Hyatt Regency Indianapolis Completes $20M Renovation

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. January 30, 2012

INDIANAPOLIS, INDIANA - January 27, 2012 - Hyatt Regency Indianapolis today announced the completion of a $20 million transformation that features 499 newly appointed guestrooms, suites and a completely redesigned rooftop restaurant, The Eagle's Nest. The renovation is the most extensive in the 35-year history of the city's first premier downtown conference and event hotel and it comes days before Indianapolis takes center stage for one of the world's largest sporting events.

Guestrooms and Suites:

The new rooms are designed to deliver a sophisticated atmosphere that provides the very best in style, comfort and technology. The scope of the guestroom renovation included all 499 guestrooms, suites and corridors; including 25 Respire by Hyatt - hypo-allergenic rooms - intended to provide a comfortable sleeping environment for allergy sufferers.

“Our new guestrooms and suites are designed to feel like home and they have exceptional workspace, lighting and amenities,” said Hyatt Regency Indianapolis General Manager Brian Comes. “We took three years from research and design to renovation and our guests are going to be thrilled with our new look.”

The new residential-style guestrooms feature ergonomic and spacious workstations, custom woodwork and bright, contemporary bathrooms including 170 glass-showers. Rooms also have the latest in wired and wireless technology, including radio frequency identification guestroom locks, state-of-the-art individual atmosphere controls, iHome stations, 37'' LCD televisions, and in-room safes alongside mini-refrigerators. Media hubs easily pair the television with laptops and the latest multi-media technology.

The Eagle's Nest:

Indiana's only revolving rooftop restaurant, The Eagle's Nest, has also been completely transformed with a new contemporary design and custom furnishings that create a vibrant lounge and dining room. The Eagle's Nest offers a spectacular 360° view of the downtown skyline and it was recognized as one of the Top 50 “Most Scenic and Most Romantic Restaurants” in the United States by OpenTable in 2011.

“The Eagle's Nest offers our visitors an incredible vantage point of our skyline and a unique dining option,” said Chris Gahl, vice president of marketing and communications for the Indianapolis Convention & Visitors Association. “The restaurant's recent renovation helps ensure the overall health of our downtown for visitors and residents alike.”

In addition to the panoramic views, a new Executive Chef, John Pivar, brings 20 years of culinary-industry experience and an exciting vision to the menu. Chef Pivar is the author of two popular cookbooks and his seasonal dishes feature local ingredients that are skillfully blended to create a classic American cuisine.

The Regency Club:

The major renovation also includes a new Regency Club that provides an exclusive and comfortable environment for leisure guests and business travelers seeking convenience and a high level of service. The Regency Club offers executive continental breakfast, a fine selection of cocktails and hors d'oeuvres in the evening, private check-in/out and personalized concierge service.

“We have totally transformed and revitalized the Hyatt Regency Indianapolis in a way that re-establishes this landmark hotel as one of the most desirable venues in Indianapolis,” said Comes. “The renovation reveals a contemporary and sophisticated new look and its part of our renewed commitment to providing our guests with the very best in product and service.

To make reservations or to learn more about Hyatt Regency Indianapolis, visit www.indianapolis.hyatt.com or call 317-632-1234.

About Hyatt Regency Indianapolis
Hyatt Regency Indianapolis offers the premier destination in the heart of downtown Indianapolis. The hotel features 499 guest rooms with a dramatic 21-story atrium lobby, and over 35,000 square feet of flexible function space. An array of dining options include Level One Lounge, One South Restaurant and The Eagle's Nest, the city's only revolving rooftop restaurant and lounge - recognized as the "Most Romantic Restaurant” and “Most Scenic” in the US for 2011. The hotel also includes a fully equipped 24-hour StayFit@Hyatt gym with heated indoor pool, whirlpool and sauna. At Hyatt Regency Indianapolis, guests will find a unique blend of location, amenities and service to make their stay memorable. For additional information about or to make reservations, please visit www.indianapolis.hyatt.com or call 317-616-1234.

Forward-Looking Statements
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. These statements include statements about our plans, strategies, financial performance, prospects or future events and involve known and unknown risks that are difficult to predict. As a result, 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 actual results to differ materially from current expectations include, among others, the rate and pace of economic recovery following the recent economic downturn; levels of spending in business and leisure segments as well as consumer confidence; declines in occupancy and average daily rate; hostilities, including future terrorist attacks, or fear of hostilities that affect travel; travel-related accidents; changes in the tastes and preferences of our customers; relationships with associates and labor unions and changes in labor law; the financial condition of, and our relationships with, third-party property owners, franchisees and hospitality venture partners; risk associated with potential acquisitions and dispositions and the introduction of new brand concepts; changes in the competitive environment in our industry and the markets where we operate; outcomes of legal proceedings; changes in federal, state, local or foreign tax law; fluctuations in currency exchange rates; general volatility of the capital markets and our ability to access the capital markets. A more complete description of these risks and uncertainties can be found in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K. We caution you not to place undue reliance on any forward-looking statements, which are made 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 laws. 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.

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