Davidson Hotels & Resorts Opens 335-room Hyatt North Houston

Completing a ReFlagging of the Former Crowne Plaza Houston Greenspoint

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. February 02, 2012

HOUSTON, TX - February 1, 2012 - Officials with Davidson Hotels & Resorts, one of the nation's largest independent hotel management companies, and Hyatt Hotels Corporation (NYSE:H) today announced the opening of the fifth Hyatt hotel in Houston, the 335-room Hyatt North Houston. The hotel, formerly known as the Crowne Plaza Houston North-Greenspoint, is operated by Davidson under a franchise agreement with an affiliate of Hyatt Hotels Corporation.

“Having recently completed a major, multi-million dollar renovation, Hyatt North Houston is well positioned as a premier hotel catering to the needs of Houston area visitors,” said Patrick Lupsha, Davidson's chief operating officer. “We look forward to leveraging the tremendous tools Hyatt has to offer. The strengths of the brand, when combined with our focus on creating tremendous guest experiences, will provide an unrivaled choice for business, group and leisure travelers in North Houston.”

Located at 425 N. Sam Houston Parkway East in the heart of North Houston near numerous corporate headquarters and retail offerings, George Bush Intercontinental Airport, and the Greenspoint business district, Hyatt North Houston features such amenities as a state-of-the-art fitness facility, tropical style outdoor swimming pool and spa, business center and gift shop. Additionally, the property provides 27,000 square feet of meeting space and an all-day American cuisine restaurant, Grill 425.

The eight-story Hyatt North Houston is the fifth full-service Hyatt managed by Davidson Hotels & Resorts (with a sixth property recently announced), making Davidson the largest independent operator of full-service Hyatt hotels in the industry.

“Houston is an increasingly popular destination for business and leisure travelers,” said Chuck Floyd, chief operating officer, North American operations, Hyatt Hotels Corporation. “Hyatt North Houston will provide the level of service and authentic hospitality that Hyatt guests have come to expect.”

“Davidson is constantly assessing value creation strategies in order to provide owners with the best possible plans for maximizing asset value,” said Ted Arps, senior vice president, Davidson Hotels & Resorts. “By bringing an exceptional brand like Hyatt to the table, Davidson has afforded ownership the opportunity to create even more value in the property. Combined with Hyatt's distinctive portfolio of brands, commitment to its core values and culture and its resources that deliver long-term success, we believe this is the perfect marriage of players.”

ABOUT DAVIDSON HOTELS & RESORTS
Headquartered in Memphis, Tenn., Davidson Hotels & Resorts is an award-winning, full-service hotel management company that provides management, development/renovation, acquisition, consulting and accounting expertise for the hospitality industry. The company's portfolio encompasses 47 upscale, full-service independent and branded hotels with nearly 13,400 rooms across the United States, including such affiliations as Hyatt, Renaissance, Marriott, Westin, Sheraton, Hilton, Embassy Suites, Doubletree, Radisson, Hilton Garden Inn and Courtyard. Additional information on Davidson may be found at www.davidsonhotels.com.