Hyatt Place Dubai/Al Rigga Celebrates Official Opening

Hyatt Hotels Corporation (NYSE: H) and wasl Hospitality, a

subsidiary of wasl Asset Management, today announced the opening of Hyatt Place Dubai/Al Rigga, the first Hyatt Place hotel in the Middle East and the fourth Hyatt-branded hotel in Dubai.

"Our business and leisure guests demand high-tech, stylish hotels that cater seamlessly

to their 24/7 lifestyles, and that is what Hyatt Place delivers."

The opening of the 210-room hotel marks a significant milestone for the Hyatt Place brand as it continues to expand outside the United

States. Hyatt Place hotels have recently opened in Puerto Rico, Costa Rica, India, Mexico, Armenia, and The Netherlands, as well as throughout the United States.

"We are delighted to introduce the Hyatt Place brand to yet another part of the world

with Hyatt Place Dubai/Al Rigga, and to provide travelers with more Hyatt-branded hotel options when visiting Dubai. We believe that both business and leisure travelers will embrace the high-tech, stylish design that seamlessly meets 24/7 lifestyle requirements," said Pablo Graf, senior vice president of operations, Hyatt Hotels & Resorts, Southwest Asia.

"The opening of this hotel further strengthens our relationship with Hyatt, which currently

includes three of wasl's properties, including Park Hyatt Dubai, Grand Hyatt Dubai and Hyatt Regency Dubai," said Chief Executive Officer Hesham Al Qassim, wasl Asset Management Group. "The Hyatt Place brand offers an innovative service concept and a modern design that we believe will be very successful in Dubai and throughout the Middle East. wasl remains committed to providing affordable and modern accommodation and facilities to cater to Dubai's increasing demand for mid-range tourism in the years leading up to EXPO 2020."

Hyatt Place Dubai/Al Rigga

Located in the culturally rich and bustling Al Muraqabat neighborhood in the dynamic

district of Deira, Hyatt Place Dubai/Al Rigga provides a refreshing choice for business and leisure travelers visiting Dubai. The hotel is in close proximity to the city's historic attractions including dhow boat cruises, bustling souqs and museums and the fashionable downtown district with world-class dining, shops and galleries.

Hyatt Place Dubai/Al Rigga offers:

• 210 roomy rooms, all of which feature a swiveling 42-inch HDTV, plush Hyatt Grand Bed® and Cozy Corner with sectional sofa-sleeper
• Free Wi-Fi everywhere
• Free Gallery Kitchen Breakfast for guests served daily, featuring hot breakfast items, a variety of fresh fruits, hot and cold cereal, yogurt, breads, premium coffee and an assortment of juices
• More than 2,500 square feet of flexible, high-tech meeting/function space
• 24/7 Gallery Menu serving made-to-order entrees and apps around the clock
• A Coffee to Cocktails Bar featuring specialty coffees, premium house beverages and cocktails
• A Gallery Café featuring sit-down dining for lunch and dinner hours

Hyatt Place Dubai/Al Rigga is part of a mixed use development established by wasl

properties, making it the latest addition to wasl's portfolio of hotels. The project is in line with the United Arab Emirates' new government directives/policies to develop mid- range hotels in an effort to diversify Dubai's hospitality and tourism offering.

Hyatt Place Dubai/Al Rigga Leadership

Hyatt Place Dubai/Al Rigga is under the leadership of General Manager Vishal Mehra

and Director of Sales Pranav Vohra. In his role, Mehra is directly responsible for managing the day-to-day operations of the hotel, including overseeing the hotel's associates and ensuring guests encounter the purposeful service for which Hyatt Place is known. Vohra is responsible for providing sales service and support to travelers and meeting planners frequenting the Dubai area.

"Dubai is a charming and culturally rich city that provides a unique business and leisure

environment for its visitors, and we are proud to be opening Hyatt Place Dubai/Al Rigga," said General Manager Vishal Mehra, Hyatt Place Dubai/Al Rigga. "Our business and leisure guests demand high-tech, stylish hotels that cater seamlessly to their 24/7 lifestyles, and that is what Hyatt Place delivers."

About wasl Hospitality

wasl Hospitality manages a portfolio of several hotels and over 2,200 rooms. The

Dubai-based portfolio includes three Hyatt-branded hotels, including the award-winning Grand Hyatt Dubai, Hyatt Regency Dubai and Park Hyatt Dubai, and four under Starwood Hotels and Resorts including Le Méridien Dubai, Le Méridien Mina Seyahi Beach Resort & Marina, Le Méridien Fairway in addition to Jumeirah Zabeel Saray and the Westin Dubai Beach Resort & Marina. wasl also owns the Grand Cineplex movie theater complex located adjacent to Grand Hyatt Dubai, and acts as the Owner's representative to oversee the management of Dusit Thani Dubai hotel.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of June 30, 2024, the Company's portfolio included more than 1,350 hotels and all-inclusive properties in 78 countries across six continents. The Company's offering includes brands in the Timeless Collection, including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt Vacation Club®, Hyatt Place®, Hyatt House®, Hyatt Studios, and UrCove; the Boundless Collection, including Miraval®, Alila®, Andaz®, Thompson Hotels®, Dream® Hotels, Hyatt Centric®, and Caption by Hyatt®; the Independent Collection, including The Unbound Collection by Hyatt®, Destination by Hyatt®, and JdV by Hyatt®; and the Inclusive Collection, including Impression by Secrets, Hyatt Ziva®, Hyatt Zilara®, Zoëtry® Wellness & Spa Resorts, Secrets® Resorts & Spas, Breathless Resorts & Spas®, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith™, Unlimited Vacation Club®, Amstar DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

Forward-Looking Statements

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. 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 when made, are inherently uncertain, and are subject to numerous assumptions and uncertainties, many of which are outside of Kiraku, Inc. or Hyatt's control, which could cause actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Forward-looking statements made in this press release are made only as of the date of their initial publication and neither party undertakes an obligation to publicly update any of these forward-looking statements as actual events unfold, except to the extent required by applicable law. If one or more forward-looking statements is updated, no inference should be drawn that any additional updates will be made with respect to those or other forward-looking statements.