Industry Update
Press Release29 April 2019

Hyatt Plans to Double its Brand Footprint in the Kingdom of Saudi Arabia by 2023

Five new Hyatt hotels to open as part of commitment to better diversify the country's economy

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Global Hyatt Corporation

CHICAGO - Hyatt Hotels Corporation (NYSE: H) announced today that it expects the number of Hyatt hotels in Saudi Arabia to double, with five additional Hyatt branded hotels to open by 2023, adding approximately 1,300 rooms to the region. The expansion includes the anticipated opening of Grand Hyatt Al Khobar, marking the first Grand Hyatt branded hotel in the Kingdom, set to open in late 2019. The expected opening of Jabal Omar Hyatt Centric Makkah Hotel and Residences will mark the entry of the Hyatt Centric brand into the country. Additionally Hyatt Regency Jeddah Serafi Mall is slated for a 2021 opening and a dual-branded Hyatt Place and Hyatt House Riyadh/KAFD is slated for 2022.

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"The Kingdom of Saudi Arabia is one of the fastest growing religious tourism markets in the world and one of Hyatt's primary focus areas within the Middle East," said Ludwig Bouldoukian, regional vice president of development, Middle East and North Africa for Hyatt. "Saudi Arabia continues to make significant strides in boosting tourism and infrastructure in a bid to diversify the economy. The ambitious expansion of Hyatt brands cement Hyatt's brand presence, both amongst Gulf residents and the increasing number of international travelers visiting Saudi Arabia."

Hyatt's growth strategy is aligned with Saudi Arabia's "Vision 2030," which focuses on increasing tourism and the Kingdom's economy. The anticipated new properties reinforce Hyatt's ongoing commitment to developing its brand pipeline, with the current portfolio consisting of Park Hyatt Jeddah, Jabal Omar Hyatt Regency Makkah, Hyatt Regency Riyadh Olaya, Hyatt Place Riyadh Al Sulaimania and Hyatt House Jeddah Sari Street.

"Hyatt has established a strong brand reputation in Saudi Arabia and the wider Middle East by consistently delivering premium service," said Kurt Straub, vice president of operations, Middle East, Africa and South West Asia for Hyatt. "By identifying the needs of local and international high-end travelers, we will continue this journey of excellence by offering memorable experiences, complemented by impeccable service standards."

Hyatt's growth in Saudi Arabia includes plans for the following hotel openings:

  • Grand Hyatt
    The first of its kind in Saudi Arabia, Grand Hyatt Al Khobar, slated to open in late 2019, will be situated within Al Rashid Mall in Saudi Arabia's Eastern Province. Al Khobar is one of the largest cities in the Gulf Cooperation Council (GCC) and, together with Dammam and Dhahran, form the 'Triplet Cities,' Saudi Arabia's key economic and tourism hubs. Here, the Grand Hyatt brand will inspire guests to celebrate their life's ambitions through its captivating appeal and welcoming service that creates moments of more.
  • Hyatt Regency
    Hyatt Regency Jeddah Serafi Mall, slated to open in fall 2021, is located in Jeddah's Al Aziziyah neighborhood. The 19-story hotel will be well-equipped with more than 500 guestrooms and residences, a lobby lounge designed for productivity, two diverse dining options, a signature ballroom equipped with facilities synonymous with the Hyatt Regency brand, and wellness and fitness facilities. Attached to one of the largest retail malls in Jeddah, Serafi Mega Mall, the hotel will serve as a seamless venue for both leisure and business travelers.
  • Hyatt Place and Hyatt House
    With the planned opening of dual-branded Hyatt Place and Hyatt House hotels in Riyadh, slated to open in fall 2022, the number of Hyatt Place and Hyatt House properties in Saudi Arabia will rise to four, adding to the recently opened Hyatt Place Riyadh Al Sulaimania and Hyatt House Jeddah Sari Street. As a dual-branded location, the hotels will facilitate the needs of high energy individuals looking to balance business with leisure, while the Hyatt House hotel will appeal to long-term residents, with its apartment style living, promoting continuity of work and lifestyle.
  • Hyatt Centric
    Jabal Omar Hyatt Centric Makkah Hotel and Residences, slated to open in late 2023, will mark the first hotel under the Hyatt Centric brand in Saudi Arabia and the third in the Middle East. The hotel will feature 196 guestrooms and suites, while the residences will include 200 branded units that will be available to the public. Both the hotel and residences will offer modern design collaborations with influential brands and local artists that are synonymous with the Hyatt Centric brand, known to connect guests to the heart of the action so they never miss a moment of adventure.

Hyatt-branded hotels currently open across the Middle East:

The Kingdom of Saudi Arabia

  • Park Hyatt Jeddah
  • Jabal Omar Hyatt Regency Makkah
  • Hyatt Regency Riyadh Olaya
  • Hyatt Place Riyadh Al Sulaimania
  • Hyatt House Jeddah Sari Street

United Arab Emirates

  • Park Hyatt Abu Dhabi
  • Park Hyatt Dubai
  • Andaz Capital Gate Abu Dhabi
  • Grand Hyatt Abu Dhabi
  • Grand Hyatt Dubai
  • Hyatt Regency Dubai
  • Hyatt Regency Dubai Creek Heights
  • Hyatt Place Dubai/Al Rigga
  • Hyatt Place Bani Yas Square
  • Hyatt Place Dubai/Wasl District

The State of Kuwait

  • Hyatt Regency Al Kout

The Hashemite Kingdom of Jordan

  • Grand Hyatt Amman
  • Hyatt Regency Aqaba Ayla Resort

Sultante of Oman

  • Grand Hyatt Muscat
  • Alila Jabal Akhdar

The State of Qatar

  • Grand Hyatt Doha

For more information about Hyatt hotels, please visit www.hyatt.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.

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. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. 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 by us and our management, are inherently uncertain. Factors that may cause our actual results, performance or achievements to differ materially from current expectations include, among others, the rate and the pace of economic recovery following economic downturns; levels of spending in business and leisure segments as well as consumer confidence; declines in occupancy and average daily rate; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; the financial condition of, and our relationships with, third-party property owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and the introduction of new brand concepts; the timing of acquisitions and dispositions, and our ability to successfully integrate completed acquisitions with existing operations; our ability to successfully execute on our strategy to expand our management and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; changes in the competitive environment in our industry, including as a result of industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program; cyber incidents and information technology failures; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the U.S. Securities and Exchange Commission. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

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Hyatt Regency
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About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 20 premier brands. As of June 30, 2019, the Company's portfolio included more than 875 properties in over 60 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination®, Hyatt Regency®, Hyatt®, Hyatt Ziva, Hyatt Zilara, Thompson Hotels®, Hyatt Centric®, Caption by Hyatt, Joie de Vivre®, Hyatt House®, Hyatt Place®, tommie™, Hyatt Residence Club® and Exhale® brand names, and operates the World of Hyatt® loyalty program that provides distinct benefits and exclusive experiences to its valued members. For more information, please visit www.hyatt.com.

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