Press release from Business Wire India
Source: Hyatt Hotels Corporation
Monday, December 17, 2012 12:50 PM IST (07:20 AM GMT)
Editors: General: Consumer interest, Entertainment, Lifestyle, People, Travel & tourism; Business: Advertising, PR & marketing, Business services, Hospitality, Media & entertainment, Travel & tourism
First Hyatt Place Hotel in India Celebrates Opening
Hyatt Place Hampi Continues Hyatt’s Growth Strategy in the Country
Mumbai, Maharashtra, India, Monday, December 17, 2012 — (Business Wire India) — Hyatt Hotels Corporation (NYSE: H) and Chartered Hampi Hotels Private Limited today announced the opening of Hyatt Place Hampi in Karnataka, India. The hotel introduces the Hyatt Place brand to India and follows Hyatt Place San Jose/Pinares in Costa Rica as the second Hyatt Place hotel to open outside the United States. More than 20 additional Hyatt Place hotels have been previously announced throughout the country, including Hyatt Place hotels in Nagpur and Pune.
India is a key area of growth for Hyatt. Hyatt Place Hampi joins 10 hotels currently open under various Hyatt brands in the country, including Park Hyatt Hyderabad and Park Hyatt Chennai, which both opened earlier this year. Momentum will continue with more than 50 previously announced hotels under development in India across various Hyatt brands, including Hyatt Regency Gurgaon, Hyatt Regency Ludhiana, Hyatt Raipur, Andaz Gurgaon and Grand Hyatt Kochi. Additionally, Hyatt announced a multi-property deal in October to rebrand five Ista hotels in the country as Hyatt Bangalore, Hyatt Pune, Hyatt Hyderabad, Hyatt Ahmedabad and Hyatt Amritsar by March 2013.
“We are excited to bring the Hyatt Place brand to India, and we believe this continued global expansion will complement the nearly 170 Hyatt Place hotels in the United States,” said Peter Fulton, Executive Vice President, Group President – EAME/Southwest Asia, Hyatt Hotels Corporation. “As we continue to grow our brands strategically in emerging markets, we look forward to having our entire portfolio of brands represented in places where our guests are traveling.”
About Hyatt Place Hampi
Hyatt Place Hampi is an upscale, select-service hotel designed for multi-tasking travelers. The hotel is conveniently located within one kilometer of JSW Steel Limited and is in close proximity to the business centers of Bellary and Hospet. It is an ideal place for leisure travelers with the world’s largest open-air museum and UNESCO world heritage site at Hampi, just 27 kilometers away. Guests may also enjoy a visit to Kaladham, an interactive, 3D Museum providing a virtual trip to Hampi, located adjacent to the hotel.
“Hyatt Place Hampi is located in an unexplored destination that has a lot to offer both domestic and foreign travelers. The hotel offers an open, intuitive design, a warm and casual atmosphere and practical amenities, such as complimentary Wi-Fi throughout the hotel and 24-hour food and beverage availability,” said Sumit Kumar, General Manager of Hyatt Place Hampi.
Hyatt Place Hampi offers:
— 115 spacious guestrooms, including seven rooms with private plunge pools and three suites
— All rooms feature a 40-inch TV, the plush Hyatt Grand Bed, a three-seat sectional sofa or a Cozy Corner (sofa pull out bed) and Hyatt Plug Panel media center for connecting a laptop or media device to the TV
— Complimentary Wi-Fi access throughout the hotel
— Complimentary hot buffet breakfast
— More than 3,500 square feet of flexible, hi-tech meeting and function space
— 24/7 Market offering freshly prepared salads, sandwiches and a variety of bottled beverages
— Bar serving premium beer and wines
— 24/7 “Gallery,” an all-day-dining restaurant serving Indian and Western cuisine
“Hampi is one of the most splendid historical sites in the country. Hyatt Place Hampi’s location not only offers guests the chance to explore Hampi but also other historical sites in North Karnataka such as Badami, Aihole and Pattadakal,” said Varun Saraf, Director, Chartered Hampi Hotels Pvt. Ltd.. “As our company continues to grow and thrive economically, we are excited to be involved with the upcoming development of other Hyatt hotels in various urban centers.”
HYATT PLACE HAMPI LEADERSHIP
Hyatt Place Hampi is under the leadership of General Manager Sumit Kumar and Director of Sales Rohith K. In his role, Kumar is directly responsible for managing the day-to-day operations of the hotel, including overseeing the hotel’s 82 associates and ensuring guests encounter the purposeful service for which Hyatt Place is known. Rohith K is responsible for providing sales service and support to travelers and meeting planners frequenting JSW Limited or theBellary/Hampi/Hospet area.
For Hyatt Place Hampi information or to make a reservation, visit hampi.place.hyatt.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. Spacious guestrooms feature multiple areas to work and relax, and include the Cozy Corner, an eight-foot sectional sofa sleeper; plush Hyatt Grand Bed; and ergonomic work center. For more information, please visit www.hyattplace.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® and Hyatt HouseTM 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, 2012, the Company’s worldwide portfolio consisted of 496 properties in 45 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. These statements include statements about our plans, strategies, occupancy and ADR trends, market share, the number of properties we expect to open in the future, our expected adjusted SG&A expense, capital expenditures, depreciation and amortization expense and interest expense estimates, financial performance, prospects or future events and involve known and unknown risks that are difficult to predict. As a result, 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, general economic uncertainty in key global markets, 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; limited visibility with respect to short and medium-term group bookings; the impact of hotel renovations; our ability to successfully execute and implement our organizational realignment and the costs associated with such organizational realignment; our ability to successfully execute and implement our common stock repurchase program; loss of key personnel, including as a result of our organizational realignment; hostilities, including future terrorist attacks, or fear of hostilities that affect travel; travel-related accidents; changes in the tastes and preferences of our customers; relationships with associates and labor unions and changes in labor law; the financial condition of, and our relationships with, third-party property owners, franchisees and hospitality venture partners; 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; risk associated with potential acquisitions and dispositions and the introduction of new brand concepts; changes in the competitive environment in our industry and the markets where we operate; outcomes of legal proceedings; changes in federal, state, local or foreign tax law; foreign exchange rate fluctuations or currency restructurings; general volatility of the capital markets; 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.
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