CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Société d'Investissement Hôtelière EPE SPA for a Hyatt Regency hotel to be located at Houari Boumediene Airport in Algiers, Algeria. The hotel, expected to open late 2018, will mark the first Hyatt-branded hotel in Algeria. Hyatt Regency Algiers Airport will add to Hyatt’s growing brand presence in Africa, following the successful openings of Hyatt Place Taghazout Bay in Morocco and Park Hyatt Zanzibar in Tanzania in 2015, which brought the total number of Hyatt-branded hotels in Africa to six.
“This is a landmark moment for Hyatt – Hyatt Regency Algiers Airport will be the first Hyatt-branded hotel in Algeria and further demonstrates the company’s commitment to growing its brand footprint in Algeria and throughout Africa,” said Peter Norman, senior vice president, acquisitions and development – Europe, Africa, and Middle East for Hyatt. “The region is home to some of the world’s fastest growing economies, with enticing prospects for both business and leisure travel.”
Hyatt Regency Algiers Airport will be part of a wider airport expansion in one of North Africa’s largest cities. The 326-room hotel will be situated directly opposite the airport’s new terminal and will be the only terminal-linked hotel.
Ideally located at the entry to the airport, Hyatt Regency Algiers Airport will offer guests a one-stop experience, designed with everything under one roof. The hotel will provide dedicated airline lounges, a Regency Club lounge, a rooftop swimming pool and a large lobby with an all-day dining restaurant, which will serve as a central gathering point at the hotel for business travellers, conference hosts and leisure travellers alike. Additionally, the hotel will offer a variety of lounge and seating areas to provide guests with the spaces they need, whether for work or relaxation, and more than 4,950 square feet (460 square meters) of meeting and event space.
“We are delighted to be working on our first project with Hyatt and to introduce the Hyatt Regency brand to Algeria,” said Hamid Melzi, président directeur general, Société d'Investissement Hôtelière EPA SPA. “With the hotel’s prominent location at Houari Boumediene Airport, we believe the globally recognized Hyatt Regency brand will resonate with the growing base of business and leisure travelers visiting the city.”
For more information, please visit hyattregency.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 Hyatt Regency
The Hyatt Regency brand prides itself on connecting travelers to who and what matters most to them. More than 175 conveniently located Hyatt Regency urban and resort locations in over 30 countries around the world serve as the go-to gathering space for every occasion – from efficient business meetings to memorable family vacations. The brand offers a one-stop experience that puts everything guests need right at their fingertips. Hyatt Regency hotels and resorts offer a full range of services and amenities, including the space to work, engage or relax; notable culinary experiences; technology-enabled ways to collaborate; and expert event planners who can take care of every detail. For more information, please visit hyattregency.com. Follow @HyattRegency on Facebook, Twitter and Instagram, and tag photos with #AtHyattRegency.
About Société d'Investissement Hôtelière EPE SPA
Société d'Investissement Hôtelière EPE SPA is a company whose shareholders are amongst the most important financial and industrial institutions in Algeria. Since its creation in 1997, the company has developed numerous internationally branded hotels throughout the country. The company’s track record further includes the “Centre International Des Conférences,” the “Ecole Supérieure d'Hôtellerie et de Restauration” in collaboration with Lausanne Hotel School, and several residential projects.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 13 premier brands. As of December 31, 2016, the Company's portfolio included 698 properties in 56 countries. 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 create value for shareholders, build relationships with guests and attract the best colleagues in the industry. 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 Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt™, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™ and Hyatt Residence Club® brand names and have locations on six continents. For more information, please visit 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 our actual results, performance or achievements 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; 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 the 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; changes in the competitive environment in our industry, including as a result of industry consolidation, and the markets where we operate; general volatility of the capital markets and our ability to access such 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 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.