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HYATT HOTELS CORPORATION

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Hyatt Hotels : Announces Plans to Rebrand Grand New York Under the Brand and Resume Operations in November

10/11/2021 | 11:42am EST

CHICAGO (October 11, 2021) - Hyatt Hotels Corporation (NYSE: H) announced today plans to rebrand Grand Hyatt New York in New York City next month to Hyatt Grand Central New York and resume operations of the centrally located property beginning Nov. 1, 2021.

Hyatt Grand Central New York is located at 109 E. 42nd Street, offering a premiere location in the heart of Midtown Manhattan for guests to rest and recharge after exploring all the city has to offer. Just steps away, guests will find world-class dining options, recently re-opened Broadway entertainment, renowned 5th Avenue shopping, and iconic city attractions like the Empire State Building.

Inside, the property features 1,298 inviting guestrooms and suites with glittering city views. The Market will help satisfy cravings with grab-and-go snacks and meals, and at the hotel's 24/7 state-of-the-art fitness center, guests can maintain their fitness routine while away from home with Technogym® and Precor® cardio equipment and free weights. Hyatt Grand Central New York will offer distinctive member benefits through the World of Hyatt program, where it will participate in award Category 5, allowing members to earn and redeem points that can be used toward free nights, upgrades, experiences and more.

"With demand for travel continuing to increase in New York City, we are thrilled to embark on a new chapter for our ideally situated hotel in the heart of the Big Apple," said Peter Roth, Area Vice President & General Manager, Hyatt Grand Central New York. "Hyatt Grand Central New York will help connect guests and World of Hyatt members with iconic New York City just outside our doors."

RXR Realty and TF Cornerstone plan to redevelop the property, creating an iconic 2+-million-square-foot mixed-use development, including a new luxury hotel, world-class office and retail space, new public open space and dramatic improvements to the public transportation infrastructure in the Grand Central Terminal transit complex. At this time, the plan is that the hotel would close for such redevelopment no earlier than 2023.

For more information or to book a stay at Hyatt Grand Central New York beginning Nov. 1, please visit the hotel's website here.

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

Disclaimer

Hyatt Hotels Corporation published this content on 11 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 October 2021 15:41:01 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2021 2 940 M - -
Net income 2021 -221 M - -
Net Debt 2021 1 951 M - -
P/E ratio 2021 -36,4x
Yield 2021 -
Capitalization 8 591 M 8 591 M -
EV / Sales 2021 3,59x
EV / Sales 2022 2,25x
Nbr of Employees 37 000
Free-Float 45,0%
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Last Close Price 78,13 $
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Mark Samuel Hoplamazian President, Chief Executive Officer & Director
Joan Bottarini Executive VP, Chief Financial & Accounting Officer
Thomas J. Pritzker Executive Chairman
H. Charles Floyd Global President-Operations & Executive VP
Susan Dana Kronick Independent Director
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