Hyatt Announces Plans for Hyatt Place Asheville/Downtown NC
CHICAGO - November 27, 2013 - Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with Parks Hospitality Group for Hyatt Place Asheville/Downtown NC. The hotel will be owned and managed by Parks Hospitality Group, and it is scheduled to open in 2015.
Located in the heart of Downtown Asheville, Hyatt Place Asheville/Downtown NC will be conveniently located walking distance from the city center's numerous restaurants, dining, shops, and entertainment options. Hotel will feature a roof top bar and event space with stunning panoramic views of the stunning Blue Ridge Mountains. The 138-room hotel will feature the Hyatt Place brand's distinct amenities:
• Spacious guestrooms, all of which will feature a swiveling 42-inch HDTV, the plush Hyatt Grand Bed® and a Cozy Corner sectional sofa
• Free Wi-Fi everywhere
• Complimentary a.m. Kitchen Skillet TM for guests, featuring freshly prepared breakfast sandwiches, a variety of fresh fruits, hot and cold cereal, yogurt, breads, premium coffee and an assortment of juices
• 24/7 Gallery Menu & Market serving made-to-order entrees and appetizers around the clock
• A Coffee to Cocktails Bar featuring specialty coffees and premium beers, as well as wines and cocktails
"We are delighted to add the strength and innovation of the Hyatt brand to our growing portfolio. Hyatt Place Asheville/Downtown NC will be the ideal location for leisure and business travelers to enjoy and explore the architectural history, culinary options and arts presence in the Asheville area," said Trevor Walden, vice president of sales & marketing, Parks Hospitality Group.
“It is wonderful to present the award-winning Hyatt Place brand to one of the most vibrant destinations in North Carolina in collaboration with Parks Hospitality Group," said Brett Lasher, vice president of real estate & development, Hyatt Hotels & Resorts. “We are eager to introduce and share Hyatt's authentic hospitality and unique experiences with travelers to the area."
As of September 30, 2013, Hyatt Hotels & Resorts' executed contract base consisted of approximately 200 hotels across all brands and regions in which Hyatt hotels operate. For more information, please visit www.hyattdevelopment.com.
About Hyatt Place
Launched in 2006, Hyatt Place brings to the upscale select service hotel category the authentic hospitality for which Hyatt is known. Inspired by multitasking travelers' 24/7 lifestyle, Hyatt Place combines stylish design and practical amenities with forward-thinking technology and purposeful service. Roomy rooms feature multiple areas to work and relax, and include the in-room Cozy Corner; plush Hyatt Grand Bed®; and separate work space. Guests can also enjoy free Wi-Fi and remote printing everywhere, 24-hour StayFit Gym, Coffee to Cocktails Bar offering beverages made with specialty coffees and a variety of premium beers, wine and cocktails, and a Grab 'n Go case stocked with freshly made sandwiches and salads. The 24/7 Gallery Menu offers freshly prepared meals any time day or night, in addition to the complimentary a.m. Kitchen SkilletTM served daily with a stay, featuring hot breakfast items, fresh fruit and more. Specially trained Gallery Hosts are on hand to offer assistance with everything from directions to check-in to a freshly made meal.
Hyatt Place, a brand of Hyatt Hotels Corporation, offers more than 180 locations in the United States, Costa Rica and India. For Hyatt Place information or to make a reservation, call 1-888-HYATT-HP (888-492-8847) or visit www.HyattPlace.com.
About Parks Hospitality Group
Parks Hospitality Group owns and manages four hotels in North Carolina totaling 416 rooms, employing over 150 associates. They currently have two hotels in development in Wilmington and Asheville, North Carolina and are proud franchise partners with Hilton Worldwide, Marriott International and Hyatt. For more information please visit www.parkshotels.com
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a proud heritage of making guests feel more than welcome. Thousands of members of the Hyatt family strive to make a difference in the lives of the guests they encounter every day by providing authentic hospitality. The Company's subsidiaries manage, franchise, own and develop hotels and resorts under the Hyatt®, Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place®, Hyatt House®, Hyatt ZilaraTM, and Hyatt ZivaTM brand names and have locations on six continents. Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt ResidencesTM and Hyatt Residence ClubTM. As of September 30, 2013, the Company's worldwide portfolio consisted of 535 properties in 47 countries. For more information, please visit www.hyatt.com.
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 actual results to differ materially from current expectations include, among others, the rate and 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; if our third-party owners, franchisees or development partners are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; 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 SEC. We caution you not to place undue reliance on any forward-looking statements, which are made 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 laws. If we update one or more forward-looking statements, no inference shoul d be drawn that we will make additional updates with respect to those or other forward-looking statements.
Contact:
Aurelia Vasquez
Hyatt Hotels & Resorts
+1 305.510.2140
[email protected]
Trevor Walden
Parks Hospitality Group
919.854.2797
[email protected]
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
