Hyatt Place Development Pace Accelerated in 2007
JANUARY 30, 2008. Further demonstrating its position as the 'category killer' upscale select service brand, Hyatt today announced that it approved a total of 86 new Hyatt Place hotels to date. These new projects, which include the first new-build Hyatt Place hotels in New Mexico, Missouri and Ohio, bring the total number of new build Hyatt Place projects open and under development to over 200 hotels.
"Based on the 100+ Hyatt Place hotels currently open and operating, we're confident the combination of comfortable amenities, Hyatt-quality service and adaptability in multiple markets will continue to stimulate demand in a variety of urban and suburban areas," said Jim Abrahamson, Hyatt's head of development for the Americas. "Thanks to the success of our hotels we have a substantial advantage over our competitors because developers have been able to experience the brand firsthand and see the concrete and impressive guest satisfaction scores, occupancy levels and ADR."
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
