More than 20 new Hyatt hotels to open in Canada

CHICAGO–(BUSINESS WIRE)–Headline of release issued May 14, 2019, should read: Hyatt Expected to
Triple Canada Brand Presence by 2022 (instead of Hyatt Expected to
Double Canada Brand Presence by 2022). A similar change was made to the
first sentence of the release.

The corrected release reads:

HYATT EXPECTED TO TRIPLE CANADA BRAND PRESENCE BY 2022

More than 20 new Hyatt hotels to open in Canada

Hyatt
Hotels Corporation (NYSE: H) today announced that more than 20 new
hotels are expected to open in Canada by the end of 2022, tripling the
global hospitality brand’s presence in the country. The newly announced
properties include three hotels in the heart of downtown Niagara Falls,
Ontario, expected to open in 2022: a dual-branded Hyatt Centric
Niagara Falls and Hyatt Regency Niagara Falls project, with
150 guestrooms and 350 guestrooms, respectively, and the 200-room Hyatt
Place Niagara Falls.

This announcement includes properties that will mark the first Hyatt
House and Hyatt Centric hotels in Canada and the first Hyatt hotels in
the Niagara Falls market, as well as hotels across its other full
service and select service brands including Hyatt Regency, Park Hyatt,
Andaz and Hyatt Place.

“Hyatt’s brand presence in Canada continues to steadily increase, as we
successfully implement our strategy of growing with intent,” said Scott
Richer, Hyatt’s regional vice president of development for Canada. “We
continue to see growth opportunities in the region and are confident in
the direction and future of Hyatt – across all brands.”

With nearly 15 million visitors per year, Niagara Falls, Ontario is
considered one of the busiest tourist destinations in the world. Located
at the main intersection of Fallsview Avenue and Murray Street in the
heart of downtown Niagara Falls, the dual-branded new-build Hyatt
Centric and Hyatt Regency project in Niagara Falls will be situated
immediately opposite the Fallsview Casino, The Skylon Tower and the
5,000-seat performing arts center that is currently under construction.
The properties are owned and will be operated by Fallsview Group, and
are slated to open in 2022.

Hyatt Place Niagara Falls will be connected to the Scotiabank Convention
Center off Stanley Avenue and proximate to the tourist district of
Clifton Hill and numerous family-friendly attractions and entertainment
facilities such as the IMAX cinema, the Niagara Wheel and the Fun Zone.
Slated to open in 2022, the property is owned and will be operated by
Fallsview Group, founded by the Menechella family more than 40 years ago
in Niagara Falls.

Complete list of new Canada properties with expected opening years:

2019

• Hyatt Place Mississauga Centre in Mississauga, Ontario
• Hyatt House Winnipeg South West in Winnipeg Manitoba

2020

• Park Hyatt Toronto (reopening after renovation) in Toronto, Ontario
• Hyatt Place Kelowna in Kelowna, British Columbia
• Hyatt Place Winnipeg Downtown in Winnipeg, Manitoba
• Hyatt Place Moncton in Moncton, New Brunswick
• Hyatt Place Brampton in Brampton, Ontario
• Hyatt Place / Hyatt House Edmonton Downtown in Edmonton, Alberta
• Hyatt Place Ottawa – Bells Corners in Ottawa, Ontario

2021

• Hyatt Place / Hyatt House Mississauga – Airport Corporate Center in
  Toronto, Ontario
• Hyatt Place Toronto – Oakville East in Toronto, Ontario
• Hyatt House Hamilton/McMaster University in Hamilton, Ontario
• Hyatt House Toronto – Mississauga Center in Toronto, Ontario
• Hyatt Place Vancouver Airport in Vancouver, British Columbia
• Hyatt Place Toronto International Airport in Toronto, Ontario
• Hyatt Place / Hyatt House at Canada’s Wonderland in Vaughan, Ontario
• Hyatt Place Toronto – Downtown/Jarvis Street in Toronto, Ontario

2022

• Hyatt Centric / Hyatt Regency Niagara Falls in Ontario
• Hyatt Place Niagara Falls in Niagara, Ontario
• Hyatt Place / Hyatt House Ottawa Byward Market in Ottawa, Ontario
• Andaz Toronto – Yorkville in Toronto, Ontario

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 Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a portfolio of 19 premier brands. As of March
31, 2019, the Company’s portfolio included more than 850 properties in
over 60 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 colleagues,
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, vacation
ownership properties, and fitness and spa locations, 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®, Hyatt House®, Hyatt Place®, Joie
de Vivre®, tommie, Hyatt
Residence Club® and Exhale® 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.

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 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; 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; 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; 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; 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; 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

MEDIA CONTACTS:
Jorian Weiner
Hyatt
+1 312 780 3004
[email protected]

Siân Rylander
Hyatt
+1 312 780 5797
[email protected]