Hyatt Hotels & Resorts to Open Hyatt Regency Chongqing in 2012

CHICAGO--(BUSINESS WIRE)--Hyatt Hotels & Resorts and R&F Properties Co., Ltd. have announced the signing of an agreement for Hyatt to manage a luxurious new 354-room hotel in Chongqing, the most populous city in China.

The site of the 27-story Hyatt Regency Chongqing is in the Jingbei District, the city's new Central Business District. The hotel is part of the prestigious Ocean Plaza, a multi-complex development that combines shopping, offices, and various dining and entertainment experiences.

Designed by Chicago-based Goettsch Partners, the architects of Grand Hyatt Mumbai and the newly opened Grand Hyatt Guangzhou, Hyatt Regency Chongqing will offer 354- guestrooms that blend contemporary design with elegant details. Features of the hotel will include a luxurious spa as well as extensive meeting and banquet space. Five fine dining and entertainment outlets will also be offered along with a comprehensive shopping arcade featuring the latest brand name retailers.

Hyatt Regency Chongqing will be the third R&F Properties-owned hotel in China bearing the Hyatt name. Hyatt manages Grand Hyatt Guangzhou, which opened in April 2008, and will manage Park Hyatt Guangzhou, slated to open in 2011.

Larry Tchou, Managing Director, Hyatt International Asia Pacific, said, "We are delighted to again be partnering with R&F Properties Co., Ltd. Hyatt Regency Chongqing provides us with an excellent opportunity to strengthen the Hyatt brands in Southwest China."

Currently, Hyatt operates 11 hotels in Greater China, including Grand Hyatt Beijing, Grand Hyatt Guangzhou, Grand Hyatt Hong Kong, Grand Hyatt Shanghai, Hyatt on the Bund; Grand Hyatt Taipei, Hyatt Regency Dongguan, Hyatt Regency Hangzhou, Hyatt Regency JingJin City, Hyatt Regency Tianjin and Hyatt Regency Xian, with an additional 15 hotels under development.

About Global Hyatt Corporation

Global Hyatt Corporation, one of the world's premier hotel companies with properties in 45 countries, provides authentic hospitality to guests through a passionate commitment to personalized service, cultural relevance, and genuine stewardship of the environment. Headquartered in Chicago, the company's affiliates own, operate, manage and franchise Hyatt-branded hotels and resorts under Park Hyatt®, Andaz™, Grand Hyatt®, Hyatt Regency®, Hyatt Resorts™, Hyatt®, Hyatt Place® and Hyatt Summerfield Suites® brands. Hyatt operates 368 hotels worldwide and currently has properties under development on five continents. Global Hyatt Corporation is also the owner of Hyatt Vacation Ownership, Inc.,and operator of Hyatt Vacation Club®. From the U.S. and Canada, reservations for any Hyatt hotel worldwide may be obtained by calling 1-800-233-1234 or visiting www.hyatt.com.

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