Hyatt Signs With Tamdeen Group for Hyatt Regency Al Kout Mall in Kuwait

USA, Chicago, Illinois. November 28, 2018

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with a Tamdeen Group subsidiary for Hyatt Regency Al Kout Mall, which will reintroduce the Hyatt Regency brand into Kuwait, and further build Hyatt's growing portfolio in the Middle East. The announcement marks the second collaboration between Hyatt and Tamdeen Group, following the Grand Hyatt Kuwait, set to open in 2020. Hyatt Regency Al Kout Mall is currently undergoing a major renovation and is set to debut in January 2019.

The Hyatt Regency brand offers a seamless experience that places everything guests need under one roof, as well as a full range of services and amenities, including notable culinary experiences, technology-enabled facilities for collaboration, a space to work, engage or relax, and the expert planners who adhere to every detail.

The property will be an integral part of the multifaceted Al Kout Development, Kuwait's largest waterfront, retail and leisure destination that offers world-class retail, lifestyle, dining, entertainment and leisure experiences in one destination. The new Hyatt Regency Al Kout Mall will connect guests to the development's additional offerings including: Al Kout Mall, Souq Al Kout, Al Kout Marina, Al Kout Fisherman's Wharf, and Al Kout seaside promenade, all within convenient reach of Kuwait International Airport.

“We're thrilled to continue our relationship with Tamdeen Group and look forward to this exciting project strengthening Hyatt's brand presence in Kuwait,” said Ludwig Bouldoukian, Dubai-based regional vice president of development, Middle East and North Africa. “Following extensive redevelopment plans, the hotel will to cater to the requirements of on-the-go business travelers and provide an unparalleled setting for meetings. It is a great pleasure to undertake this project in conjunction with Tamdeen Group, given their undeniable reputation for exemplary developments in the region.”

The hotel will offer a multitude of areas ideal for connection, including a vibrant lobby, Regency Club and authentic food and beverage concepts, such as a speciality Italian dining venue. Guests will also enjoy fully renovated guestrooms featuring contemporary design, a brand-new ballroom and expanded meeting facilities, including a dedicated co-working space which will enhance the property's offerings for both business and leisure guests.

Mohammed Jassim Khalid Al Marzouq, chairman of Tamdeen Group, remarked, “We are delighted to expand our existing relationship with Hyatt beyond the plans to build Grand Hyatt Kuwait. We have chosen to collaborate with Hyatt to make the best of this ideal location, as we feel that the Hyatt Regency brand perfectly aligns with both the business and leisure culture prevalent in the dynamic state of Kuwait.”

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