Hyatt Dorado Beach Resort to Close its Doors
After 48 Years in Operation
CHICAGO, IL, March 21, 2006. Dorado Beach Hotel Corporation, owner of Hyatt Dorado Beach Resort & Country Club, announced today that it will cease operation of Hyatt Dorado Beach Hotel and terminate its management agreement with Hyatt Hotels Corporation, effective May 31, 2006.
"This is a tremendously sad day for Hyatt and for our loyal employees who have so well served this landmark property for 48 years," said Chuck Floyd, chief operating officer and executive vice president of Hyatt Hotels Corp. "This staff has become family in the true sense of the word, and we will do everything in our power to assist them with their future plans.
"Although there are no definitive plans for Hyatt's future on the island following the hotel's closure, we are committed to regaining our presence as soon as the opportunity arises," he added. "In the meantime, we will work closely with our staff and the union to make this transition as smooth as possible while we continue to focus on the positive experience of our guests."
Hyatt Corporation has managed Dorado Beach Hotel since 1985.
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