Market Overview

Hyatt Announces Plans for a Hyatt Regency Hotel in Budapest

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Hyatt Regency Budapest will mark the brand's entry into the Hungarian
capital

Hyatt
Hotels Corporation
(NYSE:H) announced today that a Hyatt affiliate
has entered into a management agreement with Városház Utca Projekt
Ingatlanforgalmazó Kft. for the first Hyatt Regency hotel in Budapest,
Hungary. The 231-room property is expected to open in early 2020.

Hyatt Regency Budapest will be located in the landmark building
Postapalota, the former postal office on Petőfi Sándor Street. Situated
near the vibrant Váci Street and a five-minute walk to the Danube river,
this upscale hotel will provide the perfect setting for business and
leisure travelers to connect with the city.

"The development of Hyatt Regency Budapest demonstrates Hyatt's
commitment to growing the Hyatt Regency brand footprint throughout
Central and Eastern Europe," said Takuya Aoyama, vice president
development, Eastern Europe, Russia & CIS at Hyatt. "We look forward to
working with Városház Utca Projekt Ingatlanforgalmazó Kft and believe
business and leisure travelers will find the Hyatt Regency Budapest to
be intuitive and seamless throughout their stay in the city."

Hyatt Regency Budapest will be an ideal destination for every occasion –
from business meetings to memorable family vacations. The hotel will
offer spacious guest rooms, generous business facilities with a 4,197
square foot ballroom and more than 6,673 square feet of meeting space.
Further amenities include a lavish spa, state-of-the-art fitness
facilities and an indoor swimming pool. The hotel's bar and restaurant
will be situated within the inner courtyard of the former post office
building, offering guests a space to collaborate and socialize with
colleagues, relax with friends or family, and recharge during their busy
stay in the city.

"We are delighted to bring this landmark building back to life," said
Dr. Michael Hutter, owner of Városház Utca Projekt Ingatlanforgalmazó
Kft. "We believe the globally recognized Hyatt Regency brand will help
further transform Petőfi Sándor Street to become a sought-after
destination for shopping, dining and culture. It's an honor for us to be
part of this process and we believe the hotel will be a successfull
development."

Hyatt Regency Budapest adds to Hyatt's growing brand footprint in
Hungary and Central & Eastern Europe, which will include the recently
announced Párisi Udvar, part of The Unbound Collection by Hyatt, located
on Ferenciek Square on the Pest side of the city. Further additions in
the region will include Hyatt Regency Zadar Maraska, Croatia and Hyatt
Regency Sofia, Bulgaria.

For more information, please visit www.hyattregency.com.

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

About Hyatt Regency

The Hyatt Regency brand prides itself on connecting travelers to who and
what matters most to them. More than 180 conveniently located Hyatt
Regency urban and resort locations in over 30 countries around the world
serve as the go-to gathering space for every occasion – from efficient
business meetings to memorable family vacations. The brand offers a
one-stop experience that puts everything guests need right at their
fingertips. Hyatt Regency hotels and resorts offer a full range of
services and amenities, including the space to work, engage or relax;
notable culinary experiences; technology-enabled ways to collaborate;
and expert event planners who can take care of every detail. For more
information, please visit www.hyattregency.com.
Follow @HyattRegency on Facebook,
Twitter
and Instagram,
and tag photos with #AtHyattRegency.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a portfolio of 14 premier brands. As of March
31, 2018, the Company's portfolio included more than 700 properties in
more than 50 countries across six continents. The Company's purpose to
care for people so they can be their best informs its business decisions
and growth strategy and is intended to attract and retain top
colleagues, build relationships with guests and create value for
shareholders. The Company's subsidiaries develop, own, operate, manage,
franchise, license or provide services to hotels, resorts, branded
residences, vacation ownership properties, and fitness and spa
locations, including under the Park Hyatt®, Miraval®, Grand
Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound
Collection by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Ziva
,
Hyatt Zilara
, Hyatt Residence Club® and exhale®
brand names. For more information, please visit www.hyatt.com.

About Városház Utca Projekt Ingatlanforgalmazó Kf

Városház Utca Projekt Ingatlanforgalmazó Kft, belongs to the Dr. Hutter
company group, owned by Mr. Dr. Michael J. Hutter, with a broad
international business portfolio. Among others, to the Dr. Hutter
company group belong several exclusive 4* superior and 5* hotels and
resorts in best locations worldwide in partnership with Private Palace &
Resorts in Malta (https://www.privatepalacehotels.com),
renowned Private Clinics in Germany (http://www.eilenriedeklinik.de/
, https://www.klinik-am-zuckerberg.de/
), supplier for medical goods (http://www.compri-laser-systems.com/)
and a publishing company.

FORWARD-LOOKING STATEMENTS

Forward-Looking Statements in this press release, which are not
historical facts, are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995.
Our actual
results, performance or achievements may differ materially from those
expressed or implied by these forward-looking statements. In some cases,
you can 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" and variations of these terms and similar expressions,
or the negative of these terms or similar expressions. Such
forward-looking statements are necessarily based upon estimates and
assumptions that, while considered reasonable by us and our management,
are inherently uncertain. Factors that may cause our actual results,
performance or achievements to differ materially from current
expectations include, among others, the rate and pace of economic
recovery following economic downturns; levels of spending in business
and leisure segments as well as consumer confidence; declines in
occupancy and average daily rate; the financial condition of, and our
relationships with, third-party property owners, franchisees and
hospitality venture partners; the possible inability of third-party
owners, franchisees or development partners to access the capital
necessary to fund current operations or implement our plans for
growth; risks associated with potential acquisitions and dispositions
and the introduction of new brand concepts; failure to successfully
complete proposed transactions (including the failure to satisfy closing
conditions or obtain required approvals); changes in the competitive
environment in our industry, including as a result of industry
consolidation, and the markets where we operate; general volatility of
the capital markets and our ability to access such markets; and other
risks discussed in the Company's filings with the U.S. Securities and
Exchange Commission, including our Annual Report on Form 10-K, which
filings are available from the U.S. Securities and Exchange
Commission. These factors are not necessarily all of the important
factors that could cause our actual results, performance or achievements
to differ materially from those expressed in or implied by any of our
forward-looking statements.
We caution you not to place undue
reliance on any forward-looking statements, which are made only as of
the date of this press release. We undertake no obligation to update
publicly any of these forward-looking statements to reflect actual
results, new information or future events, changes in assumptions or
changes in other factors affecting forward-looking statements, except to
the extent required by applicable law. If we update one or more
forward-looking statements, no inference should be drawn that we will
make additional updates with respect to those or other forward-looking
statements.

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