Park Hyatt Hotels

JAKARTA – PT MNC Land Tbk (MNC Land) and Hyatt Hotels Corporation (NYSE: H) today announced plans for the first Park Hyatt hotel in Indonesia, which will be located in the heart of Jakarta at MNC Center, Kebon Sirih. Expected to open in the first half of 2018, the new Park Hyatt Jakarta will be a refined, sophisticated space for local and international guests to experience the symbiosis between Indonesia's natural wonders and Jakarta's modern, urban lifestyle.

"We are thrilled to have the chance to work with MNC Land, one of the largest property developers in Indonesia, to introduce a new personalized luxury experience to this dynamic city," said David Udell, Group President – ASPAC, Hyatt. "Park Hyatt Jakarta will capture the multi-layered diversity of Indonesia. By combining the traditions of Jakarta with modern design elements, we hope to make the hotel a special place for both our discerning global travelers and those local to Jakarta."

Park Hyatt Jakarta will serve guests with highly personalized, intuitive and fully engaged service; renowned art and design; a profound reverence for culture; and exceptional food and wine.

To provide guests with a strong sense of place that complements and connects to the local culture, Park Hyatt Jakarta will feature a modern interpretation of Indonesia's rich craftsmanship, traditional techniques and indigenous materials. Through contemporary art, architectural and styling elements in the interior spaces, Park Hyatt Jakarta will provide a fresh perspective of modern day Indonesia.

Ideal for both local and international guests, Park Hyatt Jakarta will be positioned on the top 20 floors of the 37 floor mixed-use building development by MNC Land, which will ensure panoramic views of the city. Featuring five premium food and beverage outlets, Park Hyatt Jakarta will also bring world-class dining and entertainment options to the city.

Mr. Hary Tanoesoedibjo, Chairman and CEO of MNC Group, commented, "We look forward to adding Park Hyatt Jakarta to our portfolio of landmark hotels. We believe in working with the best from around the globe to push the envelope and bring even higher quality standards of guest experiences to Indonesia. We are confident that Park Hyatt Jakarta, along with the other facilities in MNC Media Tower, will deliver on this promise and once again cement MNC Land's reputation as a world-class developer."

Park Hyatt Jakarta will join the four existing Hyatt-branded hotels in Indonesia: Grand Hyatt Jakarta, Grand Hyatt Bali, Hyatt Regency Yogyakarta and Hyatt Regency Bali, which is currently undergoing an exciting renovation.

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 MNC Land

MNC Land is part of the MNC Group, which was founded in 1989 by Mr. Hary Tanoesoedibjo. The Group is one of the leading investment companies in Indonesia with three core strategic business arms, including media, financial services and property. Its media arm, MNC Media, is the largest and most integrated media company in Southeast Asia.

As one of the largest property groups in Indonesia, MNC Land acquires, develops and manages commercial and residential properties. Existing properties in its portfolio include: The Westin Convention and Resort Hotel in Nusa Dua, Bali; Pan Pacific Nirwana Bali Resort, featuring an award-winning hotel and championship golf course in Tabanan, Bali; and a minority investment in Plaza Indonesia, Jakarta, which encompasses the Grand Hyatt Hotel and Keraton Luxury Collection Hotel.

With the aim of creating the world-class communities and lifestyles of tomorrow, MNC Land also has several iconic new projects under development, such as MNC Lido City, a 3,000-ha integrated entertainment and lifestyle destination featuring Indonesia's first world-class theme park in Lido, West Java and MNC Bali Resort, a 106-ha luxury resort in Tabanan, Bali. Both of these new projects will star Trump Hotels' premiere resorts and signature golf courses in Asia, with courses designed by Major Championship winners Ernie Els and Phil Mickelson. In addition, MNC Land is developing several hotels, residential projects, apartments and office buildings in prime areas of Jakarta and Surabaya, such as Indonesia's first Park Hyatt Hotel in Jakarta, and One East Penthouse and Residences Collection in Surabaya, which also features Oakwood Hotel & Residences. Aside from property development, MNC Land provides property management services and other property-related services. For more information, please visit www.mncland.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

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.

Karen Chung
Hyatt Hotels & Resorts
+852 2768 1271
Hyatt