Hyatt Announces Plans for Hyatt House Niseko, Japan

November 14, 2018 - 06:47
Hyatt Announces Plans for Hyatt House Niseko, Japan

The Hyatt House brand will make itsdebut in Hokkaido in December 2018


HONG KONG, CHINA - Media OutReach - November 14, 2018 - Hyatt announced today that a Hyattaffiliate has entered into a management agreement with Hokkaido Alpine ResortManagement GK, an affiliate of LimeTree Capital, for a 91-room Hyatt House hotelin Niseko, Japan. The upscale, extended stay hotel will be rebranded as HyattHouse Niseko on December 16, 2018. Situated in the very heart of Hirafu Villageand within a short distance to Hirafu's main ski lifts, Hyatt House Niseko willallow guests to easily access the area's world-class powder snow and village attractions.

 

The HyattHouse brand is rooted in extensive consumer insights indicatingthat guests seek stylish, comfortable, seamless experiences that accommodatetheir lifestyles and familiar routines. To embody this, the brand offers casualhospitality and purposeful service in a smartly designed, high-tech andcontemporary environment.

 

"We are excited to introduce the Hyatt House brandto Niseko, which will become another quality addition to our growing HyattHouse hotel portfolio in Japan. It has been a remarkable journey for the HyattHouse brand, which announced its entry into the country last year with plansfor Hyatt HouseKanazawa. Niseko boasts exceptional skiing conditionswith an average snowfall of 15 meters over a long 100 days per season," saidAsia Pacific Group President David Udell, Hyatt Hotels Corporation. "The HyattHouse brand will nicely align with the hotel accommodation travelers arelooking for when they visit Niseko. Hyatt House Niseko will offer guestsupscale, apartment-style accommodation in a comfortable setting tailored totheir lifestyles and has all the conveniences of a home." 

 

Ewan Munro, SeniorPartner at LimeTree Capital commented: "Niseko has witnessed healthydevelopment over the past ten years and is firmly established as Asia's leadingbranded ski resort destination. We are strong believers that the growth inNiseko will continue, becoming a year-round destination driven by strong Asiandemand. Improved access, investment in infrastructure, international standardsand additional branded developments will further strengthen the destination.Shiki Niseko building was our first acquisition in Niseko and we have investedsignificant funds and efforts towards the transformation of the building into amodern and vibrant mountain lifestyle destination with a unique mix ofhospitality, exciting F&B and entertainment which includes some of Niseko'sfavorite venues."

 

New Chitose Airport,Japan's fifth busiest airport, serves Niseko and accommodates internationalflights from 14 major Asian cities, including Seoul, Hong Kong, Taipei, Bangkok,Singapore, Shanghai, and Beijing. In 2015, international visitorarrivals increased from 800,000 in 2009 to more than 2.1 million, a compoundannual growth rate of 17.7 percent over a seven-year period.

 

The new Hyatt HouseNiseko will be comprised of 91 rooms, lobby lounge and bar, restaurant, and afitness center. Situated at the center of Hirafu Village, guests will have easyaccess to a number of traditional Japanese dining outlets, boutique shops and Hirafu'smain ski lifts.

 

For more informationabout Hyatt House hotels, please visit www.hyatthouse.com.

 

Theterm "Hyatt" is used in this release for convenience to refer to Hyatt HotelsCorporation and/or one or more of its affiliates.

 

AboutHyatt House

Hyatt House, a brand of Hyatt Hotels Corporation, launched in2012 and offers more than 85 locations throughout the United States, China,Germany, Mexico, Turkey, and Puerto Rico. Inspired by extensive research intoguest experiences, Hyatt House hotels offer services, amenities, upscale spacesand a casual, comfortable environment that reminds guests of home. For moreinformation, please visit hyatthouse.com. Jointhe conversation on Facebook, andtag photos with #HyattHouse.

 

AboutLimeTree Capital

LimeTree Capital is a leading private equity investmentmanager with a focus on under-researched real estate asset classes that aredriven by the growing affluence of the middle-class in Asia.  It currently has approximately US$1 billionof assets under management across several investment strategies in Asia'sleading branded resort destinations, car parking assets in China and broaderasset re-positioning and enhancement opportunities across Asia.  It has offices in Hong Kong, Shanghai andBangkok.

 

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquarteredin Chicago, is a leading global hospitality company with a portfolio of 14premier brands. As of September 30, 2018, the Company's portfolio included morethan 750 properties in more than 55 countries across six continents. The Company'spurpose to care for people so they can be their best informs its businessdecisions and growth strategy and is intended to attract and retain topcolleagues, build relationships with guests and create value for shareholders.The Company's subsidiaries develop, own, operate, manage, franchise, license orprovide services to hotels, resorts, branded residences, vacation ownershipproperties, and fitness and spa locations, including under the ParkHyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®,The Unbound Collection by Hyatt®, Hyatt Place®, HyattHouse®, Hyatt Ziva, Hyatt Zilara, HyattResidence Club® and Exhale® brand names.For more information, please visit www.hyatt.com.

 

Forward-LookingStatements

Forward-LookingStatements in this press release, which are not historical facts, areforward-looking statements within the meaning of the Private SecuritiesLitigation Reform Act of 1995.  Ouractual results, performance or achievements may differ materially from thoseexpressed or implied by these forward-looking statements. In some cases, youcan identify forward-looking statements by the use of words such as "may,""could," "expect," "intend," "plan," "seek," "anticipate," "believe,""estimate," "predict," "potential," "continue," "likely," "will," "would" andvariations of these terms and similar expressions, or the negative of theseterms or similar expressions. Such forward-looking statements are necessarilybased upon estimates and assumptions that, while considered reasonable by usand our management, are inherently uncertain. Factors that may cause our actualresults, performance or achievements to differ materially from currentexpectations include, among others, the rate and pace of economic recoveryfollowing economic downturns; levels of spending in business and leisuresegments as well as consumer confidence; declines in occupancy and averagedaily rate; the financial condition of, and our relationships with, third-partyproperty owners, franchisees and hospitality venture partners; the possibleinability of third-party owners, franchisees or development partners to accessthe capital necessary to fund current operations or implement our plans forgrowth; risks associated with potential acquisitions and dispositions and theintroduction of new brand concepts; changes in the competitive environment inour industry, including as a result of industry consolidation, and the marketswhere we operate; general volatility of the capital markets and our ability toaccess such markets; and other risks discussed in the Company's filings withthe U.S. Securities and Exchange Commission, including our Annual Report onForm 10-K, which filings are available from the U.S. Securities and ExchangeCommission. These factors are not necessarily all of the important factors thatcould cause our actual results, performance or achievements to differmaterially from those expressed in or implied by any of our forward-lookingstatements.  We caution you not to placeundue reliance on any forward-looking statements, which are made only as of thedate of this press release. We undertake no obligation to update publicly anyof these forward-looking statements to reflect actual results, new informationor future events, changes in assumptions or changes in other factors affectingforward-looking statements, except to the extent required by applicable law. Ifwe update one or more forward-looking statements, no inference should be drawnthat we will make additional updates with respect to those or otherforward-looking statements.


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