CHICAGO - Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with an affiliate of Caribe Hospitality S.A. for Hyatt Centric Escazu San Jose. Expected to open in 2024, the lifestyle hotel will debut the Hyatt Centric brand in Costa Rica and will mark the third Hyatt Centric hotel in Central America, further demonstrating Hyatt’s intentional brand growth in Latin America and the Caribbean region, fueled by leisure travel demand.

Located along the Próspero Fernández Highway in Escazu, Hyatt Centric Escazu San Jose will be situated in the heart of the action within the Plaza Tempo mixed-use complex, which boasts upscale retail shops, more than 25 restaurants and public green spaces. Just 10 minutes from downtown San Jose and 10 miles from the Juan Santamaria International Airport, the hotel will be located within walking distance of the city’s top dining destinations, modern shopping plazas and lively entertainment venues. Hyatt Centric Escazu San Jose will offer 161 thoughtfully designed, modern guestrooms and suites, an all-day dining restaurant and full-service bar, a large fitness center, 4,000 square feet of event space, as well as a fully equipped coffee bar and lounge.

As Hyatt seeks further growth of its lifestyle brand portfolio in key markets that matter to our guests, World of Hyatt members, and customers, we are thrilled to team up with Caribe Hospitality to continue the expansion of the Hyatt Centric brand in Central America. Each Hyatt Centric property serves as a launchpad for guests to explore and discover the destination in which it resides, and we look forward to the hotel welcoming savvy travelers who are eager to immerse themselves in the vibrant Costa Rican culture. Camilo Bolaños, senior vice president of development, Latin America & the Caribbean, Hyatt
We are excited to work alongside Hyatt on this development and bring the first Hyatt Centric hotel to Costa Rica. With Caribe Hospitality’s expert knowledge of the market and Hyatt’s operational excellence, Hyatt Centric Escazu San Jose is sure to be a sought-after destination for locals and travelers alike, and the perfect addition to our existing and ever-growing portfolio in Costa Rica. Daniel Campos, CEO of Caribe Hospitality

The expected opening of Hyatt Centric Escazu San Jose will build on Hyatt’s intentional brand growth strategy in key leisure markets, joining Hyatt Centric Guatemala City as well as Hyatt Centric San Salvador in Central America. For more information about Hyatt Centric hotels, please visit https://www.hyatt.com/development/ourbrands/hyattcentric.

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 Caribe Hospitality

Caribe Hospitality Company is headquartered in San José, Costa Rica with 22 years of experience becoming a leading hotel developer, carrying out projects in different regions of Central America, Mexico, and the Caribbean. Caribe Hospitality's portfolio is made up of 12 hotels in operation and 2 in development, it has also sold 3 successful projects and has about 4 new investments in planning. As for these hotels, Caribe Hospitality partners with the most prestigious hotel operator brands worldwide in business models under Management Agreement. Caribe Hospitality is a pioneer company incorporating economic models of hotel sustainability in the different countries where its projects are located.

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.

Glennie Janssen
Hyatt
+1 312 780 6120
Hyatt