Hyatt Expected to Double Canada Brand Presence by 2022
CHICAGO--(BUSINESS WIRE)--May 14, 2019--
Hyatt Hotels Corporation (NYSE: H) today announced that more than 20 new hotels are expected to open in Canada by the end of 2022, driving the global hospitality brand’s growth in the country by 50 percent. 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:
- Hyatt Place Mississauga Centre in Mississauga, Ontario
- Hyatt House Winnipeg South West in Winnipeg Manitoba
- 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
- 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
- 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 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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190514005760/en/
CONTACT: MEDIA CONTACTS:
+1 312 780 3004
+1 312 780 5797
KEYWORD: UNITED STATES NORTH AMERICA CANADA ILLINOIS
INDUSTRY KEYWORD: TRAVEL DESTINATIONS VACATION LODGING OTHER TRAVEL CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE
SOURCE: Hyatt Hotels Corporation
Copyright Business Wire 2019.
PUB: 05/14/2019 11:12 AM/DISC: 05/14/2019 11:12 AM