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Hyatt Announces Leadership Transition Following Successful Integration Of Miraval Group

By: Hyatt Hotels Corporation |  1,016 Shares     98 Reads

July 03, 2017 // Franchising.com // CHICAGO - Hyatt Hotels Corporation (NYSE: H) today introduced a new leadership structure for Miraval, the renowned provider of wellness and mindfulness experiences, which Hyatt acquired earlier this year.

Marc Ellin, Hyatt senior vice president, operations, Americas, will assume increasing responsibilities for Miraval Group, including oversight of operations, sales and marketing. He will report to Steven Rudnitsky, Miraval Group president and chief executive officer. Rudnitsky will continue to lead Miraval through September 30, 2017, at which point he will step down.

"Steve has led a seamless integration and built a strong foundation for the brand’s growth," said Mark Hoplamazian, president and chief executive officer, Hyatt Hotels Corporation. "Steve will continue to lead us through the transition, then step down at the end of September after accomplishing his goal of further setting the table for Miraval’s continuing development. We are happy that Marc will work with Steve for three months before moving into this new role – Marc lives Miraval’s core principles and is the right person to maintain Miraval’s growth and unique spirit."
Three other Miraval Group executives -- Tom Botts, chief marketing officer; Paul McCormick, senior vice president for Miraval operations; and Meredith Nicklas, corporate director of finance -- will also depart upon completion of their integration and transition roles.

"These leadership changes are natural, evolutionary and appropriate at this time, both for Miraval and the greater Hyatt organization. Our intention is to build upon the outstanding contributions made by Steve and his team," said Hoplamazian. "We are deeply appreciative of Tom, Paul and Meredith for their outstanding contributions in positioning Miraval for much continued success."

Ellin, a nearly 30-year member of the Hyatt family, began his Hyatt career at Hyatt Regency O’Hare in 1988. He then served as general manager at Park Hyatt Chicago, Grand Hyatt San Francisco and Hyatt Regency Maui. Ellin also held the positions of vice president and managing director of Grand Hyatt Washington and Hyatt Regency Scottsdale Resort and Spa at Gainey Ranch.

Hyatt acquired Miraval in January 2017 as part of Hyatt’s acceleration of its growth strategy by expanding beyond traditional hotel stays. Hyatt is committed to operating Miraval as an independent brand that leverages Hyatt’s resources and customer base, and is moving ahead with its strategy to develop Miraval destination wellness resorts in targeted markets, while building a greater depth of expertise in wellness and mindfulness.

The addition and proposed expansion of Miraval reflects Hyatt’s commitment to super serving the high-end traveler and finding new ways to understand and care for them. Recently, Miraval was formally added to the World of Hyatt loyalty program, allowing members to earn and redeem points at Miraval Arizona.

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation (NYSE: H) and/or one or more of its affiliates.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 13 premier brands. As of March 31, 2017 the Company's portfolio included 708 properties in 56 countries. 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 create value for shareholders, build relationships with guests and attract the best colleagues in the industry. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences and vacation ownership properties, 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™ and Hyatt Residence Club® brand names and have locations on six continents. 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; 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.

Contact:

Russin Royal
Hyatt
+1 312 780 2918
Russin.Royal@hyatt.com

SOURCE Hyatt Hotels Corporation

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