Hyatt Announces Plans for First Hyatt Centric Hotel in Ireland

Hyatt Centric The Liberties Dublin to be the fifth Hyatt Centric hotel in Europe

CHICAGO--()--Hyatt Hotel Corporation (NYSE: H) today announced plans for the first Hyatt property in Ireland, Hyatt Centric The Liberties Dublin. A Hyatt affiliate has entered into a franchise agreement for a Hyatt Centric hotel in Dublin with Realmside Ltd, an affiliate of Hodson Bay Group, an Irish hotel and property group owned by the O’Sullivan family. The 234-room hotel will be managed by Hodson Bay Group Management Ltd and is expected to open in May 2019.

“We are excited about our first hotel in Ireland,” said Nuno Galvao Pinto, regional vice president, real estate and development, Europe and North Africa for Hyatt. “The deal for a Hyatt Centric hotel in Dublin reflects our broader strategy to have hotels where guests want to be. Working with Hodson Bay Group Management Ltd., an experienced owner and operator, fits our strategy of aligning ourselves with key hotel industry players across European markets, with the goal of building long-term relationships.”

The hotel will be situated in The Liberties, a historic and vibrant area in the heart of Dublin that has undergone significant revitalization in recent years. Enabling guests to discover everything Dublin has to offer, the hotel will be within easy walking distance to Dublin’s major attractions including the historic St Patrick’s Cathedral, Dublin Castle and Vicar Street—the city’s premier live music venue. For eager-to-explore, millennial-minded business and leisure guests, Hyatt Centric The Liberties Dublin will also be in close proximity to exciting destinations such as the home of Guinness and St James’s Gate brewery.

Hyatt Centric The Liberties Dublin is being designed to encourage interaction and engagement with large windows allowing for an immediate view of the bustling Dublin community outside. The hotel will also feature a state-of-the-art gym and social spaces from which guests will enjoy a wide range of restaurant, bar, café and lounge options, in addition to an expansive conference space for external events.

“We are excited to bring the first Hyatt Centric hotel to Ireland,” said John O’Sullivan, Chairman of Hodson Bay Group. “The Liberties has been inhabited more than 1000 years and is the oldest part of Dublin, which is currently experiencing a complete regeneration as part of Dublin City Council’s plans to create a launch pad to explore the culture and heritage of the city. The Hyatt Centric brand is perfect for guests who want to immerse themselves in the heart of this vibrant city.”

The plans for Hyatt Centric The Liberties Dublin demonstrate strong continued growth for the Hyatt Centric brand in Europe. Hyatt Centric The Liberties Dublin will be joining Hyatt Centric La Rosière, in France, Hyatt Centric Gran Via Madrid in Spain and Hyatt Centric Levent Istanbul in Turkey, all of which opened in 2017. Further Hyatt Centric Yalikavak Bodrum, Turkey, is planned to open in Summer 2019.

For more information on the Hyatt Centric brand and its range of properties worldwide, visit hyattcentric.com and connect with the Hyatt Centric brand on Facebook and Instagram.

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

The Hyatt Centric Experience

Hyatt Centric is a brand of full-service lifestyle hotels located in prime destinations. Created for millennial-minded travelers who want to be in the middle of the action, Hyatt Centric hotels are thoughtfully designed to enable exploration and discovery. The lobby lounge is a launch pad providing guests with information about the most sought after food, nightlife and activities the destination has to offer. The bar and restaurant are local hot spots where great conversations, locally inspired food and signature cocktails can be enjoyed. Streamlined modern rooms focus on delivering everything guests want and nothing they don’t, including Beekind’s environmentally conscious bath products, Bluetooth-enabled electronics and salon-grade blowdryers. A team of colleagues is always available to recommend local hidden gems to launch guests’ discovery of the destination. For more information please visit hyattcentric.com. Follow @HyattCentric on Facebook and Instagram, and tag photos with #HyattCentricExplorer.

The Hodson Bay Group

The Athlone Based and Irish owned Hodson Bay Group currently own and operate The Hodson Bay Hotel in Athlone, The Galway Bay Hotel in Galway City and the Sheraton Athlone Hotel as has significant property development interests. In each of the locations where it operates, the Hodson Bay Group has a proven reputation for the provision of a high-quality product and has a track record in achieving both international and national recognition for its consistent delivery of high standards. It has consistently adopted a culture which embraces three core pillars of respect - respect for the local community, respect for its competitors and respect for its staff. The recognition the Group has achieved clearly positions the Hodson Bay Group as a leading organisation within the Irish Hospitality sector with the Group recently receiving the Deloitte Platinum Award for business excellence, the only Hotel Group in Ireland to receive this accolade for multiple properties at the same time. Its organisational success was also underpinned by achieving EFQM level 5 status. The EFQM Excellence Award is one of Europe’s most prestigious award for organisational excellence and is awarded only to organisations who can demonstrate the highest operational standards across all facets of its business.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 14 premier brands. As of March 31, 2018, the Company's portfolio included more than 700 properties in more than 50 countries across six continents. 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 attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, 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, Hyatt Residence Club® and exhale® brand names. 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. 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; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); 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.

Contacts

Hyatt – Europe, Africa and the Middle East
Simone Loretan
+41 44 279 1226
simone.loretan@hyatt.com
or
Hyatt
Gloria Kennett
312-780-5506
gloria.kennett@hyatt.com

Contacts

Hyatt – Europe, Africa and the Middle East
Simone Loretan
+41 44 279 1226
simone.loretan@hyatt.com
or
Hyatt
Gloria Kennett
312-780-5506
gloria.kennett@hyatt.com