Hyatt Announces Plans for Park Hyatt Doha
181-Room Hotel Will Be 2nd Hyatt-Branded Property in Qatar and 4th Park Hyatt Hotel in the Middle East Region
CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate signed an agreement with Msheireb Hospitality, a subsidiary of Msheireb Properties, to manage Park Hyatt Doha, which is currently under construction and expected to open in mid-2016. One of 15 Park Hyatt hotels under development worldwide, Park Hyatt Doha will occupy a prime location within the heart of Doha's downtown business district.
"Park Hyatt Doha will further our efforts to achieve our vision of being the preferred brand for global travelers"
"Park Hyatt Doha will further our efforts to achieve our vision of being the preferred brand for global travelers," said Peter Norman, Senior Vice President - Acquisitions and Development for Hyatt International LLC – Europe, Africa, and Middle East, "and will enhance the presence of Hyatt-branded hotels in the Middle East."
Park Hyatt Doha will feature 181 distinctive guest rooms and suites, two restaurants, and a terrace lounge. In addition to more than 2,000 square meters of meeting and event space, the hotel will also include 1,750 square meters of recreation and leisure facilities, including a pool, spa, and fitness center.
″We have been actively increasing our full-service portfolio in the Middle East with the upcoming Park Hyatt Abu Dhabi Hotel and Villas and Hyatt Capital Gate Abu Dhabi. Park Hyatt Doha will further add to our luxury portfolio and offer the personalized luxury and discreet service that Park Hyatt hotels around the world are known for,″ said Peter Fulton, Managing Director, Hyatt International, South West Asia.
"We are delighted to work with Hyatt, one of the world's leading hotel brands," said Abdul Aziz Al Emadi, CEO of Msheireb Hospitality. "Hyatt shares our passion for creating a new hub in this part of the city, which integrates the best elements of Doha's historical heritage with innovative facilities."
In addition to Park Hyatt Doha, 14 other previously announced Park Hyatt hotels are under development in the following locations Abu Dhabi, United Arab Emirates; Além-Tejo, Portugal; St. Georges, Bermuda; Changbaishan, Guangzhou, Hangzhou, Ningbo, and Sanya Sunny Bay, China; Chennai, Hyderabad, and Mumbai, India; Marrakech, Morocco; New York City, United States; and Vienna, Austria.
About Park Hyatt
Park Hyatt provides discerning, affluent business and leisure guests with elegant and luxurious accommodations and highly attentive personal service in an intimate environment. Located in many of the world's premier destinations, each Park Hyatt hotel is custom designed to combine sophistication with distinctive regional character. Park Hyatt features well-appointed guestrooms, meeting and special event spaces for smaller groups, critically-acclaimed art and food and beverage programs, and signature restaurants featuring award-winning chefs. There are currently 26 Park Hyatt hotels in locations around the world, including: Baku, Beaver Creek, Beijing, Buenos Aires, Canberra, Chicago, Dubai, Goa, Hamburg, Istanbul, Jeddah, Maldives, Melbourne, Mendoza, Milan, Moscow, Paris, Saigon, San Diego, Seoul, Shanghai, Sydney, Tokyo, Toronto, Washington D.C., and Zurich.
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 Summerfield Suites® brand names and have locations on six continents. Hyatt Summerfield Suites is being rebranded as Hyatt HouseTM. Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt ResidencesTM and Hyatt Vacation Club®, which is changing its name to Hyatt Residence ClubTM. As of June 30, 2011, the Company's worldwide portfolio consisted of 456 properties in 44 countries. For more information, please visit www.hyatt.com.
About Msheireb Properties
Msheireb Properties is a real estate company and a subsidiary of Qatar Foundation. The company was established as a commercial venture to support the Foundation's aims, as well as the goals of Qatar's 2030 Vision.
Msheireb Properties' mission is to change the way people think about urban living and improve their overall quality of life, through innovations that encourage social interaction, respect for culture, and greater care for the environment.
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, 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, the rate and pace of economic recovery following the recent economic downturn; levels of spending in business and leisure segments as well as consumer confidence; declines in occupancy and average daily rate; 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; 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; fluctuations in currency exchange rates; general volatility of the capital markets and our ability to access the capital markets. A more complete description of these risks and uncertainties can be found in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K. 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.
Hyatt Hotels Corporation
Laurie Cole, (312) 780-5935
Hyatt Hotels & Resorts
Yasmin Poonegar, +971 50 1891 262