Hyatt Centric San Isidro Lima and Hyatt Centric Las Condes Santiago Open in Peru and Chile

Two new hotels mark continued brand growth in Latin America

CHICAGO–(BUSINESS WIRE)–Hyatt
Hotels Corporation (NYSE:H) today announced the opening of the
166-room Hyatt Centric Las Condes Santiago, and the opening of the
254-room Hyatt Centric San Isidro Lima on May 7, 2018, marking the Hyatt
Centric brand’s entry into these two South American countries. Hyatt
Centric Las Condes Santiago is the second Hyatt hotel in Chile, joining
Hyatt Place Santiago/Vitacura, and Hyatt Centric San Isidro Lima is the
first Hyatt hotel to open in Peru. Both new hotels are owned and managed
by Talbot Hotels S.A., as part of franchise agreements entered into with
a Hyatt affiliate.

“We are thrilled to announce the openings of Hyatt Centric Las Condes
Santiago and Hyatt Centric San Isidro Lima, which put guests at the
center of the action and encourages exploration and discovery in two of
the main gateway cities in South America,” said George Vizer, senior
vice president, Americas franchise operations, Hyatt. “With these new
additions, Hyatt continues its strong brand growth in Latin America and
the Caribbean, which now feature more than 40 Hyatt hotels.”

Hyatt Centric Las Condes Santiago offers 166 guest rooms featuring a
high-style, eclectic design and modern furnishings with local Chilean
craftsmanship. Floor-to-ceiling windows invite guests to take in skyline
views of the hotel’s unbeatable location right in the center of
Santiago’s financial district, locally known as “Sanhattan.” Its
signature restaurant, Talbó Brasserie, presents upscale, authentic
Chilean cuisine with a French influence, impressing both guests and
local community alike. For moments of relaxation, guests are invited to
take in panoramic skyline views of the Andes Mountains from the striking
rooftop bar and outdoor pool. For meetings and events, Hyatt Centric Las
Condes Santiago offers up to 7,100 square feet of flexible,
technology-equipped space and the support of a dedicated meetings and
events staff.

The first Hyatt hotel in Peru, Hyatt Centric San Isidro Lima is
strategically located on Basadre Avenue near leading global
corporations, foreign embassies, notable restaurants, Huaca Huallamarca
archeological site, and Bosque El Olivar public park. The hotel features
254 spacious guestrooms and suites featuring artwork and design
celebrating renowned Peruvian artists like Pool Guillén, Manuel Figari
and Perci Zorrilla. The hotel’s signature restaurant, Isidro Bistro
Limeño, is a Peruvian-French bistro concept created uniquely for the
hotel by Corporate Executive Chef Carlos Testino in collaboration with
Grupo Aramburu. At sunset, guests can find themselves enjoying tapas and
craft cocktails at Celeste Solar Bar, the perfect rooftop bar to admire
spectacular city views and lounge at the rooftop pool. The hotel also
offers more than 5,900 square feet of flexible meeting and events space
with the latest technology, on-site professionals and creative catering
services.

“We’re proud to work with Hyatt to introduce the Hyatt Centric brand in
Chile and Peru,” said Eduardo Ariztía, chief executive officer, Talbot
Hotels S.A. “We are confident our two newest hotels will stand out among
the competition and deliver great hospitality experiences in Santiago
and Lima.”

Hyatt Centric Las Condes Santiago and Hyatt Centric San Isidro Lima join
the existing Hyatt
Centric Guatemala City in Guatemala, which opened in 2017, and Hyatt
Centric Montevideo in Uruguay, which opened in 2016 as the first
international destination for the Hyatt Centric brand. New Hyatt Centric
developments in the region have been announced in San Salvador and
Barbados.

For more information on Hyatt Centric brand and its range of properties
worldwide, please visit www.hyattcentric.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.

The Hyatt Centric Experience

Hyatt Centric is a brand of full-service lifestyle hotels located in
prime destinations. Created for millennial-minded travelers who want to
be in the middle of the action, Hyatt Centric hotels are thoughtfully
designed to enable exploration and discovery. The lobby lounge is a
launch pad providing guests with information about the most sought after
food, nightlife and activities the destination has to offer. The bar and
restaurant are local hot spots where great conversations, locally
inspired food and signature cocktails can be enjoyed. Streamlined modern
rooms focus on delivering everything guests want and nothing they don’t,
including Beekind’s environmentally conscious bath products,
Bluetooth-enabled electronics and salon-grade blowdryers. A team of
colleagues is always available to recommend local hidden gems to launch
guests’ discovery of the destination. For more information please visit hyattcentric.com.
Follow @HyattCentric on Facebook
and Instagram,
and tag photos with #HyattCentricExplorer.

About Talbot Hotels. S.A.

Talbot SA is a Chilean company constituted in 1993 that manages the
franchise of 8 hotels in Chile and Argentina that belong to
Intercontinental Hotels Group, under the brands Holiday Inn and Holiday
Inn Express. The company has presence in Chile´s main cities and the
city of Buenos Aires. All hotels offer optimal access and location, as
well as excellence in service and hospitality delivered by a warm and
efficient team.

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.

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; 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.

Contacts

MEDIA CONTACTS:
Carla Santiago
Hyatt ? Latin America
and Caribbean
+1 617 233 2622
carla.santiago@hyatt.com
or
Gloria
Kennett
Hyatt
312-780-5506
gloria.kennett@hyatt.com