Hyatt's New Brands Reach Development Milestone
Brings Hyatt Place and Hyatt Summerfield Suites to 100 Approved Projects and 250 Hotels Nationwide
OCTOBER 1, 2007. Global Hyatt Corporation today announced Hyatt Place and Hyatt Summerfield Suites, its upscale select-service and extended-stay brands, reached a new milestone: a combined total of 100 approved new hotels, adding to the 150 hotels open and soon to open. These new additions will propel the combined Hyatt Place and Hyatt Summerfield Suites system to 250 hotels nationwide.
'We reached this impressive milestone of 100 new deals and 250 chain-wide hotels for our two new brands quickly - just over one year - primarily because of Global Hyatt's reputation and ability to command a premium RevPAR and tremendous success of the Hyatt Place and Hyatt Summerfield Suites hotels we have open to date,' said Chris Ivy, senior vice president of real estate and development. 'Global Hyatt firmly believes these brand categories will fuel the industry and company's growth over the next few years and thanks to the success we've already experienced, the growth of Hyatt Place and Hyatt Summerfield Suites will be driven by the most prestigious developers in the business.'
'With Hyatt Place and Hyatt Summerfield Suites, Global Hyatt offers the modern style, lifestyle-oriented service offerings and high-tech amenities today's travelers look for at a competitive cost per key,' said Daniel Daniele, President & COO, Corporex Select Service Hotels. 'We're confident that the design, service and amenities of Hyatt Place and Hyatt Summerfield Suites will re-energize travelers and allow us earn a premium RevPAR and returns to our investors.'
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 
