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MarketScreener Homepage  >  Equities  >  Nyse  >  Hyatt Hotels Corporation    H

HYATT HOTELS CORPORATION

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Hyatt Hotels : The Park Hyatt Brand Celebrates Debut of Park Hyatt Kyoto; The 70-room luxury guesthouse in Japan's ancient capital offers a journey of discovery through refined cultural and culinary experiences

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11/06/2019 | 06:35am EST

CHICAGO - Hyatt Hotels Corporation (NYSE: H) announced today the opening of Park Hyatt Kyoto. Set in the heart of this noble city with centuries of history and heritage, Park Hyatt Kyoto unfolds a journey of discovery with enriching, sophisticated and rare experiences.

Park Hyatt Kyoto is located in one of the city's best-preserved historic districts, Higashiyama hills. The region, known as the birthplace of traditions such as the Japanese tea ceremony, the Ikebana flower arrangement and Japanese Zen gardens, will offer a rich foundation for the hotel. Park Hyatt Kyoto embodies the quintessential Japanese guesthouse, offering a serene Higashiyama hillside retreat for discerning global travelers and local residents. The hotel is next to Kodai-ji temple and within walking distance to many of Kyoto's UNESCO World Heritage sites, including Kiyomizu-dera temple, and offers sweeping views of the city and Yasaka Pagoda. Park Hyatt Kyoto is located less than one mile (1.5 kilometers) from the Kyoto train station, which connects travelers to Tokyo in just over two hours via the Nozomi Shinkansen bullet train.

'We are delighted to celebrate the opening of Park Hyatt Kyoto, the second Park Hyatt hotel in Japan in 25 years, and to offer guests a refined home-away-from-home in this remarkable city,' said David Udell, group president, Asia Pacific, Hyatt. 'We are grateful to the hotel's owners, Kyoyamato and Takenaka Corporation, for their trust, support and deep understanding of luxury hospitality. Park Hyatt Kyoto is a celebration of Japanese harmony and tranquility and we look forward to seeing guests immerse themselves in the city's inspiring heritage and culture.'

Located within the same grounds as Park Hyatt Kyoto, guests can find a historic garden with steps leading to Kyoyamato, a traditional ryotei and culinary institution which opened in 1877 and serves authentic, seasonally inspired Kaiseki cuisine. Kyoyamato, one of the hotel's owners, is a seven-generation, family-run business and consists of several historic buildings including 'Soyotei,' a teahouse from the Edo era with a private room where feudal warlords once secretly met. Its storied gardens and traditional houses complement the hotel's modern interpretation of classical Japanese architecture and intimate hospitality.

'We are excited to introduce the Park Hyatt brand of personal and exceptional hospitality in a special place like Kyoto and look forward to unlocking the unique character of Japan's ancient capital of high arts and craft,' said Mark de Leeuwerk, general manager, Park Hyatt Kyoto. 'It has been a privilege for us to work closely with our neighbors in Higashiyama as well as the artisans and craftsmen of this beautiful city.'

Concept and Design

Park Hyatt Kyoto is a modern interpretation of Japanese hospitality steeped in culture and place, immersing guests in nature. Jointly developed by Takenaka Corporation - one of the largest architecture, engineering, and construction firms in Japan, and Tony Chi and Associates, an award-winning interior design firm - the hotel's design and construction incorporates traditional Japanese design, architecture and artisanal craftsmanship. Several historic buildings including an Edo-era teahouse, as well as the Japanese garden that is central to the site, have been preserved and carefully restored.

Guestrooms

The low-rise hotel features 70 guest rooms, including nine suites, offering calm and respite from the bustle of Higashiyama's neighboring streets. The elegantly designed rooms and suites highlight local craftsmanship and materials such as fragrant Tamo wood, original artwork and Zen garden views.

Drinking and Dining

Park Hyatt Kyoto offers guests and visitors four distinct culinary venues:

Kyoto Bistro is a casual, street-side cafe featuring international and Japanese comfort food prepared with locally sourced and organic ingredients in a lively, open kitchen. All dishes are served on handmade earthenware exclusively created for the hotel by Asahiyaki, a local pottery master with a heritage of over 400 years in Uji, a city south of Kyoto.

Bathed in natural light during the day and the lingering scent of Tamo wood from the open fireplace, The Living Room welcomes guests to start their day with an authentic Japanese breakfast expertly prepared by Kyoyamato or an afternoon enjoying tea and light snacks.

Yasaka's team of skilled chefs demonstrate their elevated cooking skills on the Japanese 'teppan,' or 'steel plate,' which guests can enjoy alongside the breathtaking views of Kyoto's famous Yasaka Pagoda.

After the stimulating teppanyaki action at Yasaka, guests can head next door to Kohaku, where a fine collection of rare and craft spirits, including artisanal whiskey, sake, and gin made in Kyoto, awaits. The intimate bar exudes a warm, classic atmosphere with its dark woods and leather textures.

Events and Wedding

Park Hyatt Kyoto is positioned to be the city's premier location for unique, timeless, and crafted experiences inspired by the tradition and majesty surrounding the hotel and the city. Alongside views of a Tsuboniwa Japanese garden, the elegant ballroom offers 2,153 square feet (200 square meters) of event space and multi-functional meeting facilities, a show kitchen, foyer and the latest audio-visual system.

Wellness

A tranquil heaven, The Spa at Park Hyatt Kyoto, has a treatment suite for two with a private bath house including Japanese-style bathtubs, as well as dry and mist saunas. The signature treatment features an original signature oil developed by Kotoshina, a Kyoto-based organic skincare brand using locally harvested green tea. The spa and adjacent wellness center are open only to guests staying at the hotel.

Special Offer

To provide World of Hyatt members even more ways to be rewarded, World of Hyatt is offering members the opportunity to earn 500 Bonus Points for qualifying nights at Park Hyatt Kyoto from October 30, 2019 to January 31, 2020 part of World of Hyatt's new hotel member offer. Additional participating hotels and their offer stay periods can be found at worldofhyatt.com/newhotelbonus. No registration is required and members can earn on top of other offers.

Terms & Conditions

Offer valid for 500 Bonus Points for each qualifying night stayed by World of Hyatt members in good standing during a hotel's offer period at participating hotels and resorts. Offer valid at participating hotels and resorts for stays with a checkout date during each hotel's offer period. For each hotel's offer period, visit worldofhyatt.com/newhotelbonus. To be eligible for this offer you must be a World of Hyatt member in good standing at time of reservation and stay, stay at a participating hotel with a checkout date during that hotel's offer period, provide your World of Hyatt membership number at time of check-in, and either pay an Eligible Rate or redeem a free night award. An 'Eligible Rate' and 'Ineligible Rate' are defined in the World of Hyatt Terms and Conditions (located at worldofhyatt.com/terms). Only one point bonus may be earned per member, per stay, regardless of the number of rooms booked. Only the room occupied by the member will count toward this offer. Two or more consecutive nights at the same hotel will be deemed one stay. All points awarded under this offer are Bonus Points. This offer is subject to the complete terms and conditions of the World of Hyatt program. Please allow 3-4 weeks after travel is completed for World of Hyatt Bonus Points to be credited to your Account. To join World of Hyatt, visit worldofhyatt.com. Qualifying nights will automatically be tracked when you provide your World of Hyatt membership number at check-in. A limited number of rooms are allocated to this offer; reservations subject to availability. Offer not valid with groups, conventions, other promotional offers, tour packages or special rate programs. Promotional blackout periods may apply due to seasonal periods or special events, and normal arrival/departure restrictions apply. Hyatt reserves the right to alter or withdraw this offer at any time without notice. The trademarks Hyatt, World of Hyatt and related marks are trademarks of Hyatt Corporation or its affiliates. 2019 Hyatt Corporation. All rights reserved. For additional information, visit worldofhyatt.com/newhotelbonus.

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:

About Park Hyatt

Park Hyatt hotels provide discerning, global travelers with a refined home-away-from-home. Guests of Park Hyatt hotels receive quietly confident and personalized service in an enriching environment. Located in several of the world's premier destinations, each Park Hyatt hotel is custom designed to combine sophistication with understated luxury. Park Hyatt hotels feature well-appointed guestrooms, world-renowned artwork and design, rare and immersive culinary experiences, and signature restaurants featuring award-winning chefs. As of June 30, 2019, there are 40 Park Hyatt hotels in the following locations: Abu Dhabi, Bangkok, Beaver Creek, Beijing, Buenos Aires, Busan, Canberra, Changbaishan, Carlsbad, Chennai, Chicago, Dubai, Guangzhou, Hamburg, Hangzhou, Hyderabad, Istanbul, Jeddah, Maldives, Mallorca, Melbourne, Mendoza, Milan, Moscow, New York, Ningbo, Paris, Saigon, Sanya, Seoul, Shanghai, Siem Reap, St. Kitts, Sydney, Tokyo, Toronto (under renovation), Vienna, Washington, D.C., Zanzibar, and Zurich. For more information, please visit parkhyatt.com. Follow @ParkHyatt on Facebook, Twitter and Instagram, and tag photos with #LuxuryIsPersonal.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 20 premier brands. As of June 30, 2019, the Company's portfolio included more than 875 properties in over 60 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, Alila, Andaz, The Unbound Collection by Hyatt, Destination, Hyatt Regency, Hyatt, Hyatt Ziva, Hyatt Zilara, Thompson Hotels, Hyatt Centric, Caption by Hyatt, Joie de Vivre, Hyatt House, Hyatt Place, tommie, Hyatt Residence Club and Exhale brand names, and operates the World of Hyatt loyalty program that provides distinct benefits and exclusive experiences to its valued members. For more information, please visit www.hyatt.com.

MEDIA CONTACTS

Chie Hayakawa

Hyatt - Japan and Micronesia

+813 3222 4088

Chie.Hayakawa@hyatt.com

Gloria Kennett

Hyatt

312 780 5506

Gloria.Kennett@hyatt.com

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2019 4 927 M
EBIT 2019 231 M
Net income 2019 433 M
Debt 2019 976 M
Yield 2019 0,90%
P/E ratio 2019 20,3x
P/E ratio 2020 46,6x
EV / Sales2019 1,94x
EV / Sales2020 1,94x
Capitalization 8 576 M
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Number of Analysts 22
Average target price 80,95  $
Last Close Price 83,47  $
Spread / Highest target 18,6%
Spread / Average Target -3,02%
Spread / Lowest Target -18,5%
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NameTitle
Mark Samuel Hoplamazian President, Chief Executive Officer & Director
Thomas J. Pritzker Executive Chairman
H. Charles Floyd Global President-Operations &Executive VP
Joan Bottarini Chief Financial Officer & Executive Vice President
Alex D. Zoghlin EVP & Global Head-Technology & Strategy
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