Hyatt and R.C. Hedreen Company Announce Plans for a Hyatt Regency Hotel in Seattle
Hyatt Regency Seattle will be located in city’s vibrant Denny Triangle neighborhood, connecting guests to all Seattle has to offer
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with R.C. Hedreen Company for the operation of a Hyatt Regency hotel currently under development in Seattle, Wash. Expected to open in mid-2018, the premium, full service hotel will be located in Seattle's Denny Triangle neighborhood at 8th and 9th Avenues between Stewart and Howell Streets in downtown Seattle.
CHICAGO -- Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with R.C. Hedreen Company for the operation of a Hyatt Regency hotel currently under development in Seattle, Wash. Expected to open in mid-2018, the premium, full service hotel will be located in Seattle's Denny Triangle neighborhood at 8th and 9th Avenues between Stewart and Howell Streets in downtown Seattle.
"Developing a Hyatt Regency hotel in downtown Seattle is consistent with our company's objective to grow strategically in gateway destinations where our guests want us to be, and to do so with great owners and developers like R.C. Hedreen Company," said David Tarr, senior vice president of real estate and development, Hyatt. "We look forward to offering our guests and Hyatt's loyal group of meeting and event planners an outstanding new lodging option in the heart of this dynamic city."
The Hyatt Regency brand experience is designed around one objective: to connect today's travelers to who and what matters most to them. Hyatt Regency Seattle is set to be the largest hotel in the Pacific Northwest, offering 1,260 smartly designed guestrooms, more than 100,000 square feet of flexible meeting and event facilities, multiple food and beverage outlets, and an expansive Regency Club lounge. The hotel will be located two blocks from the existing Washington State Convention Center and immediately adjacent to the proposed convention center expansion, making Hyatt Regency Seattle an ideal base for convention attendees.
"The construction and operation of Hyatt Regency Seattle is a major economic win for the entire Seattle area and Pacific Northwest region, creating jobs, revenue and a world-class hotel experience for travelers and meeting and event planners," said Richard C. Hedreen, chairman, R.C. Hedreen Company. "We are excited to bring a Hyatt Regency hotel to Seattle, and believe the globally recognized brand will resonate with the growing base of business and leisure travelers visiting the city."
Hyatt Regency Seattle will be located in the center of Seattle and proximate to Pike Place Market, the Space Needle and the Seattle Aquarium, as well as Seattle's Capitol Hill and Lake Union neighborhoods, connecting guests to retail and dining, entertainment and nightlife venues.
R.C. Hedreen Company currently owns Grand Hyatt Seattle and Hyatt at Olive 8.
For more information about the Hyatt Regency brand, please visit www.hyattregency.com.
The term "Hyatt" is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
ABOUT HYATT REGENCY
The Hyatt Regency brand prides itself on connecting travelers to who and what matters most to them. More than 168 conveniently located Hyatt Regency urban and resort locations in over 30 countries around the world serve as the go-to gathering space for every occasion – from efficient business meetings to memorable family vacations. The brand offers a one-stop experience that puts everything guests need right at their fingertips. Hyatt Regency hotels and resorts offer a full range of services and amenities, including notable culinary experiences; technology-enabled ways to collaborate; the space to work, engage or relax; and expert planners who can take care of every detail. For more information visit www.hyattregency.com.
ABOUT R.C. HEDREEN COMPANY
R.C. Hedreen Company and its affiliates have been involved in the development, ownership and management of world-class investment properties since 1963. The company has shifted its focus primarily to luxury hotels over the past decade, but its portfolio of successful projects includes retail, high-rise office buildings and single and multi-family homes. For more information, please visit www.rchco.com.
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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
Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable when made, are inherently uncertain, and are subject to numerous assumptions and uncertainties, many of which are outside of Kiraku, Inc. or Hyatt's control, which could cause actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Forward-looking statements made in this press release are made only as of the date of their initial publication and neither party undertakes an obligation to publicly update any of these forward-looking statements as actual events unfold, except to the extent required by applicable law. If one or more forward-looking statements is updated, no inference should be drawn that any additional updates will be made with respect to those or other forward-looking statements.