L:R - Mr. Mahmoud Abdulhadi, Deputy Minister of Investment Attraction at the Ministry of Tourism of Saudi Arabia, and a member of the Board of Directors of Rua Al Madinah Holding Company. Eng. Ahmed AlJuhani, Chief Executive Officer of Rua Al Madinah Holding Company. Eng. Mohammed AlKhalil, Chairman of Rua Al Madinah Holding Company. — Photo by Hyatt

CHICAGOHyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into management agreements with Rua Al Madinah Holding Company to manage three new Hyatt-branded hotels, including Grand Hyatt Madinah, Hyatt Regency Madinah and Hyatt Place Madinah. Upon opening, these properties will participate in the World of Hyatt loyalty program and will add a combined 1,729 room keys to Hyatt’s portfolio in the Kingdom of Saudi Arabia, significantly expanding Hyatt’s brand presence in the country and demonstrating its commitment to strategic growth of its portfolio in key markets that matter to its guests, World of Hyatt members, customers and owners.

The three properties will be part of the Rua Al Madinah project and are set to be the first Hyatt-branded hotels in Madinah, a city that aims to attract 30 million tourists by 2030. The Rua Al Madinah project is one of the most important initiatives of the Public Investment Fund to achieve the Kingdom of Saudi Arabia’s Vision 2030, which aims to raise the readiness of the eastern region of the Prophet’s Mosque to accommodate the rising demand in tourism. Set within a distinguished urban environment, the milestone project will aim to enrich the visitor’s experience through the development of integrated systems for hotels, commercial projects and urban centres that highlight the religious and cultural characteristics of Al Madinah Al Munawwarah; all, in an atmosphere full of tranquillity and harmony.

The Kingdom of Saudi Arabia continues to play a pivotal role in Hyatt’s growth strategy in the Middle East and we are excited to work with Rua Al Madinah Holding Company on the plans for these fantastic properties in Madinah. We are enthusiastic about Saudi Arabia’s vision and strategy for the country, and glad to see how tourism continues to grow year over year. We are honored to be part of this growth and these new properties signal Hyatt’s commitment to thoughtful brand growth in desirable destinations and further reinforces Hyatt’s position as a hospitality leader in the region. Javier Águila, Group President, Europe, Middle East and Africa, Hyatt

Hyatt Place Madinah will feature 860 thoughtfully designed guestrooms, a large dining restaurant, event space and a fitness center. It will provide self-reliant travelers with a casual yet stylish environment that adapts seamlessly for all types of stay occasions.

Hyatt Regency Madinah will have 539 well-appointed guestrooms, multiple dining venues, a spacious lobby lounge and a Regency Club where guests can come to relax, refuel or focus on work. The guestroom interior will be designed for tranquillity and productivity and will incorporate inspirational design elements from Madinah’s culture. True to the brand promise, the property will be a go-to gathering space for every occasion, while providing a memorable experience for those visiting the Holy City of Madinah on spiritual and religious journeys.

Grand Hyatt Madinah will be designed to offer guests an elevated and sophisticated experience. Positioned as a destination within a destination, the property will have 330 luxurious guestrooms, premium dining experiences, and a double-height lobby with modern interiors that will reflect the vibrant design and bold architecture that the Grand Hyatt brand is known for.

We are delighted to collaborate with Rua Al Madinah Holding Company to bring three of Hyatt’s world-class brands to Madinah. The Rua Al Madinah development is a significant project that is set to further amplify the Kingdom’s cultural capital and we look forward to showcasing Hyatt’s diverse portfolio that will meet the needs of global travellers. Ludwig Bouldoukian, Regional Vice President, Development, Middle East and Africa, Hyatt
The development of these three hotels as part of the Rua Al Madinah masterplan marks an exciting milestone of the entry of Hyatt’s renowned brand portfolio into the city of Madinah. We are excited to bring Hyatt's exceptional standards of hospitality to Madinah and are confident of the positive impact this project will bring to the city's tourism industry as we progress its development. Eng. Ahmed Al Juhani, CEO, Rua Al Madinah Holding
The addition of Grand Hyatt, Hyatt Regency, and Hyatt Place hotels to Rua Al Madinah's hospitality offerings is a major milestone for our company. We are excited to work with Hyatt and offer our guests world-class amenities and experiences in one of the world's most historically and culturally significant cities. This collaboration is a testament to our commitment to elevating the travel experience in Madinah and we look forward to welcoming guests to these new properties soon. Mr. Ahmed Bin Madhi, CIO, Rua Al Madinah Holding

The three properties join Hyatt’s highly anticipated pipeline in Saudi Arabia, which is set to solidify Hyatt’s portfolio and diverse brand presence across key destinations in the country, including the Holy City of Madinah.

Hyatt’s current portfolio in Saudi Arabia consists of six properties across five brands: Park Hyatt Jeddah – Marina, Club and Spa, Grand Hyatt Al Khobar Hotel and Residences, Hyatt Regency Riyadh Olaya, Jabal Omar Hyatt Regency Makkah, Hyatt Place Riyadh Al Sulaimania and Hyatt House Jeddah Sari Street.

For information on Hyatt’s existing brand portfolio, 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.

About Rua Al Madinah Holding

A wholly-owned subsidiary of Saudi Arabia’s Public Investment Fund, Rua Al Madinah Holding undertakes holistic development projects that feature modern urban planning to elevate the experience of residents and visitors of Madinah, the home to countless Islamic monuments that tell the story of the Prophet (PBUH) and his revered companions. The company aims to elevate Madinah as a modern Islamic and cultural destination. With a capital of SAR2.99 billion, Rua Al Madinah Holding aims to develop a comprehensive hospitality and retail ecosystem that further enhances the inclusive and communal nature of Madinah. Through diverse development projects and an ultramodern infrastructure that enrich the experience of both residents and visitors, the company’s driving vision is to improve the quality of infrastructure and services according to the highest international standards.

Rua Al Madinah Holding’s strategy is fully aligned with the Public Investment Fund’s efforts to develop and enable promising sectors and help accomplish the Vision 2030 objective of bringing 30 million Hajj and Umrah pilgrims to the Kingdom by the year 2030.

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.

Glennie Janssen
Hyatt
+1 312 780 6120
Hyatt