Hyatt Announces Plans for Debut of Park Hyatt Brand in Mexico with Two World-Class Luxury Hotels

Park Hyatt Los Cabos and Park Hyatt Mexico City will mark the luxury
brand’s anticipated arrival in Mexico

CHICAGO–(BUSINESS WIRE)–Hyatt
Hotels Corporation
(NYSE: H) announced today two new luxury hotel
developments in Los Cabos and Mexico City, Mexico under the Park Hyatt
brand. These two high-end properties, designed to meet the needs of the
discerning global traveler, mark the anticipated debut of the Park Hyatt
brand in the country, and will join the brand’s global portfolio in
locations such as Bangkok, Paris, Tokyo, Vienna, Milan and Zurich, as
well as two sister hotels in Latin America: Palacio
Duhau-Park Hyatt Buenos Aires
, and Park
Hyatt Mendoza
.

“We are excited to announce the introduction of the Park Hyatt brand in
Mexico,” said Pat McCudden, senior vice president of capital strategy,
real estate and development for Hyatt. “Park Hyatt hotels and resorts
are masters of detail, and we expect Park Hyatt Los Cabos and Park Hyatt
Mexico City will deliver understated elegance and intuitive refinement
for guests with an appreciation for world-class architecture, design and
cuisine.”

The Park Hyatt brand promises to unfold a journey of rare and intimate
experiences for the discerning global traveler. At Park Hyatt hotels and
resorts, guests encounter peerless quality and exceptional tailored
service, grounded in mindfulness and presence in the moment. The brand
invites travelers to unlock unique and enriching moments as they find
themselves surrounded by contemporary luxury and artistry at its best –
from original art works to the finest in culinary expression.

Park Hyatt Los Cabos will be located in a 26-acre site within Cabo del
Sol, a master-planned golf resort community that stretches along two
miles of pristine beach in Los Cabos, Baja California Sur. Expected to
open in late 2020, the hotel will feature 162 guestrooms and 28 Park
Hyatt Residences that will serve guests with truly personalized service
and a profound reverence for luxury accommodations in a spectacular
setting.

Park Hyatt Mexico City will be developed through a joint venture
agreement with Grupo Sordo Madaleno, and will be part of a mixed use
development in the heart of the stylish Polanco neighborhood. Featuring
155 guestrooms and 23-unit Park Hyatt Residences, the hotel is expected
to open in early 2021 and will be located on the upscale Campos Eliseos
Street overlooking the iconic Chapultepec Park. Many of Mexico City’s
most important cultural and entertainment attractions will be within a
short distance from the hotel.

For more information on the Park Hyatt brand, please visit parkhyatt.com.

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

ABOUT PARK HYATT

Park Hyatt hotels provide discerning, affluent business and leisure
guests with elegant and luxurious accommodations. Guests of Park Hyatt
hotels receive highly attentive personal service in an intimate
environment. Located in several of the world’s premier destinations,
each Park Hyatt hotel is custom designed to combine sophistication with
a distinctive regional character. Park Hyatt hotels feature
well-appointed guestrooms, meeting and special event spaces for groups,
critically acclaimed art, food and beverage program, and signature
restaurants featuring award-winning chefs. There are currently 40 Park
Hyatt hotels in the following locations: Abu Dhabi, Bangkok, Beaver
Creek, Beijing, Buenos Aires, Busan, Canberra, Changbaishan, Carlsbad,
Chennai, Chicago, Dubai, Goa, Guangzhou, Hamburg, Hangzhou, Hyderabad,
Istanbul, Jeddah, Maldives, Mallorca, Melbourne, Mendoza, Milan, Moscow,
New York, Ningbo, Paris, Saigon, Sanya, Seoul, Shanghai, Siem Reap,
Sydney, Tokyo, Toronto, Vienna, Washington, D.C., Zanzibar, Zurich. For
more information, please visit parkhyatt.com. Follow
@ParkHyatt on Facebook,
Twitter
and Instagram,
and tag photos with #LuxuryIsPersonal.

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
June 30, 2017 the Company’s portfolio included 731 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.

Contacts

Glennie Janssen
Hyatt
+1 312-750-6120
glennie.janssen@hyatt.com
or
Carla
Santiago
Hyatt – Latin America & Caribbean
+1 305-779-2207
carla.santiago@hyatt.com