CHICAGO - Hyatt Hotels Corporation (NYSE: H) announced plans for Thompson Monterrey, the first Thompson hotel in Mexico's state of Nuevo Leon. The 150-room lifestyle hotel is expected to open in 2022 and will mark the fourth Thompson-branded property in Mexico.

'Thompson Monterrey comes at a time of significant growth for the Thompson Hotels brand and will represent the brand's entry into a key new market,' said Alfredo Reynoso, director of development, Mexico, Hyatt. 'The Thompson brand aligns very well with Monterrey's position as a business and entertainment destination, and we look forward to introducing a new lifestyle offering that will provide experiences that celebrate its destination in a sophisticated way for guests and locals alike.'

Developed by Visa Desarrollos and Grow2, Thompson Monterrey will be located in the San Pedro Garza Garcia, a contemporary financial and commercial area of Monterrey in the state of Nuevo Leon. Located near headquarters for many national and multinational companies and university campuses, the hotel will be part of Torre IKON, a new-build mixed-use complex with aproximately 215,000 square feet (20,000 square meters) of office space. Thompson Monterrey will occupy a portion of the 31-floor tower designed by Duda Paine Architects, which is set to be one of the most iconic high-rise buildings in the San Pedro Garza Garcia.

Thompson Monterrey will provide a truly superior experience with just the right amount of edge to the San Pedro Garza Garcia through its thoughtfully curated design, culinary sophistication, and effortless yet intuitive service. From the moment guests arrive, they will experience elements of Monterrey's culture in the hotel's sought-after hub - its rooftop bar - which will reflect the guests' authentically stylish and dynamic lifestyles with a buzzing social scene and thought-provoking arts and entertainment.

Situated in the main district of the San Pedro Garza Garcia, guests will be stimulated by Monterrey's vibrant neighborhoods and easily access multiple dining, shopping and entertainment options within walking distance of the hotel. With its close proximity to Monterrey International Airport (MTY), Thompson Monterrey will serve as a destination for both domestic and international travelers.

'We are thrilled to announce the development of the first Thompson hotel in Monterrey, marking a significant milestone for us and Hyatt,' said Luis Carlos Villarreal, president, Visa Desarrollos, S.A.P.I. de C.V. 'Thompson Monterrey will offer a modern, luxury experience tailored to the destination, enhancing each guest's personal travel journey by bridging connections to the local community through in-the-know moments and collaborations.'

Thompson Monterrey is expected to join three Thompson Hotels properties in Mexico, including The Cape, Thompson Playa del Carmen, and Thompson Zihuatanejo. Additionally, Thompson Monterrey is the latest example of growth for the Thompson Hotels brand, joining recently announced projects, including Thompson Dallas (expected to open in Fall 2020), Thompson San Antonio (expected to open in early 2021), Thompson Austin (expected to open in 2021), Thompson Buckhead (expected to open in 2021), Thompson Savannah (expected to open in 2021), and Thompson Houston (expected to open in 2023).

For more information, please visit thompsonhotels.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. Hotel openings subject to change without notice.

For further information:

About Thompson Hotels

Founded in 2001, Thompson Hotels is an award-winning boutique lifestyle hospitality brand with a collection of stunning, dynamic properties. Each of Thompson Hotels' urban and resort locations offers a carefully layered environment that molds into its surrounding community. Guests are provided tailored stays with connections to world-class culinary offerings, arts and entertainment, and groundbreaking design. The Thompson portfolio of lifestyle hotels includes The Beekman and Gild Hall in New York City; Thompson Nashville; Thompson Seattle; Thompson Chicago; The Cape in Los Cabos, Mexico; Thompson Playa del Carmen in Riviera Maya, Mexico; Thompson Zihuatanejo on Mexico's Pacific Coast; and its newest property, Thompson Washington D.C. in the Navy Yard neighborhood. Hotels currently under development include Texas properties in Dallas, San Antonio, Austin and Houston, as well as Thompson Denver, Thompson Buckhead and Thompson Savannah. Follow @ThompsonHotels on Facebook, Twitter, and Instagram for news and updates. For more information, please visit www.thompsonhotels.com. -

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company offering 21 premier brands. As of June 30, 2020, the Company's portfolio included more than 900 hotel, all-inclusive, and wellness resort properties in 65 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 employees, 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, UrCove, 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:

Sin Rylander

Hyatt

+1 312 780 5797

sian.rylander@hyatt.com

Robert Martinez

Hyatt - Americas

+1 312 780 5447

robert.martinez@hyatt.com

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