The hotel will mark continued growth for the Hyatt Regency brand in
Southern Europe
CHICAGO–(BUSINESS WIRE)–Hyatt
Hotels Corporation (NYSE:H) announced today that a Hyatt affiliate
has entered into a franchise and related agreements with Realtejo –
Hotelaria e Turismo, S.A., owned subsidiary of United Investments
Portugal and Fibeira, to develop the first Hyatt branded hotel in
Portugal: Hyatt Regency Lisbon. Expected to open in late 2020, the hotel
will feature 200 hotel rooms and apartments and will be located between
Rua Guerra Junqueiro and Avenida da Índia, a stunning waterfront
location facing Tejo River.
The foray into Lisbon, Portugal’s coastal capital city, is an important
milestone for Hyatt, signifying its growing brand presence in
increasingly competitive markets across the continent. The number of
tourists visiting Portugal has increased for eight consecutive years,
with 12.8 million travelers visiting in 2018 alone.
The hotel will be situated just a five-minute drive from Lisbon’s
historic city center and within easy reach of many major attractions,
including the two UNESCO World Heritage sites: the Bélem Tower and the
Jéronimos Monastery. These nearby sites, along with its prime location
across from Lisbon’s conference center and convenient access to the
airport, will make the Hyatt Regency brand a natural fit with its appeal
to both business and leisure travelers seeking a seamless experience.
“We are delighted by the announcement of plans for the first Hyatt hotel
in Portugal as Lisbon is one of Europe’s leading cities in overnight
stays and has quickly established itself as a prime destination not only
for leisure travelers, but also for larger conventions and events.” said Nuno
Galvão-Pinto, regional vice president development at Hyatt. “We look
forward to working with United Investments Portugal on this exciting
project in Lisbon. This is an important step for Hyatt as we look to
expand our brand presence throughout Portugal.”
Hyatt Regency Lisbon will offer a wide range of intuitive facilities,
including a luxurious spa, a swimming pool, a rooftop terrace bar with
views over the river, as well as a beautiful courtyard and garden.
Carlos Leal, general manager of United Investments Portugal commented,
“We are thrilled to be working with Hyatt on our first development in
Lisbon in a premier riverside location in one of the world’s leading
cities. With its warm climate, culture, history, gastronomy and beaches,
Lisbon truly has it all.
The Hyatt Regency brand offers a stress-free environment for leisure and
business travelers alike to enjoy a productive and energized experience.
Guests can enjoy signature services and amenities, including notable
food and beverage, flexible spaces to work, collaborate or relax, and
expansive technology-enabled facilities for meetings and events, along
with expert planners who adhere to every detail.
Hyatt Regency Lisbon will mark continued growth for the brand in Europe,
joining Hyatt
Regency Nice Palais de la Méditerranée and soon-to-open Hyatt
Regency Barcelona Fira and Hyatt Regency Hesperia Madrid.
For more information about Hyatt Regency hotels, please visit hyattregency.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 Hyatt Regency
The Hyatt Regency brand prides itself on making travel free from stress
and filled with success. More than 190 conveniently located Hyatt
Regency urban and resort locations in over 30 countries around the world
serve as the go-to gathering space for every occasion – from efficient
personalized, high-touch business meetings to energizing family
vacations. The brand offers stress-free environments for seamless
gatherings and empathetic service that anticipates guests’ needs.
Designed for productivity and peace of mind, Hyatt Regency hotels and
resorts offer a full range of services and amenities, including the
space to work, engage or relax; notable culinary experiences;
technology-enabled ways to collaborate; and expert meeting and event
planners who can take care of every detail. For more information, please
visit hyattregency.com.
Follow @HyattRegency on Facebook,
Twitter
and Instagram,
and tag photos with #HyattRegency.
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.
About United Investments Portugal
United Investments Portugal (UIP) is part of the IFA Hotels & Resorts
consortium and the name behind Pine Cliffs Resort, Sheraton Cascais
Resort, acclaimed spa brand Serenity – The Art of Well Being, and the
Hyatt Regency Lisboa, set to open in the last quarter of 2020. UIP is
also shareholder of Yotel Hotel Group, considered number 1 in the top 9
Leading Hotel Technological Brands worldwide with Hotels in New York,
San Francisco, Boston, Singapore, Europe and recently opened in
Istanbul. There are currently 9 new hotel openings in 2019, including
Yotel Porto, and at least 15 more under development. As a flagship
development, Pine Cliffs Resort has set the benchmark for all group
mixed use resorts developments, combining excellent investment
opportunities in real estate and holiday ownership products with luxury
lifestyle experiences.
Forward-Looking Statement
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:
Simone Loretan
Hyatt – Europe, Africa
and the Middle East
+41 44 279 1226
[email protected]
Gloria
Kennett
Hyatt
312-780-5506
[email protected]
