Two Iconic Hyatt Properties to Open in UAE Capital within 12 Months
Abu Dhabi, United Arab Emirates: Two Hyatt-branded luxury properties, Hyatt at Capital Centre and Park Hyatt Abu Dhabi, will open in Abu Dhabi within the next 12 months as part of Hyatt Hotels & Resorts' commitment to provide guests with distinctive accommodation in key destinations.
Speaking in advance of the Arabian Travel Market 2010 event. Peter Fulton, managing director for Hyatt Hotels & Resorts in South West Asia, said, "As a leader in authentic hospitality, Hyatt eagerly looks forward to the opening of these two luxury properties in Abu Dhabi, a culturally-rich destination with a global vision."
Render Capital Centre Fully Completed.
Park Hyatt Abu Dhabi.
This year, the first Hyatt property in the UAE capital, Hyatt at Capital Centre, will open followed by Park Hyatt Abu Dhabi in early 2011.
Conveniently linked to the Abu Dhabi National Exhibition Centre, the 189-room Hyatt at Capital Centre, occupying levels 18 to 32 of the 525-foot Capital Gate building, will have a sleek contemporary design and offer guests a refined experience. Due to the unique contour of the tower, each room in the hotel will have a different shape and orientation and the hotel's 'sky lobby' will be suspended 80 metres above the ground on the 18th floor, offering panoramic views of the city.
Capital Gate forms a major part of the Capital Centre development, the AED $8 billion business and residential micro city being constructed around the newly opened Abu Dhabi National Exhibition Centre.
Located on the northern part of Saadiyat Island, surrounded by the 18-hole championship Saadiyat Beach golf course, and boasting a 5.5-mile (9 kilometer) stretch of pristine natural beach, Park Hyatt Abu Dhabi will be the first resort hotel in the Park Hyatt brand in the Middle East. It will be the third Park Hyatt property in the Middle East and the fourth Hyatt property in the UAE.
Park Hyatt Abu Dhabi will be located within Saadiyat Beach District, which is in close proximity to Saadiyat Cultural District, which will be home to Zayed National Museum, Louvre Abu Dhabi and Guggenheim Abu Dhabi museums. Occupying 18.5 acres (75,000 square meters), Park Hyatt Abu Dhabi will feature 270 spacious guest rooms with a minimum of 592 square feet (55sqm) of space, 44 villas, a selection of world class restaurants, as well as exclusive facilities dedicated to conferences, events and recreation.
Saadiyat Island is made up of seven districts: Saadiyat Cultural District, Saadiyat Marina, Saadiyat Beach, Saadiyat Promenade, Saadiyat Lagoons, Saadiyat Reserve and Saadiyat Retreat.
Hyatt will be taking part at the Arabian Travel Market in Dubai from 4-7 May 2010, located in HC 1600.
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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 in 45 countries 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 under development on five continents. Hyatt Vacation Ownership, Inc., a Hyatt Hotels Corporation subsidiary, develops and operates vacation ownership properties under the Hyatt Vacation Club® brand. As of December 31, 2009, the company's worldwide portfolio consisted of 424 properties. For more information, please visit www.hyatt.com.
Forward-Looking Statements
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 depth and duration of the current economic downturn; levels of spending in the business, travel and leisure industries 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.
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© Press Release 2010
