Hyatt Announces Plans for Hyatt Regency Sentul City
Sixth Hyatt-Branded Hotel in Indonesia Expected to Debut in 2017
CHICAGO - December 16, 2013 - (BUSINESS WIRE) - Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with PT Eka Ilalang Suryadinamika for a Hyatt Regency hotel in Sentul City, Indonesia. Hyatt Regency Sentul City will be the sixth Hyatt-branded hotel in Indonesia.
"We are delighted to enhance our brand presence in Indonesia, and Sentul City’s growth over the past few years has been impressive," said Ratnesh Verma, senior vice president, real estate and development, Asia Pacific for Hyatt Hotels & Resorts. "The first Hyatt hotel opened in the Indonesian market more than 30 years ago, and we are very excited to further build on Hyatt’s strong brand equity and excellent portfolio of hotels in the country."
Hyatt Regency Sentul City will be located less than 25 miles south of Jakarta on the outskirts of the satellite city of Bogor and will feature an outdoor pool, a spa and a host of meeting space. The 225-room hotel will be part of a mixed-use complex, which will be comprised of a 240,000 square foot (22,400 square meter) retail mall and 212,000 square feet (19,700 square meters) of office space.
"Given the strong Hyatt brand name and the hotel’s ideal location, we believe that the new Hyatt Regency Sentul City will attract business and leisure travelers from across the region. We are thrilled to broaden our relationship with Hyatt, and feel confident that the new project will create mutually beneficial results," said Reina Kumala Kwee, President Director of PT Eka Ilalang Suryadinamika.
Expected to open in 2017, Hyatt Regency Sentul City will join five existing Hyatt-branded hotels in Indonesia, including Grand Hyatt Bali, Grand Hyatt Jakarta, Hyatt Regency Bandung, Hyatt Regency Yogyakarta, and Hyatt Regency Bali, which is currently under renovation and will be rebranded from Bali Hyatt.
About Hyatt Regency
Hyatt Regency offers a full range of services and facilities tailored to serve the needs of meeting planners, business travelers and leisure guests. Properties range in size from 180 to over 2,000 rooms and are conveniently located in urban, suburban, airport, convention and resort destinations around the world. Hyatt Regency convention hotels feature spacious meeting and conference facilities designed to provide a productive environment allowing guests to convene and connect. Hyatt Regency hotels in resort locations cater to couples seeking a getaway, families enjoying a vacation together and corporate groups seeking a functional and relaxed atmosphere in which to conduct business and meetings.
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®, Hyatt House®, Hyatt ZilaraTM, and Hyatt ZivaTM 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, 2013, the Company's worldwide portfolio consisted of 535 properties in 47 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. 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 economic downturns; levels of spending in business and leisure segments as well as consumer confidence; declines in occupancy and average daily rate; 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; changes in the competitive environment in our industry and the markets where we operate; 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.
Hyatt Hotels & Resorts
+1 312 780 5797
Hyatt Hotels & Resorts – Asia Pacific
+852 2768 1271
Comments:comments powered by Disqus
- Expansions & Growth
- Financial & Earnings Claims
- Mergers & Acquisitions
- Personnel Changes
- General Announcements
- Conferences & Events
- Product Announcements
- Media Coverage
- Strategic Alliances