Hyatt Hotels Corporation (the “company” or “Hyatt”) (NYSE: h) announced today that it has extended its exclusivity agreement previously released with Play which beach has a beach agreed to negotiate exclusively with Hyatt on potential strategic alternatives and that can include beach acquisition by Hyatt. The exclusivity period has been extended until February 10, 2025.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, based in Chicago, is a leading global hospitality company guided by its purpose: to take care of people so that they can be the best. As of September 30, 2024, the company’s portfolio included more than 1,350 hotels and properties with all included in 79 countries on six continents. The company’s offer includes brands in the Luxury portfolioincluding Park Hyatt®, Alila®, Miraval®, Printing the Secretsand The collection not linked by Hyatt®; he Lifestyle portfolioincluding Andaz®, Thompson hotels®, The standard®, Dream® Hotels, The standardx, RESORTS AND SPEAKS®, Hyatt JDV®, Bunkhouse® Hotelsand Me and all hotels; he Inclusive portfolioincluding Zoëtry® Wellness & Spa Resorts, Hyatt Ziva®, Hyatt Zilara®, Mysteries® Resorts and Spas, Dreams® Resorts and Spas, Hyatt Vivid Hotels & Resorts, Solar landscape® Resorts and Spasand Alua Hotels & Resorts®; he Classic portfolioincluding Grand Hyatt®, Regency Hyatt®, Hyatt destination®, Central hyatt®, Hyatt Holiday Club® and Hyatt®; and the Essential portfolioincluding Hyatt legend®, Hyatt Place®, Hyatt house®, Hyatt Studiosand Urcove. The company’s subsidiaries operate the World of Hyatt® Loyalty program, AT VACATIONS®, MRS and MRS Smith, Unlimited Vacation Club®, Amstar DMC Destination Management Services and Triseept Solutions® Technology Services. For more information, visit www.hyatt.com.
Declarations with advance
The prospective statements in this press release, which are not historical facts, are prospective statements in the sense of the Law on the Reform of Private Securities Litigation of 1995. Our real results, performance or achievements may differ materially from those expressed or Implicit for these prospective statements. These statements include statements about Hyatt’s discussions with beach with respect to strategic alternatives and involve known and unknown risks that are difficult to predict. In some cases, you can identify statements with a vision of the future through the use of words such as “May”, “could”, “wait”, “pretend”, “plan”, “search”, “anticipate”, “believe”, ” “Estima”, “Predict”, “Potential”, “Continue”, “Probable”, “would”, “and variations of these similar terms and expressions, or the negative of these similar terms or expressions. These prospective statements are necessarily based on estimates and assumptions that, although considered reasonable by us and our management, are inherently uncertain. The factors that can make real results materially differ from current expectations include, but are not limited to general economic uncertainty in key global markets and worsening of global economic conditions or low levels of economic growth; the rate and rhythm of economic recovery after economic recessions; Global restrictions and interruptions of the supply chain, the increase in labor costs and construction -related materials, and the increase in costs due to inflation or other factors that may not be fully compensated by increases in income in our business; risks that affect luxury, resort and all -inclusive accommodation segments; levels of business, leisure and group segments, as well as consumer confidence; decreases in the occupation and the average daily rate; limited visibility with respect to future reserves; loss of key personnel; national and international political and geopolitical conditions and political or civil disturbances or changes in commercial policy; Hostilities, or the fear of hostilities, including future terrorist attacks, which affect trips; accidents related to trips; Natural or man disasters, the events related to climate and weather, such as earthquakes, tsunamis, tornadoes, hurricanes, droughts, floods, forest fires, oil spills, nuclear incidents and global outbreaks of pandemics or contagious diseases, or fears of such outbreaks; Our ability to successfully achieve certain levels of operational profits in hotels that have performance tests or guarantees in favor of our third -party owners; the impact of the renovations and redevelopments of the hotels; Risks associated with our capital allocation plans, repair program for shares and dividend payments, including a reduction or elimination or suspension of the repurchase activity or dividend payments; the seasonal and cyclical nature of real estate and hospitality business; Changes in distribution arrangements, as through Internet travel intermediaries; changes in the tastes and preferences of our clients; relations with colleagues and labor unions and changes in labor laws; the financial condition and our relations with third -party owners, franchisees and risk partners of hospitality; the possible inability of third -party owners, franchisees or development partners to access the necessary capital to finance current operations or implement our growth plans; risks associated with possible acquisitions and provisions and our ability to successfully integrate the acquisitions completed with existing operations; Do not successfully complete the proposed transactions (including the lack of satisfaction of the closing conditions or obtain the required approval); our ability to maintain an effective internal control over the controls and procedures of financial and dissemination dissemination; declines in the value of our real estate assets; unforeseen terminations of our management agreements and hotel services or franchise agreements; Changes in federal, state, local or foreign fiscal law; increases in interest rates, salaries and other operating costs; exchange rate fluctuations or monetary restructuring; risks associated with the introduction of new brand concepts, including the lack of acceptance of new brands or innovation; General volatility of capital markets and our ability to access such markets; Changes in the competitive environment in our industry, industry consolidation and markets where we operate; Our ability to successfully grow the world of Hyatt loyalty program and the unlimited vacation club program; Cybernetic incidents and failures in information technology; results of legal or administrative procedures; and violations of regulations or laws related to our franchise and business businesses and our international operations; and other risks discussed in the company’s presentations with the US stock and values commission Presentations are available in the SEC. These factors are not necessarily all the important factors that could cause our real results, performance or achievements to differ materially from those expressed or implicit by any of our prospective statements. Let us warn you that you do not deposit an undue dependence on any prospective statement, to be made only from the date of this press release. We do not assume the obligation to publicly update any of these prospective statements to reflect the real results, new information or future events, changes in assumptions or changes in other factors that affect prospective statements, except to the extent required by the applicable law. If we update one or more prospective statements, inference should not be drawn that we will make additional updates with respect to those or other prospective statements.
HHC-FIN
See the origin version in Businesswire.com: https://www.businesswire.com/news/home/20250203774850/en/
Investors:
Adam Rohman
+ 1 312.780.5834
(protected email)
Ryan Nuckols
+1 312.780.5784
(protected email)
Media:
Franziska Weber
+ 1 312.780.6106
(protected email)
(Tagstotranslate) Hotels/Resorts (T) Consumer Discretion (T) H
