Hyatt Announces Plans for Hyatt Regency Bloomington Central Station

CHICAGO--(BUSINESS WIRE)--

Hyatt Hotels Corporation H announced today that a Hyatt affiliate has entered into a franchise agreement with an affiliate of McGough Development for a Hyatt Regency hotel in Bloomington, Minnesota. Hyatt Regency Bloomington Central Station is expected to open in early 2016 and will be managed by Aimbridge Hospitality.

The 302-room Hyatt Regency Bloomington Central Station hotel is the centerpiece of Bloomington Central Station, a transit-oriented, mixed-use urban village. The development will also include residential, retail and Class A office components. The Bloomington Central Station will be connected via light rail to the Mall of America and its numerous shopping and entertainment attractions, both airport terminals at Minneapolis-St. Paul International Airport, the University of Minnesota Twin Cities campus, the Metrodome, and Downtown Minneapolis' business and entertainment districts.

Hyatt Regency Bloomington Central Station will feature 17,000 square feet of meeting and prefunction space, including an 8,250 square-foot ballroom. The hotel will also include a three-meal restaurant, a bar and lounge, an indoor pool, a fitness center, a market and coffee shop, and business center.

“The City of Bloomington is world famous for being the home of Mall of America, which attracts visitors from around the globe, and we are thrilled that Bloomington Central Station will feature another world renowned brand, Hyatt Regency,” said Greg Munson, Executive Vice President of McGough Development. “We believe that leveraging the strength and innovation of the Hyatt Regency brand as part of the mixed-use complex will attract business and leisure travelers from across the region.”

“We are delighted to enhance Hyatt's brand presence in the Minneapolis-St. Paul metroplex with the first Hyatt Regency in the City of Bloomington, Minnesota,” said David Tarr, senior vice president, real estate and development, Americas for Hyatt. “We are very excited to further build on Hyatt's excellent portfolio of hotels in the Twin Cities.”

Hyatt continues to grow its portfolio across all brands globally. As of March 31, 2014, the Company's executed contract base consisted of approximately 240 hotels or approximately 54,000 rooms. For more information, please visit www.hyattdevelopment.com.

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation or one or more of its affiliates.

About McGough Development

McGough Development is an affiliate of McGough Construction. The companies, collectively known as McGough, offer full-service real estate capabilities and deliver a unique blend of expertise, including construction, architectural, project development and financing, land-use planning, and more. McGough is headquartered in St. Paul, Minnesota with branch offices in St. Cloud, Duluth, and Rochester, Minnesota; Cedar Rapids, Iowa; and Phoenix, Arizona. The company's 50-acre Bloomington Central Station redevelopment site is located immediately east of the Mall of America and includes lodging, corporate office, multi-family, and community space projects. To learn more, visit www.mcgough.com.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a proud heritage of making guests feel more than welcome. Thousands of members of the Hyatt family strive to make a difference in the lives of the guests they encounter every day by providing authentic hospitality. The Company's subsidiaries manage, franchise, own and develop hotels and resorts under the Hyatt®, Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place®, Hyatt House®, Hyatt Zilara™ and Hyatt Ziva™ brand names and have locations on six continents. Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt Residences® and Hyatt Residence Club®. As of March 31, 2014, the Company's worldwide portfolio consisted of 554 properties in 47 countries. For more information, please visit www.hyatt.com.

Forward-Looking Statements

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