patong will be nestled on an elevated piece of land on Patong beach. The hotel will be a short walk from the seafront, and will offer panoramic views across the bay. Tucked away from the city center, the hotel will provide guests with a sense of tranquility and also offer easy access to Patong's entertainment, markets, dining, and shopping.

Hyatt Place Phuket, Patong will join three Hyatt-branded hotels already in operation in Thailand, including Grand Hyatt Erawan Bangkok, Hyatt Regency Hua Hin and Hyatt Regency Phuket Resort. There are also three previously announced hotels under development, including Park Hyatt Bangkok, Hyatt Regency Bangkok, Sukhumvit and Hyatt Place Bangkok, Sukhumvit.

About Boutique Group of Companies

Boutique Group of Companies is a leading property developer in Thailand, focusing on high quality mid-market serviced residences and hotels. The group currently owns multiple hospitality assets under the brands Citadines, Oakwood and Ozo in major Thai cities such as Bangkok and Pattaya. The group intends to further expand its hospitality development platform across Thailand and particularly Phuket. Additionally, Boutique Group of Companies has diversified into the retail development and condominium development sectors with Rain Hill on Sukhumvit 47, an award winning community mall and the development of the 252-unit Treetops Condominium in Pattaya to be completed in 2015. Furthermore, Boutique Group of Companies has recently diversified to quick service restaurant business by partnering with one of Japan's largest food group to expand Marugame Seimen udon restaurants in Thailand.

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 June 30, 2024, the Company's portfolio included more than 1,350 hotels and all-inclusive properties in 78 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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