Hyatt Regency Malta will mark continued growth for Hyatt in Southern
Europe
CHICAGO–(BUSINESS WIRE)–Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
has entered into a franchise agreement with Bay Street Holdings Limited
to develop the first Hyatt-branded hotel in Malta. Located on the scenic
coastal destination of St. Julian’s, the 153-room resort is expected to
open in 2021 as the ideal destination for every occasion – from seamless
business meetings to memorable family vacations.
“We are thrilled to announce plans for the first Hyatt-branded property
in Malta, a country rich in historic architecture and now quickly
becoming one of the most sought after destinations for business and
leisure travel,” said Guido
Frederich, Hyatt’s regional vice president development, Europe.
“This is a great opportunity to build on the current Hyatt Regency brand
presence in Southern Europe, and we look forward to working with the
highly experienced developers, Bay Street Holdings, to open a new,
exclusive hotel in the area.”
Gaining popularity among leisure guests and high-end business travelers,
Malta’s tourist numbers having doubled since 2010. Increasingly,
visitors are choosing to stay at the coastal destination of St. Julian’s
due to its proximity to shopping, restaurants and entertainment. Hyatt
Regency Malta will be located only a short walk from the beach and
marina, and less than 20 minutes from Malta’s international airport and
the UNESCO World Heritage City of Valletta. Furthermore, the hotel will
offer flexible event spaces and a five-story underground car park,
providing a stress-free environment for corporate events, social
gatherings and weddings.
“We are delighted to be working with Hyatt to bring a new resort offer
to St. Julian’s – one of Malta’s most in-demand destinations,” said
Albert Galea, chief executive officer, Bay Street Holdings Limited. “At
Hyatt Regency Malta, guests will enjoy the seamless, intuitive
experiences the brand is well recognized for.”
Through empathetic service that anticipates guests’ needs, the Hyatt
Regency brand designs experiences to ensure productivity and peace of
mind while traveling. Hotel guests will enjoy a full range of services
and amenities, including notable culinary experiences, flexible spaces
to work, collaborate or relax, and tools to stay connected and energized
for meetings and events.
Hyatt Regency Malta will add to the growing Hyatt Regency brand
portfolio in Europe, joining Hyatt
Regency Nice Palais de la Méditerranée, soon to open Hyatt Regency
Barcelona Fira and Hyatt Regency Hesperia Madrid, and recently announced
Hyatt Regency Lisbon.
For more information about Hyatt Regency hotels, please visit: https://www.hyatt.com/brands/hyatt-regency
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.
Bay Street Holdings Limited boilerplate
Bay Street Group was founded in May 1998 and opened the first Shopping
Mall in St. Julians on the 25th November 2000. Bay Street Shopping Mall
is strategically located in the midst of Malta’s top leisure and
entertainment destination. The complex houses some of the most
prestigious international retail brands, restaurants and its own car
Park. Bay Street Group portfolio includes also the 4 star be.HOTEL which
opened its doors in 2000. The hotel was recently refurbished and
extended to 277 bedrooms. The Bay Street Group’s objective is to offer
its clients and guests a destination of enriched experiences, with high
level of hospitality options, a selection of dining and shopping choices
complemented with inhouse parking facilities.
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
Gloria Kennett
Hyatt
[email protected]
312-780-5506
Simone Loretan
Hyatt – Europe, Africa and Middle East and Southwest
Asia
+41 44 279 1226
[email protected]
