GRAND HYATT AL KHOBAR HOTEL AND RESIDENCES OPENS, BRINGING LUXURY EXPERIENCES TO THE MIDDLE EAST

The opening marks the first Grand Hyatt branded hotel in the Kingdom of Saudi Arabia

Hyatt Hotels Corporation (NYSE: H) announced today the opening of Grand Hyatt Al Khobar Hotel and Residences in the Kingdom of Saudi Arabia—the first Grand Hyatt hotel in the Kingdom. The 368-room luxury hotel including 54 residential units is situated in the commercial and retail heart of Al Khobar with a connecting bridge to Al Rashid Mall. Grand Hyatt Al Khobar Hotel and Residences is the sixth Hyatt-branded hotel in Saudi Arabia, and the fifth hotel under the Grand Hyatt brand in the Middle East, making it an important milestone in Hyatt’s growth strategy in the region. Reflecting a bold and vibrant design, the hotel offers an ideal destination for both business and leisure guests to celebrate moments that matter, both big and small.

As the Kingdom of Saudi Arabia is one of the fastest-growing tourism destinations in the world, Grand Hyatt Al Khobar Hotel and Residences realizes the government’s Vision 2030, which strives to attract international travelers into the region. Located in the city’s business and leisure, the property brings grand gestures and elevated, luxury accommodations.

“We are thrilled to open the first Grand Hyatt hotel in Saudi Arabia and we look forward to welcoming guests seeking magnificent moments from this iconic destination,” said Nizar Weshah, general manager at Grand Hyatt Al Khobar Hotel and Residences. “Grand Hyatt Al Khobar Hotel and Residences celebrates these moments and exceeds guest expectations by delivering iconic cuisine, breathtaking design and unparalleled service.”

The hotel will open in phases, beginning today with 120 guestrooms and 20 residences. Highlights of this first phase include the opening of the all-day dining facilities, the lobby lounge, banquet halls, fitness center and Spa. The remaining guestrooms as well as the restaurants Rosalie and Sakana House are expected to open in a second phase in February 2021. The third and final phase will see the opening of the remaining residences, slated for March 2021.

Guestrooms

Grand Hyatt Al Khobar Hotel and Residences features 368 contemporary guest rooms, including 45 spacious suites and 54 residences, with ample daylight, bespoke premier interiors and mesmerizing views across the city. Guests can enjoy the comforts of home, including a flat-screen TV, complimentary high-speed internet access, a work desk, a Hyatt Grand Bed and elegant bathrooms. All suites include exclusive access to the Grand Club Lounge, which provides a refined and relaxing ambiance with personal services and culinary highlights throughout the day. Further, guests looking for more space are invited to do so in the 1,485 square feet (138 square meter) Diplomat Suite, featuring a separate living room, dining area and kitchenette. 

Dining

Grand Hyatt Al Khobar Hotel and Residences invites guests to discover impressive restaurants featuring a choice of captivating Arabian, European and Asian infused dining concepts. From authentically depicted settings, striking decor with eye-catching art pieces, to theatrical experiences delivered through open kitchen displays, Grand Hyatt Al Khobar Hotel and Residences boasts a variety of different dining outlets.

• Asmahan, the hotel’s signature restaurant offering traditional Levantine cuisine with added flair and locally sourced ingredients, showcases the best regional flavors and is open daily for breakfast, lunch and dinner.
• Rosalie, a luxuriously stylish French patisserie delighting diners with intricate selections of freshly baked bread, croissants and cakes, along with a glorious choice of sandwiches, coffees and teas, is available for dine-in and takeaway. Located next to the mall entrance, the venue is the perfect post-shopping-spree destination.
• Sakana House, an artisanal steak and seafood restaurant influenced by Pan Asian culinary tradition, features tantalizing flavors from across the region.
• Grandeur, surrounded by stately architecture and art pieces, is the lobby lounge and serves as a 24-hour hub for movers and shakers to enjoy a business meeting or casual gathering, offering a selection of light meals and beverages including freshly brewed rich Arabic coffee, teas and the taste of local dates. 

Meetings 

The striking architecture and design of Grand Hyatt Al Khobar Hotel and Residences sets the perfect scene for extraordinary meetings, events, conferences and weddings illuminated by natural daylight on 25,000 square feet (2,300 square meter) of event space. The Grand Ballroom, with more than 11,000 square feet (1,050 square meter) of space, is one of the largest and most remarkable in the city with a capacity for up to 1,400 guests. A team of talented event planners and catering services are available to assist with every bespoke occasion.

Wellbeing

Grand Hyatt Al Khobar Hotel and Residences features Nirvana Spa, a premier fitness and wellness destination for personalized facials, massage and body treatments, offering a luxurious and relaxed setting with six treatment rooms for women and four for men. Nirvana Spa is also a fully equipped fitness center complete with the latest weights and cardio equipment, as well as complimentary infused water, fruits and cold towels. The space offers an exhilarating dip in two separate lap pools featuring mood lights, relaxation beds and a snack bar. Additionally, guests can unwind in the whirlpool bath, sauna, steam room and Moroccan bath. A squash court is also available. 

Grand Hyatt Al Khobar Hotel and Residences will join an existing portfolio of five hotels in Saudi Arabia including Park Hyatt Jeddah – Marina, Club and Spa, Jabal Omar Hyatt Regency Makkah, Hyatt Regency Riyadh Olaya, Hyatt Place Riyadh Al Sulaimania, and Hyatt House Jeddah Sari Street.

Guided by its purpose of care, Hyatt’s multi-layered Global Care & Cleanliness Commitment further enhances its operational guidance and resources around colleague and guest safety and peace of mind. More information on Hyatt’s commitment can be found here: hyatt.com/care-and-cleanliness.

For more information about the property, please visit www.grandhyattalkhobar.com

World of Hyatt Gives Members 500 Reasons to Stay Somewhere New

To provide World of Hyatt members even more ways to be rewarded, World of Hyatt is offering members the opportunity to earn 500 Bonus Points for qualifying nights at Grand Hyatt Al Khobar Hotel and Residences through April 30, 2021, as part of World of Hyatt’s new hotel member offer. 

Additional participating hotels and their offer stay periods can be found at worldofhyatt.com/newhotelbonus. No registration is required and members can earn on top of other offers.

Terms & Conditions

Offer valid for 500 Bonus Points for each qualifying night stayed by World of Hyatt members in good standing during a hotel’s offer period at participating hotels and resorts.  Offer valid at participating hotels and resorts for stays with a checkout date during each hotel’s offer period.  For each hotel’s offer period, visit worldofhyatt.com/newhotelbonus. To be eligible for this offer you must be a World of Hyatt member in good standing at time of reservation and stay, stay at a participating hotel with a checkout date during that hotel’s offer period, provide your World of Hyatt membership number at time of check-in, and either pay an Eligible Rate or redeem a free night award.  An “Eligible Rate” and “Ineligible Rate” are defined in the World of Hyatt Terms and Conditions (located at worldofhyatt.com/terms).  Only one point bonus may be earned per member, per stay, regardless of the number of rooms booked.  Only the room occupied by the member will count toward this offer.  Two or more consecutive nights at the same hotel will be deemed one stay.  All points awarded under this offer are Bonus Points.  This offer is subject to the complete terms and conditions of the World of Hyatt program.  Please allow 3-4 weeks after travel is completed for World of Hyatt Bonus Points to be credited to your Account.  To join World of Hyatt, visit worldofhyatt.com.  Qualifying nights will automatically be tracked when you provide your World of Hyatt membership number at check-in.  A limited number of rooms are allocated to this offer; reservations subject to availability. Offer not valid with groups, conventions, other promotional offers, tour packages or special rate programs. Promotional blackout periods may apply due to seasonal periods or special events, and normal arrival/departure restrictions apply. Hyatt reserves the right to alter or withdraw this offer at any time without notice.  The trademarks Hyatt®, World of Hyatt® and related marks are trademarks of Hyatt Corporation or its affiliates. © 2020 Hyatt Corporation. All rights reserved.

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 Grand Hyatt 

Around the world, Grand Hyatt hotels bring travel dreams to life by celebrating the iconic in small details and magnificent moments. Located at the crossroads of local culture and global business within major gateway cities and resort destinations, each Grand Hyatt hotel is uniquely designed to be a captivating destination within a destination. Grand Hyatt hotels deliver welcoming and elevated service, first-class accommodations and an abundance of options within a multicultural backdrop of dramatic architecture and bold and vibrant design. Grand Hyatt properties boast inventive restaurants, luxury spas, fitness centers, and business and meeting facilities. For additional information or to make a reservation, please visit grandhyatt.com. Follow @GrandHyatt on Facebook and Instagram, and tag photos with #GrandHyatt.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company offering 20 premier brands. As of September 30, 2020, the Company's portfolio included more than 950 hotel, all-inclusive, and wellness resort properties in 67 countries across six continents. 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 attract and retain top employees, build relationships with guests and create value for shareholders. 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®, Alila®,Andaz®, The Unbound Collection by Hyatt®, Destination®, Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt Zilara™, Thompson Hotels®, Hyatt Centric®, Caption by Hyatt, Joie de Vivre®, Hyatt House®, Hyatt Place®, tommie™, UrCove, and Hyatt Residence Club® brand names, and operates the World of Hyatt® loyalty program that provides distinct benefits and exclusive experiences to its valued members. For more information, please visit www.hyatt.com.

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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, but are not limited to, the short- and longer-term effects of the COVID-19 pandemic, including on the demand for travel, transient and group business, and levels of consumer confidence; actions that governments, businesses, and individuals take in response to the COVID-19 pandemic or any resurgence, including limiting or banning travel; the impact of the COVID-19 pandemic, and actions taken in response to the COVID-19 pandemic or any resurgence, on global and regional economies, travel, and economic activity, including the duration and magnitude of its impact on unemployment rates and consumer discretionary spending; the ability of third-party owners, franchisees or hospitality venture partners to successfully navigate the impacts of the COVID-19 pandemic; the duration of the COVID-19 pandemic and the pace of recovery following the pandemic or any resurgence; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and the 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; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geo-political conditions, including political or civil unrest or changes in trade policy; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters such as earthquakes, tsunamis, tornadoes, hurricanes, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases or fear of such outbreaks, such as the COVID-19 pandemic; our ability to successfully achieve certain levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans and common stock repurchase program and quarterly dividend, including a reduction in or elimination of repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; 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 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; the timing of acquisitions and dispositions, and our ability to successfully integrate completed acquisitions with existing operations; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to successfully execute on our strategy to expand our management and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; declines in the value of our real estate assets; unforeseen terminations of our management or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates and operating costs; foreign exchange rate fluctuations or currency restructurings; lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, including as a result of industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; violations of regulations or laws related to our franchising business; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K and our Quarterly Report on Form 10-Q filed on May 7, 2020, which filings are available from the SEC. 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. 

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