Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with CES Pirie Hotel (SA) Pty Ltd., an entity wholly owned by Chip Eng Seng Corporation Limited, to develop a new Hyatt Regency in Adelaide. The new 295-room hotel will mark the return of a Hyatt branded hotel to Adelaide, continuing Hyatt’s expansion in Australia. With construction planned to commence in early 2020, Hyatt Regency Adelaide is expected to open in early 2023.

The Hyatt Regency brand offers a stress-free environment for event, leisure and business travelers alike to enjoy a productive and energized experience. Guests can enjoy a seamless and intuitive service alongside refreshing food and beverage concepts and flexible spaces suited for work, collaboration or relaxation.

“We are grateful to work with CES Pirie Hotel on the opening of the new Hyatt Regency Adelaide and are excited to bring the Hyatt Regency brand, which has a strong legacy and following, back to this vibrant city,” said David Udell, group president, Asia Pacific, Hyatt. “Located in Adelaide’s city center, the hotel will provide guests with the tools to stay connected and benefit from the hotel’s intuitive and personalized service.”

Hyatt Regency Adelaide will be located on Pirie Street in the center of the city’s central business district, giving guests unparalleled access to major corporate and government offices as well as shopping and dining venues. When completed, the hotel will offer facilities including more than 8,000 square feet (750 square meters) of event space, a Market Café, a Regency Club, swimming pool, fitness facilities and a rooftop bar.

“The development of the new Hyatt Regency Adelaide will mark an important re-entry into Adelaide for the brand and also fill a key gap in Hyatt’s domestic Australian network,” said Monika Dubaj, vice president real estate and development, Asia-Pacific, Hyatt. “The hotel is part of our strategy to provide more offerings to travelers as we expand in Australia, with new destinations such as Adelaide and Brisbane that will complement our current portfolio of seven hotels in Sydney, Melbourne, Perth and Canberra.”

“Hyatt Regency Adelaide will add to Chip Eng Seng Corporation’s strategic presence in Australia,” said Mr. Raymond Chia, Executive Director and Group Chief Executive Officer, Chip Eng Seng Corporation. “We have selected Hyatt because of its established reputation and leadership in the hospitality industry. We will work closely with Hyatt to create a hotel which will become an excellent representation of all the elements that make the Hyatt Regency brand so successful over the decades.”

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. For further information:

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 more than 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 Chip Eng Seng Corporation Limited

Chip Eng Seng is listed on the mainboard of the Singapore Exchange Securities Trading Limited since 1999. Chip Eng Seng is one of Singapore’s leading construction and property groups with businesses spanning across the five core pillars of the business – construction, property developments, property investments, hospitality and education. Over the past years, Chip Eng Seng has established a strong presence in Australia, Malaysia, Vietnam, China, Maldives and New Zealand. For more information about Chip Eng Seng, please visit www.chipengseng.com.

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 June 30, 2019, the Company’s portfolio included more than 875 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 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.