Renovation & Expansion Underway for WA's Grand Hyatt Seattle; New Total 457-rooms

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. May 23, 2014

SEATTLE - May 23, 2014 - Grand Hyatt Seattle today announced it is nearing the completion of a $6.3 million dollar renovation that updates guest room decor, expands the number of rooms from 425 to 457, and will refresh the property's Grand Club lounge. Located in the heart of Seattle's bustling retail and theater district, Grand Hyatt Seattle combines unparalleled Seattle skyline views, rich cutting-edge design and flawless personal service.

"Our hotel is a go-to for both business and leisure travelers looking for well-appointed accommodations in downtown Seattle, and we wanted to expand the number of rooms to ensure that we can accommodate demand," said General Manager Steve Vissotzky. "Along with more rooms for our guests, we've also updated those rooms with new furniture and window treatments to continue to provide a luxurious experience for our loyal guests."

To complement the already richly decorated hotel, each guest room received new Sapelle Mahogany solid wood work desks with pop-up electrical plugs, TV armoires and nightstands, contemporary nightstand lamps with dimmable LED lighting and bedside electrical outlets. The rooms also feature, comfortable, yet stylish chairs and ottomans and decorative window treatments to match the contemporary brown and cream color scheme.

Inspired by the colors and landscape of the Pacific Northwest, the 1,200-square-foot Grand Club will also receive a complete facelift with new wood and stone surfaces, modern metal fixtures and luxurious furniture, making for a warm and inviting space. As always, Grand Club guests can enjoy complimentary continental breakfast, evening hors d'oeuvres and gourmet snacks, along with private areas to work or relax and enjoy views of the Cascade Mountains. The expected completion of the Grand Club refresh is July 2014.

The renovation, along with the location and amenities found at Grand Hyatt Seattle, offer a well-appointed getaway for a variety of travelers. For more information about Grand Hyatt Seattle, visit www.grandseattle.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 should be drawn that we will make additional updates with respect to those or other forward-looking statements.

About Grand Hyatt Seattle

Cosmopolitan flair and Pacific Northwest tranquility come together at the luxurious Grand Hyatt Seattle. This AAA four-diamond hotel located in the heart of the city's thriving retail and theater district features classic Pacific Northwest styling, extravagant modern appointments and uncompromising personal service. Located just steps from the Seattle Convention Center, Grand Hyatt Seattle features 457 luxurious guestrooms, all fully furnished with a sleek modern design, plush Grand Beds™, iHome docks and access to a complimentary 24-hour StayFit fitness center, steam room, sauna and more. The property is also home more than 25,000 square feet of versatile function space, including a 5,671 square foot ballroom, state-of-the-art amphitheater and 18 additional meeting rooms. For more information, visit www.grandseattle.hyatt.com.

About Grand Hyatt

Grand Hyatt hotels feature large-scale, distinctive hotels in major gateway cities and resort destinations. With presence around the world and critical mass in Asia, Grand Hyatt hotels provide sophisticated global business and leisure travelers with upscale accommodations, extraordinary restaurants, bars, spas and fitness centers, as well as comprehensive business and meeting facilities. Signature elements of Grand Hyatt hotels include dramatic architecture, state of the art technology, and facilities for an array of business or social gatherings of all sizes.