Hyatt Affiliate Signs With Umm Alqura to Develop Grand Hyatt Branded Hotel in Makkah

USA, Chicago, Illinois. April 14, 2020

Hyatt Hotels Corporation (NYSE: H) announced that a Hyatt affiliate has entered into a management agreement with Umm Alqura for development and construction of a Grand Hyatt branded hotel in the Holy City of Makkah in the Kingdom of Saudi Arabia. Located in close proximity to the Grand Mosque, the hotel will be an integral component of the King Abdul Aziz Road (KAAR) mixed-use urban development project, designed to support one of the fastest-growing religious tourism markets in the world.

"The Kingdom of Saudi Arabia is one of Hyatt's prime focus areas within the Middle East," said Ludwig Bouldoukian, regional vice president of development, Middle East and North Africa for Hyatt. "The country's significant strides to boost tourism complements our own commitment to creating a pipeline in markets that matter most to guests and World of Hyatt members. Consequently, the opening of Grand Hyatt Makkah will strengthen the Kingdom's vision to attract more tourists and offer guests an elevated, luxury experience with plans to open further properties in the Holy City in the near future."

Slated to open in January 2025, Grand Hyatt Makkah will be the first Grand Hyatt hotel in Makkah and the second Grand Hyatt hotel in the Kingdom of Saudi Arabia, joining Grand Hyatt Al Khobar which is slated to open in 2020. The hotel is uniquely designed to celebrate iconic cultural facets and evoke a welcoming service to create exceptional moments for its guests. Grand Hyatt Makkah will feature interiors that integrate materials and artwork representing Islamic tradition, whilst maintaining the detailed design and luxurious services synonymous with the Grand Hyatt brand.

"Grand Hyatt Makkah represents a prestigious addition to the King Abdul Aziz Road project, which will contribute to our goal of better serving the needs of visitors and residents in Makkah," said Yasser Abuateek, CEO of Umm Alqura for Development and Construction. "One of our key ambitions is also to add value to the local real estate market, and by introducing globally renowned brands we are making significant strides towards achieving this objective. We look forward to further exciting announcements as our project continues to move forward with enhancing Makkah's transport and tourism infrastructure in support of Vision 2030, the Kingdom's inspiring roadmap for the future."

"We are delighted to work with Umm Alqura to open the first Grand Hyatt hotel in the Holy City of Makkah," said Peter Fulton, group president - Europe, Africa, Middle East and Southwest Asia, Hyatt. "The Kingdom's plan is to attract more than 30 million tourists by 2030 and we are proud to be able to contribute to this vision. Grand Hyatt Makkah is set to become a captivating destination of its own, welcoming both visitors and pilgrims to this important cultural and religious destination."

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