Hyatt Place Hotel Opens in Malta, NY

Property Owned by Malta Hospitality and Operated by InterMountain Management

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. October 14, 2008

MALTA, NY, August 14, 2008. Hyatt Hotels & Resorts, Malta Hospitality, LLC, and InterMountain Management, LLC today announce the opening of Hyatt Place Saratoga/Malta, marking New York State's first Hyatt Place and the country's first ground-up Hyatt Place hotel. Hyatt Place complements Hyatt's full service brands by combining contemporary design with innovative services and amenities to create an atmosphere of casual hospitality.

"Hyatt Place has already reached more than 115 hotels in two years and this opening - our first new-build Hyatt Place - represents the next phase of the brand's domestic growth strategy and paves the way for its strong development pipeline to come to fruition," said Chuck Floyd, Chief Operating Officer - North America, Global Hyatt Corporation. "With Hyatt Place, we've struck the bulls-eye for consumers - through our research, we've provided the resources they need to maintain their 24/7 lifestyle by offering a combination of style, service and amenities never before seen in the industry."

Hyatt Place Saratoga/Malta, which is owned by Malta Hospitality, LLC and operated by InterMountain Management, LLC, is located at 20 State Farm Place and ideally situated near historic downtown Saratoga Springs, the world-renowned Saratoga Thoroughbred Race Course and Saratoga Performing Arts Center. For added convenience, Hyatt Place Saratoga/Malta is also just a short drive from Albany, New York's capital, and the Albany International Airport.

"Hyatt Place offers a completely new kind of hotel experience and we're excited to be the first to bring that to New York State," said Bill Gomez, general manager, Hyatt Place Saratoga/Malta. "With free Wi-Fi access, freshly prepared food available 24/7, state-of-the-art in-room media options and proprietary training that prepares all staff to gracefully handle any task, Hyatt Place is equipped with everything today's traveler needs."

Hyatt Place is also developing hotels in New York City (Manhattan) and Long Island's Garden City. Hyatt Place Saratoga/Malta will be under the leadership of General Manager Bill Gomez and Director of Sales Michele Neyer.

In his role, Gomez, a 22-year hospitality industry veteran, will be directly responsible for managing the day-to-day operations of the hotel, including overseeing the hotel's 40 associates and ensuring guests encounter the purposeful service for which Hyatt Place is known.

Gomez will be joined by Michele Neyer, director of sales, who will be responsible for providing sales service and support to travelers and meeting planners frequenting the Saratoga Springs and greater Albany area.