Hyatt Announces Closing of 38 Select Service Hotel Portfolio

CHICAGO--()--Hyatt Hotels Corporation (NYSE: H) today announced that its affiliates have closed on the previously announced sale of 38 hotels to a company organized by Lone Star Funds (the “Purchaser”). The portfolio of 38 hotels (the “Hyatt Portfolio”) consists of Hyatt Place and Hyatt House hotels totaling 4,950 rooms. As part of the sale, Hyatt has entered into franchise agreements with the Purchaser, with all hotels retaining their existing Hyatt Place and Hyatt House branding.

The total proceeds from the sale of the Hyatt Portfolio, which is comprised of the hotels listed below, were approximately $590 million. The Purchaser intends to spend approximately $50 million in additional capital expenditures across the Hyatt Portfolio over the next 24 months.

             
Property   City   State   Rooms
Hyatt House Boston/Burlington   Burlington   MA   150
Hyatt House Branchburg   Branchburg   NJ   139
Hyatt House Sterling/Dulles Airport-North   Sterling   VA   162
Hyatt House Fishkill/Poughkeepsie   Fishkill   NY   135
Hyatt House Morristown   Morristown   NJ   132
Hyatt House Raleigh Durham Airport   Morrisville   NC   141
Hyatt House Parsippany-East   Parsippany   NJ   140
Hyatt House Parsippany Whippany   Whippany   NJ   135
Hyatt House Philadelphia/Plymouth Meeting   East Norriton   PA   131
Hyatt House Richmond-West   Richmond   VA   134
Hyatt House Shelton   Shelton   CT   127
Hyatt Place Albuquerque Airport   Albuquerque   NM   127
Hyatt Place Atlanta/ Alpharetta/Windward Parkway   Alpharetta   GA   127
Hyatt Place Atlanta/ Norcross/Peachtree   Norcross   GA   126
Hyatt Place Birmingham/Inverness   Birmingham   AL   126
Hyatt Place Boise/Towne Square   Boise   ID   127
Hyatt Place Charlotte Airport/Tyvola Road   Charlotte   NC   127
Hyatt Place Chicago/Itasca   Itasca   IL   126
Hyatt Place Cincinnati Airport/Florence   Florence   KY   126
Hyatt Place Cincinnati- Northeast   Mason   OH   127
Hyatt Place Cleveland/ Independence   Independence   OH   127
Hyatt Place Denver Airport   Aurora   CO   126
Hyatt Place Detroit/Auburn Hills   Auburn Hills   MI   127
Hyatt Place Detroit/ Livonia   Livonia   MI   127
Hyatt Place Lakeland Center   Lakeland   FL   127
Hyatt Place Louisville-East   Louisville   KY   121
Hyatt Place Memphis/ Primacy Parkway   Memphis   TN   126
Hyatt Place Mystic   Mystic   CT   79
Hyatt Place Oklahoma City Airport   Oklahoma City   OK   126
Hyatt Place Omaha/

Downtown-Old Market

  Omaha   NE   159
Hyatt Place Nashville/ Brentwood   Brentwood   TN   124
Hyatt Place Nashville/ Opryland   Nashville   TN   123
Hyatt Place Pittsburgh Airport   Pittsburgh   PA   127
Hyatt Place Pittsburgh/ Cranberry   Cranberry Township   PA   127
Hyatt Place Richmond/ Arboretum   Richmond   VA   127
Hyatt Place Sacramento/ Rancho Cordova   Rancho Cordova   CA   127
Hyatt Place Secaucus/ Meadowlands   Secaucus   NJ   159
Hyatt Place Tampa/ Busch Gardens   Tampa   FL   126
     

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 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 develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences and vacation ownership properties, including under the Hyatt®, Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place®, Hyatt House®, Hyatt Zilara, Hyatt Ziva, Hyatt Residences® and Hyatt Residence Club® brand names and have locations on six continents. As of September 30, 2014, the Company's worldwide portfolio consisted of 573 properties in 48 countries. For more information, please visit www.hyatt.com.

Contacts

Hyatt Hotels Corporation
Media Contact:
Amy Patti
312 780 5620
amy.patti@hyatt.com
or
Investor Contact:
Atish Shah
312 780 5427
atish.shah@hyatt.com

Release Summary

Hyatt Hotels Corporation (NYSE: H) today announced that its affiliates have closed on the previously announced sale of 38 hotels to a company organized by Lone Star Funds (the “Purchaser”).

Contacts

Hyatt Hotels Corporation
Media Contact:
Amy Patti
312 780 5620
amy.patti@hyatt.com
or
Investor Contact:
Atish Shah
312 780 5427
atish.shah@hyatt.com