Hyatt and Jinmao Group Unveil 305-Room Jinmao Hotel Lijiang Joining The Unbound Collection in China Following Rebranding From Grand Hyatt

USA, Chicago, Illinois. May 30, 2018

Hyatt and the Jinmao Group have proudly unveiled Jinmao Hotel Lijiang, which rebranded from a Grand Hyatt hotel to Jinmao Hotel Lijiang
in The Unbound Collection by Hyatt. This marks the first hotel in China
for The Unbound Collection by Hyatt. The 305-room Jinmao Hotel Lijiang
combines traditional architecture with contemporary design, offering
guests an authentic taste of the traditional Naxi culture, breathtaking
natural views, and a story-worthy experience. Together, Hyatt and the
Jinmao group also announced the renewal of the management agreement for
the iconic Grand Hyatt Shanghai, located in the heart of the Lujiazui
financial and business center in Shanghai, eastern China.

“We are humbled by the trust and confidence shown by the Jinmao Group
and are excited for the opportunity to bring the next level of
hospitality to our Chinese guests,” said Asia Pacific Group President
David Udell, Hyatt Hotels Corporation. “The renewed collaboration
demonstrates the shared vision of Hyatt and Jinmao in bringing care and
new, one-of-a-kind experiences to Chinese guests. It further
demonstrates Hyatt's commitment to innovative collaboration with our
owners to positively impact our guests' experiences.”

Aimed at fulfilling a sense of discovery through novel, story-worthy
experiences, Jinmao Hotel Lijiang joins recent openings in the portfolio
including Hotel Martinez in Cannes and The Eliza Jane in New Orleans.

“Working hand-in-hand with Hyatt for the last 20 years has allowed us
to create a hotel that raises the bar for the industry,” said Tang
Yong, executive director and CEO of Jinmao (China) Hotel Investments and
Management Limited. “Jinmao received strong support from Hyatt while
creating Jinmao Hotel Lijiang. The hotel is a new beginning for both of
us, but with Hyatt's global expertise and Jinmao's deep understanding of
the local market, we believe our relationship will continue to grow and
strengthen.”

The collaboration between Hyatt and Jinmao began in 1999 with the opening of the Grand Hyatt hotel in Shanghai at the iconic Jin Mao Tower in Pudong. A significant milestone in the history of China's hospitality industry, Grand Hyatt Shanghai was the tallest hotel in the world when it opened and has won numerous awards including the 'Readers' Choice Awards - Best Hotel in Shanghai' by DestinAsian for eight consecutive years, from 2005-2012. Growing alongside China's dynamic development throughout the past 20 years, Grand Hyatt Shanghai has been at the forefront of hospitality by bringing iconic experiences and vibrant service to guests, a testament to the two companies' growth and contributions to the flourishing hospitality industry in China.

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