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MarketScreener Homepage  >  Equities  >  Nyse  >  Hyatt Hotels Corporation    H

HYATT HOTELS CORPORATION

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Hyatt Hotels : and San Francisco International Airport Proudly Announce Opening of Grand at SFO; SFO's only on-airport hotel brings elevated experiences to 'The City by the Bay'

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10/08/2019 | 08:10am EST

SAN FRANCISCO - Hyatt Hotels Corporation (NYSE: H) and San Francisco International Airport today announced the opening of Grand Hyatt at SFO, which is now accepting guests. As the only on-airport hotel at San Francisco International Airport, the $237 million luxury hotel sits on 4.2-acres and features 351 rooms with 22 suites, 14,435 square feet of well-appointed meeting and event space, two distinct culinary concepts, and an impressive art collection that was curated exclusively for the hotel by the San Francisco Arts Commission.

'With the opening of Grand Hyatt at SFO, we offer travelers a new benchmark in airport hospitality,' said Airport Director Ivar C. Satero. 'The new hotel reflects our commitment to deliver a world-class experience for our guests, with seamless access via our AirTrain system, sustainable building design, thoughtful service and amenities, and inspiring works of public art. My thanks go out to Hyatt, the San Francisco Arts Commission, and our entire design-build team for making this day a reality.'

Directly connected to all airport terminals with its own dedicated, newly constructed AirTrain station, Grand Hyatt at SFO serves as a captivating destination within a destination and elevated respite for corporate business travelers as well as leisure guests to bypass the airport bustle. The highly anticipated debut also marks a key milestone in Hyatt's west coast expansion plan to add 40 new hotels in California, Oregon and Washington by the end of 2021.

'We are thrilled to open the doors to Grand Hyatt at SFO and welcome our international guests, visitors to SFO and local friends,' said Henning Nopper, general manager, Grand Hyatt at SFO. 'The completion of this hotel, an iconic addition to our Grand Hyatt brand, is a culmination of many years of hard work and planning by Hyatt, San Francisco International Airport, the great City and County of San Francisco, San Francisco Arts Commission, and many more supporters.'

CONCEPT & DESIGN

The bold, vibrant design and architecture of Grand Hyatt at SFO is the vision of San Francisco-based architect Hornberger + Worstell and associate ED21, along with two internationally acclaimed interior design firms, BraytonHughes Design Studios and RoseBernard Studio. Guests step out of the hotel's new AirTrain station, which features a dramatic kaleidoscopic stained-glass art installation, and after crossing an enclosed bridge, they enter the hotel's stunning, light-filled lobby where they are greeted by expansive windows and views of SFO and hills beyond.

The California Eucalyptus grove-inspired lobby invites guests to relax, enjoy a refreshment, and work among natural wood communal tables overlooking the airfield. As a subtle visual homage to the airport's long history as an aviation gateway to and from the Pacific Rim, the marble reception desks are designed to recall a set of vintage pilot's wings.

GUESTROOMS

Light-filled guestrooms, designed to become a sanctuary for modern travelers, counterbalance stressful travels with calm bespoke interiors, soundproofed, floor-to-ceiling windows. Each guestroom also features a Hyatt Luxury Pillowtop Grand Bed TM, flat-screen TV, and elegant bathrooms. As a part of the Grand Hyatt brand's eco-friendly tenets, Grand Hyatt at SFO offers large-format bath amenities and works to limit single-use plastics. With the hotel's location directly adjacent to the International Terminal and airfield, guests have the unique opportunity to enjoy magnificent moments of close-up views of airplanes.

Travelers also have the opportunity to reserve a micro stay in the hotel's day-use rooms - the perfect solution for fly-in, fly-out conferences and daytime layovers. Day-use rates start at $125 for access to guestrooms for six hours between 8 a.m. and 8 p.m.

FOOD AND BEVERAGE

Quail & Crane, the hotel's 108-seat signature restaurant open for breakfast, lunch and dinner, boasts an open kitchen and expansive communal dining with wood floors and ceilings. Executive Chef Jesse McDannell has created a bold, multicultural menu that speaks to both the bounty of Northern California and the cooking practices and traditions of Asia. The restaurant design feels uniquely linked to the Bay Area with a direct connection to the local landscape. Accenting the experience is artwork inspired by regional landscapes and materials, resulting in one-of-a-kind pieces that feel honest, crafted, and exclusive to the Bay Area.

Twin Crafts Market & Bar is a multifunctional lounge with a market open 24/7 for 'on-the-go' provisions including breakfast, salads and hand-crafted sandwiches, as well as a cocktail bar serving up burgers, oysters on the half shell and salads, paired perfectly with cocktails, California wines and local craft beers. For dining in-room, guests may place an order for chef-inspired entrees and appetizers from the hotel's 24- hour room service menu. The design is inspired by the Bay Area's cityscape; details emulating urban life, from grid topography and textures, mixed eclectic architecture and cable car-inspired light fixtures to street-inspired artwork, together transports guests outside SFO.

MEETINGS & EVENTS

Grand Hyatt at SFO offers 14,435 square feet of stylish meeting and event spaces with designs inspired by the bay, with deep blues and sail-like floor patterns and ceiling forms adorning the meeting rooms and hallways. All 18 event spaces, including a 5,760 square-foot Grand Ballroom with a wide selection of layout options, suitable for both weddings and meetings, are named for storied planes like the Stratocruiser and Looper. For brides- and grooms-to-be, Grand Hyatt at SFO serves as a modern, theatrical wedding venue unlike any other.

ARTWORK

Developed in collaboration with the San Francisco Arts Commission, the public art program at Grand Hyatt at SFO reflects nature and the innovation and creativity for which San Francisco is celebrated throughout the world. A total of 16 works including sculpture, mosaic, painting, and photography created by internationally recognized artists include Green Map by Ellen Harvey, Circadian Transit by Tahiti Pehrson, and Ether by Japanese artist Kohei Nawa. A true statement piece, Ether is a 35-foot sculpture located on-site at the exterior of the hotel references weightlessness and the movement of airplanes.

WELLBEING

The new hotel features a 24-hour fitness center complete with a dedicated yoga space, treadmills, elliptical fitness equipment and free weights. Interactive gym technology, Peloton bicycles and MIRROR, offer on-demand workouts. The fitness center's spaces provide the opportunity for energetic light-filled workouts. Additionally, an intimate massage suite will offer a range of on-demand treatments including massages, body treatments and facials perfectly designed to combat the effects of air travel.

SUSTAINABILITY

Designed to achieve Leadership in Energy and Environmental Design (LEED) Gold certification (expected early 2020), Grand Hyatt at SFO's operations reflect the sustainability missions of both Hyatt and the San Francisco Airport Commission. SFO has set a goal to become the world's first Zero Net Energy (ZNE) airport campus by 2021, and the property is in line with this goal with a ZNE capable design. Grand Hyatt at SFO is 26% more energy efficient than a baseline hotel, identified by LEED, and the property generates 133,000 kWh of energy annually with roof-mounted photovoltaic panels.

Highlights of the property's water sustainability efforts to save 6,700,000 gallons of water each year include the installation of water-efficient systems including cooling towers with state-of-the-art water flow controls, efficient flush toilets, low-flow faucets and showerheads, as well as Energy Star-rated ice machines. Additional sustainability endeavors include the use of regionally sourced building materials, recycled content used in building construction and furniture and much more.

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 Grand Hyatt at SFO from October 1 through December 31, 2019, as 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. Terms & Conditions apply. No registration is required, and members can earn on top of other offers.

For more information and regular updates about the property, please visit grandhyattatsfo.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 Grand Hyatt

Around the world, Grand Hyatt hotels bring travel dreams to life by celebrating the iconic in small details and magnificent moments. Located at the crossroads of local culture and global business within major gateway cities and resort destinations, each Grand Hyatt hotel is uniquely designed to be a captivating destination within a destination. Grand Hyatt hotels deliver welcoming and elevated service, first-class accommodations and an abundance of options within a multicultural backdrop of dramatic architecture and bold and vibrant design. Grand Hyatt properties boast inventive restaurants, luxury spas, fitness centers, and business and meeting facilities.

For additional information or to make a reservation, please visit grandhyatt.com. Follow @GrandHyatt on Facebook and Instagram, and tag photos with #GrandHyatt.

Forward-Looking Statement

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 the 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 seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; 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 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; the timing of acquisitions and dispositions, and our ability to successfully integrate completed acquisitions with existing operations; our ability to successfully execute on our strategy to expand our management and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; changes in the competitive environment in our industry, including as a result of industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program; cyber incidents and information technology failures; 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.

About San Francisco International Airport

San Francisco International Airport (SFO) offers non-stop flights to more than 51 international cities on 43 international carriers. The Bay Area's largest airport connects non-stop with 86 cities in the U.S. on 12 domestic airlines. SFO is proud to offer upgraded free Wi-Fi with no advertising. For up-to-the-minute departure and arrival information, airport maps and details on shopping, dining, cultural exhibitions, ground transportation and more, visit www.flysfo.com.

Follow us on www.twitter.com/flysfo and www.facebook.com/flysfo.

CONTACT: Doug Yakel

Public Information Officer

External Affairs Office

San Francisco International Airport

650.821.4000

Doug.Yakel@flysfo.com

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2019 4 927 M
EBIT 2019 230 M
Net income 2019 435 M
Debt 2019 974 M
Yield 2019 0,98%
P/E ratio 2019 18,7x
P/E ratio 2020 43,0x
EV / Sales2019 1,80x
EV / Sales2020 1,81x
Capitalization 7 904 M
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Mean consensus HOLD
Number of Analysts 22
Average target price 78,95  $
Last Close Price 76,93  $
Spread / Highest target 28,7%
Spread / Average Target 2,63%
Spread / Lowest Target -22,0%
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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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