Hyatt Announces the Rebranding of Andaz Wall Street to Hyatt Centric Wall Street New York; The lifestyle hotel is expected to resume operations on January 26, 2022

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CHICAGO - Hyatt Hotels Corporation (NYSE: H) announced today the rebrand of Andaz Wall Street to Hyatt Centric Wall Street New York. The hotel, which is expected to resume operations and begin welcoming guests on January 26, 2022, will be managed by Blue Sky Hospitality Solutions (BSHS). Bringing a modern lifestyle hotel experience to Lower Manhattan, the hotel features a design that offers a vibrant, playful interpretation of the iconic city in which it resides. The property's guestrooms were modernized in 2019, and the lobby was recently enhanced to reflect the contemporary design of the Hyatt Centric brand. The hotel's ownership group, Navika Group of Companies, plans to invest approximately $5 million to further reimagine the property over the next several years.

Rebranding Andaz Wall Street to Hyatt Centric Wall Street New York was a strategic decision based on the hotel's location in the heart of the world's most exciting city, a key brand differentiator for the Hyatt Centric brand, which is known to embrace the locale and inspire exploration. The hotel is ideally situated at 75 Wall Street and offers a premier location for savvy travelers to discover the best that New York City has to offer with premium lifestyle accommodations in the heart of Wall Street.

Hyatt Centric Wall Street New York Lobby Rendering

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Hyatt Centric Wall Street New York Lobby Rendering

Upon entering the lobby, guests will be introduced to a modern design aesthetic where large scale artwork from local artists captures the essence of downtown New York City while textured layers with pops of color will offer points of interest throughout the public spaces. The 253 guestrooms combine upscale, modern comfort with layers of tactile discovery and offer walk-in rain showers, hardwood floors and 12' foot ceilings with oversized windows. In addition, guestrooms will feature shareworthy art and styling elements that celebrate the character of the destination and signature brand amenities including a cozy, Hyatt Centric bathrobes, exclusive Beekind high-end, socially conscious bath amenities, and a Drybar hair dryer in each guestroom.

On January 26, the hotel will also celebrate the re-opening of the Wall & Water restaurant, an open-air eatery concept serving breakfast and dinner, which will be led by New York chef and food and beverage director Alan Ashkinaze. Hyatt Centric Wall Street New York will also provide a new dining experience that will serve as the social center of the hotel and a destination that will meet every guest's needs. The property also offers more than 10,000 square feet of meeting event space to accommodate groups of all sizes.

Hyatt Centric Wall Street New York will be led by veteran industry expert, David Cohen, who has been named as the hotel's general manager. Cohen joins the property team having led luxury properties such as the Five-Star Hotel Plaza Athenee, and The Ritz-Carlton, Waldorf Astoria and Four Seasons in New York.

To book a reservation or for further information, please visit hyattcentricwallstreetnewyork.com.

Guided by its purpose of care, Hyatt's multi-layered Global Care & Cleanliness Commitment further enhances its operational guidance and resources around colleague and guest safety and peace of mind. More information on Hyatt's commitment can be found here: hyatt.com/care-and-cleanliness.

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

For further information:

Hyatt Centric

Hyatt Centric is a brand of full-service lifestyle hotels located in prime destinations. Created to connect guests to the heart of the action, Hyatt Centric hotels are thoughtfully designed to enable exploration and discovery so they never miss a moment of adventure. Each hotel offers social spaces to connect with others in the lobby, meanwhile 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. A passionately engaged team is there to provide local expertise on the best food, nightlife and activities the destination has to offer. For more information, please visit hyattcentric.com. Follow @HyattCentric on Facebook and Instagram, and tag photos with #HyattCentric.

Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose - to care for people so they can be their best. As of September 30, 2021, Hyatt's portfolio included more than 1,000 hotel and all-inclusive properties in 69 countries across six continents, and the acquisition of Apple Leisure Group added 96 properties in 10 countries as of November 1, 2021. Hyatt's offerings include the Park Hyatt, Miraval, Grand Hyatt, Alila, Andaz, The Unbound Collection by Hyatt, Destination by Hyatt, Hyatt Regency, Hyatt, Hyatt Ziva, Hyatt Zilara, Thompson Hotels, Hyatt Centric, Caption by Hyatt, JdV by Hyatt, Hyatt House, Hyatt Place, UrCove, and Hyatt Residence Club brands, as well as resort and hotel brands under the AMR Collection, including Secrets Resorts & Spas, Dreams Resorts & Spas, Breathless Resorts & Spas, Zoetry Wellness & Spa Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas. Hyatt's subsidiaries operate the World of Hyatt loyalty program, ALG Vacations, Unlimited Vacation Club, Amstar DMC destination management services, and the Trisept Solutions travel technology platform. 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 actual results to differ materially from current expectations include, but are not limited to, risks associated with the consummation of the Apple Leisure Group ('ALG') acquisition, including the related incurrence of material additional indebtedness; our ability to successfully integrate ALG's employees and operations into ours; the ability to realize the anticipated benefits of the acquisition of ALG as rapidly or to the extent anticipated; the duration of the COVID-19 pandemic and the pace of recovery following the pandemic, any additional resurgence, or COVID-19 variants; the short and longer-term effects of the COVID-19 pandemic, including the demand for travel, transient and group business, and levels of consumer confidence; the impact of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants, and the impact of actions that governments, businesses, and individuals take in response, on global and regional economies, travel limitations or bans, and economic activity, including the duration and magnitude of its impact on unemployment rates and consumer discretionary spending; 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lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, including as a result of the COVID-19 pandemic, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and ALG's membership offering; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; violations of regulations or laws related to our franchising business; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission ('SEC'), including our annual report on Form 10-K and our Quarterly Reports on Form 10-Q, which filings are available from the SEC. 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.

Media Contact

Jordan Hinke

Hyatt

[email protected]

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