Hyatt Signs With CES Pirie Hotel to Develop New Hyatt Regency in Adelaide Set to Open in 2023

USA, Chicago, Illinois. August 05, 2019

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with CES Pirie Hotel (SA) Pty Ltd., an entity wholly owned by Chip Eng Seng Corporation Limited, to develop a new Hyatt Regency in Adelaide. The new 295-room hotel will mark the return of a Hyatt branded hotel to Adelaide, continuing Hyatt's expansion in Australia. With construction planned to commence in early 2020, Hyatt Regency Adelaide is expected to open in early 2023.

The Hyatt Regency brand offers a stress-free environment for event, leisure and business travelers alike to enjoy a productive and energized experience. Guests can enjoy a seamless and intuitive service alongside refreshing food and beverage concepts and flexible spaces suited for work, collaboration or relaxation.

"We are grateful to work with CES Pirie Hotel on the opening of the new Hyatt Regency Adelaide and are excited to bring the Hyatt Regency brand, which has a strong legacy and following, back to this vibrant city," said David Udell, group president, Asia Pacific, Hyatt. "Located in Adelaide's city center, the hotel will provide guests with the tools to stay connected and benefit from the hotel's intuitive and personalized service."

Hyatt Regency Adelaide will be located on Pirie Street in the center of the city's central business district, giving guests unparalleled access to major corporate and government offices as well as shopping and dining venues. When completed, the hotel will offer facilities including more than 8,000 square feet (750 square meters) of event space, a Market Café, a Regency Club, swimming pool, fitness facilities and a rooftop bar.

"The development of the new Hyatt Regency Adelaide will mark an important re-entry into Adelaide for the brand and also fill a key gap in Hyatt's domestic Australian network," said Monika Dubaj, vice president real estate and development, Asia-Pacific, Hyatt. "The hotel is part of our strategy to provide more offerings to travelers as we expand in Australia, with new destinations such as Adelaide and Brisbane that will complement our current portfolio of seven hotels in Sydney, Melbourne, Perth and Canberra."

"Hyatt Regency Adelaide will add to Chip Eng Seng Corporation's strategic presence in Australia," said Mr. Raymond Chia, Executive Director and Group Chief Executive Officer, Chip Eng Seng Corporation. "We have selected Hyatt because of its established reputation and leadership in the hospitality industry. We will work closely with Hyatt to create a hotel which will become an excellent representation of all the elements that make the Hyatt Regency brand so successful over the decades."

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