Hyatt Signs Lease to Relocate Company’s Global Headquarters to Chicago’s West Loop

Hyatt Hotels Corporation (NYSE: H) today announced that a subsidiary has signed a lease on new office space currently under construction at 150 N. Riverside Plaza in Chicago. Hyatt's relocation of its global headquarters to the state-of-the-art facility brings together approximately 1,000 colleagues currently based in two separate buildings.

"In addition to driving efficiencies through this new work space, we're very excited to enhance the workplace environment in which our colleagues operate so they are positioned for continued success"

"We are pleased to announce we will be relocating our headquarters to a brand new building that is still under construction along the west side of the Chicago River in the vibrant West Loop neighborhood," said Mark Hoplamazian, president and chief executive officer, Hyatt Hotels Corporation. "By bringing together all of our Chicago-based corporate colleagues under one roof, we will expand opportunities for our teams to collaborate with each other and continue to contribute to the thriving business community and hospitality industry here in Chicago."

"In addition to driving efficiencies through this new work space, we're very excited to enhance the workplace environment in which our colleagues operate so they are positioned for continued success," said Robb Webb, chief human resources officer, Hyatt Hotels Corporation. "We plan to actively involve our colleagues in the transition process to develop space that promotes creativity and a great employment experience."

"We are thrilled Hyatt continues to expand its presence in Chicago and capitalize on the city's talent base and access to domestic and global markets," said Jeff Malehorn, president & chief executive officer of World Business Chicago, which is Mayor Rahm Emanuel's and the City of Chicago's public-private economic development entity.

150 N. Riverside Plaza is a 53-story, 1.2 million-square-foot office tower currently under construction in the West Loop along the Chicago River. Hyatt expects to begin transitioning its colleagues to 150 N. Riverside Plaza before the end of 2017.