Hyatt Announces Plans for Hyatt Centric Kota Kinabalu

Slated to open in 2021, the Kengo Kuma-designed hotel in Kota
Kinabalu will be the first Hyatt Centric branded hotel in Malaysia

CHICAGO–(BUSINESS WIRE)–Hyatt
Hotels Corporation
 (NYSE: H) announced today that a Hyatt affiliate
has entered into a management agreement with a wholly owned subsidiary
of Hap Seng Consolidated Berhad group (“Hap Seng”) to develop a Hyatt
Centric hotel in Kota Kinabalu, Sabah. Expected to open in 2021, Hyatt
Centric Kota Kinabalu will be the first Hyatt Centric hotel in Malaysia
and will connect savvy, in-the-now guests with shareworthy experiences
at and around the property.


Situated in the heart of the city, the hotel will offer convenient
access to the commercial district, shopping malls, restaurants and other
local attractions. The Jesselton Point pier is also within walking
distance, allowing guests to easily visit nearby islands, while the
airport is a little more than six miles (ten kilometers) away.

“We are grateful for the collaboration from Hap Seng, one of the most
esteemed companies in Malaysia,” said David Udell, group president,
Asia-Pacific, Hyatt Hotels Corporation. “With its prime location in
Malaysia’s gateway city to Sabah and Borneo, Hyatt Centric Kota Kinabalu
will cater to adventurous guests looking to discover the area’s culture,
cuisine and surrounding national parks.”

With the Hyatt Centric brand’s light-hearted spirit in mind, Kengo Kuma
has been commissioned as the architect and interior designer for Hyatt
Centric Kota Kinabalu. Taking inspiration from the lush green hills and
blue ocean surrounding the hotel, the award-winning designer will
incorporate local materials into the design. The hotel will also feature
an all-day lounge and restaurant, more than 1900 square feet (600 square
meters) of meeting space, a rooftop swimming pool and bar with views of
the South China Sea, and a fitness center.

“We are thrilled to announce plans to introduce the Hyatt Centric brand
to one of Malaysia’s key destinations,” said Patrick Finn, senior vice
president – real estate & development, Asia-Pacific, Hyatt. “We are
focused on strategically growing our brand presence in Malaysia and the
introduction of our second Hyatt hotel in Sabah will enable us to
provide more diverse experiences for guests.”

Dato’ Jorgen Bornhoft, chairman of Hap Seng said, “We’re honoured to
announce plans to fly the first Hyatt Centric flag in Malaysia, and more
importantly, the very first hotel by the Hap Seng group. Leaving no
stone unturned, we have decided to engage the world-renowned Japanese
architect, Kengo Kuma to design the hotel. We hope this speaks to Hap
Seng’s commitment to bring a best-in-class experience to Sabah while
creating job opportunities and driving tourism.”

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 Centric

Hyatt Centric is a brand of full-service lifestyle hotels located in
prime destinations. Created to connect guests to the heart of the
action, Hyatt Centric hotels are thoughtfully designed to enable
exploration and discovery so they never miss a moment of adventure. Each
hotel offers social spaces to connect with others in the lobby,
meanwhile the bar and restaurant are local hot spots where great
conversations, locally inspired food and signature cocktails can be
enjoyed. Streamlined modern rooms focus on delivering everything guests
want and nothing they don’t. A passionately engaged team is there to
provide local expertise on the best food, nightlife and activities the
destination has to offer. For more information please visit hyattcentric.com.
Follow @HyattCentric on Facebook
and Instagram,
and tag photos with #HyattCentric.

About Hap Seng Consolidated Berhad

Hap Seng Consolidated Berhad (“Hap Seng”) is a public company listed on
the Main Market of Bursa Malaysia Securities Berhad. In 2016, Hap Seng
was added to the FBM KLCI main index which tracks the performance of the
top 30 listed companies in Malaysia by market capitalization. Comprising
six core business activities, namely plantations, property investment &
development, credit financing, automotive, trading and building
materials, Hap Seng group is progressive and forward-looking.
Underpinned by emphasis on value creation, operational excellence and
sustainability, Hap Seng has consistently delivered value to its
stakeholders.

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
December 31, 2018, the Company’s portfolio included more
than 850 properties in 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
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or the negative of these terms or similar expressions. Such
forward-looking statements are necessarily based upon estimates and
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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
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successfully grow the World of Hyatt loyalty program; cyber incidents
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Company’s filings with the U.S. Securities and Exchange Commission,
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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
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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:
Angelina Hue
Hyatt – Asia Pacific
+852
2678 1323
[email protected]

Gloria
Kennett
Hyatt
312-750-5506
[email protected]

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