June 13, 2018 // Franchising.com // CHICAGO - Hyatt Hotels Corporation (NYSE: H) today announced further global growth of the Hyatt Centric brand with new hotels announced for Los Angeles, Philadelphia, and Portland, Ore. These hotels are in addition to previously announced plans for Hyatt Centric hotels in Dakar, Senegal, San Salvador, El Salvador and Melbourne, Australia. These hotels will expand the Hyatt Centric brand’s global footprint, joining the brand’s newly open hotels in Miami, Lima, Peru and Santiago, Chile. Designed for a growing segment of savvy explorers seeking curated, yet authentically local experiences, the Hyatt Centric brand currently has 22 properties across seven countries, including the U.S., Japan, Spain, France and more.
Recent development deals include plans for Hyatt Centric Portland, a hotel to be built by a joint venture between affiliates of Hyatt and Liberty Hotel Investments. The 220-room hotel will be developed within the urban core of downtown Portland, Ore. at the intersection of SW 11th and SW Alder streets. Expected to open in early 2020, the new hotel will be within walking distance to various high-quality food and beverage experiences and unique neighborhoods that reflect Portland’s diverse and eclectic culture. Hyatt will manage the hotel under a long-term management agreement.
The 332-room Hyatt Centric Philadelphia will be wholly owned by an affiliate of Hyatt and will be developed in the exclusive Rittenhouse Square neighborhood of Philadelphia’s City Center District. The hotel will be located just one block east of Rittenhouse Square and half a block south of the many high-end retail and restaurants on Walnut Street, and proximate to the city’s commercial office core. Hyatt Centric Philadelphia will be managed by Hyatt and is expected to open in mid-2020.
Hyatt also announced a franchise agreement with 3800 W Sixth Street, LLC for a 190-room Hyatt Centric hotel with additional Hyatt Centric branded residences to be located in the Koreatown neighborhood of Los Angeles, with a slated opening in 2020.
“The Hyatt Centric brand continues to grow with intent in new markets domestically and abroad. Hyatt Centric hotels put guests in the center of the action, enabling easy exploration of these cities’ hidden gems and hot spots,” said Vice President, Global Brands, Heather Geisler. “The adventures Hyatt Centric guests will experience across these new destinations will be built on the same contemporary standards guests have come to expect from the Hyatt Centric brand.”
From culinary and culture meccas to history-laden capitals, each new Hyatt Centric property will be part of the World of Hyatt loyalty program, including these newly opened and soon-to-open hotels:
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.
For more information on World of Hyatt, please visit http://worldofhyatt.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.
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.
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.
Gloria Kennett
Hyatt
312-780-5506
gloria.kennett@hyatt.com
SOURCE Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a hospitality company.