Photo Release: HYATT ANNOUNCES PLANS FOR 1st HYATT PLACE HOTEL IN BANGKOK

An affiliate of Hyatt Hotels Corporation (NYSE: H) today signed a management agreement with Pioneer Property Company Limited (PPC), a Bangkok-based real estate firm, for a new Hyatt Place hotel to be located in the heart of the Thai capital. Scheduled to open in 2017, Hyatt Place Bangkok, Sukhumvit will join the recently announced Hyatt Regency Bangkok, Sukhumvit, which is also expected to open in 2017, and Park Hyatt Bangkok, which is expected to open in 2014. The introduction of the Park Hyatt, Hyatt Regency and Hyatt Place brands further reaffirms Hyatt’s continued commitment to Thailand. There are currently two Hyatt-branded hotels in Thailand – Grand Hyatt Erawan Bangkok and Hyatt Regency Hua Hin. Seen in the picture are Ratnesh Verma (right), senior vice president, real estate and development, Asia Pacific, Hyatt Hotels and Resorts and Sanya Srisakulchawla (left), President and CEO of Pioneer Property, at the management agreement signing ceremony for the first Hyatt Place Bangkok. -KP- Click for photo release at www.thaipr.net

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