Hyatt and Banyan Cay Development Announce Programs for Banyan Cay Vacation resort & Golf, a Spot Hotel

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New vacation resort will mark the initial Destination Lodges assets in Florida

November 19, 2020 // // CHICAGO – Hyatt Accommodations Company (NYSE:H) announced now that a Hyatt affiliate has entered into a franchise agreement with Banyan Cay Advancement (BCD) to produce Banyan Cay Vacation resort & Golfing, a Vacation spot Lodge. Envisioned to open in late 2021, this home will mark entry of the Place Lodges brand into Florida and will be the very first total-service Hyatt-branded residence in Palm Seaside County, an internationally acknowledged vacation resort and leisure destination.

With 150 guestrooms, Banyan Cay Vacation resort & Golfing will present unbiased-minded tourists a 5,000 sq.-foot spa and fitness heart, tennis pavilion, swimming swimming pools, and 3 foodstuff and beverage venues, which includes signature restaurants and golfing clubhouse dining. With more than 10,000 sq. feet of prepared indoor conference and events spaces, guests will also have enough place to host personal capabilities, conferences, and gatherings. Providing visitors ordeals they crave on and off house, Banyan Cay Vacation resort & Golf will be positioned just 6 miles from pristine beach locations and conveniently located close to West Palm Beach Intercontinental Airport.

“At Hyatt, we prioritize considerate advancement in spots that make a difference most to our attendees, Environment of Hyatt customers and customers, and we are enthusiastic to introduce Hyatt’s large-high quality and distinct experiences to West Palm Beach front,” mentioned David Tarr, senior vice president, improvement, Americas, Hyatt. “We glimpse ahead to collaborating with Banyan Cay Enhancement to increase the Destination Hotels brand name footprint and provide vacationers with a unique, upscale vacation resort possibility.”

Resort guestrooms and suites will give an oasis of peace, silent and privacy, created in a refined and fashionable Palm Beach front aesthetic. Situated by the resort’s tropical pool and offering scenic views of Banyan Lake, Banyan Cay Resort & Golfing will also provide 22 personal vacation resort villas, together with bell support, everyday housekeeping, space assistance, personal kitchens and spacious living and dining regions.

“We are thrilled to collaborate with Hyatt on programs to introduce the initially golfing resort in the town of West Palm Beach front and offer guests with an elevated continue to be working experience that embodies the laid-back elegance and spirit of southern Florida,” stated Domenic Gatto, founder of Banyan Cay Improvement. “With its longstanding standing in stand-out vacation resort choices, the Desired destination Resorts model is beautifully suited to assistance friends uncover all that the resort will supply.”

Banyan Cay Vacation resort & Golf is residence to a 130-acre Jack Nicklaus signature golf program and clubhouse, which is now open and working. The golf system offers 18-holes of thoughtful participate in with gently rolling fairways, landforms, a variety of drinking water characteristics, and sod-wall bunkers that deliver both aesthetics and complexity. To date a number of activities, charity tournaments and qualifiers for main PGA sanctioned tournaments, such as the Honda Basic and the US Open up, have been hosted on the Banyan Cay Golf Program. Not only has the Banyan Cay Golfing Program been selected to host prestigious PGA situations, but it is expected to host quite a few more functions of related caliber in the future.

Forward-Looking Statements

Ahead-Looking Statements in this press release, which are not historical info, are forward-looking statements in the meaning of the Personal Securities Litigation Reform Act of 1995. Our real success, overall performance or achievements may differ materially from these expressed or implied by these forward-hunting statements. In some situations, you can identify forward-on the lookout statements by the use of words and phrases such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and related expressions, or the detrimental of these conditions or identical expressions. These types of forward-wanting statements are always centered upon estimates and assumptions that, though thought of reasonable by us and our administration, are inherently unsure. Elements that may possibly result in genuine effects to differ materially from existing expectations contain, but are not limited to, the quick- and for a longer period-expression consequences of the COVID-19 pandemic, including on the need for journey, transient and group small business, and degrees of buyer self esteem actions that governments, enterprises, and persons take in response to the COVID-19 pandemic or any resurgence, like limiting or banning vacation the impact of the COVID-19 pandemic, and steps taken in reaction to the COVID-19 pandemic or any resurgence, on international and regional economies, vacation, and financial activity, like the period and magnitude of its impact on unemployment fees and consumer discretionary shelling out the means of 3rd-party entrepreneurs, franchisees or hospitality undertaking partners to productively navigate the impacts of the COVID-19 pandemic the duration of the COVID-19 pandemic and the pace of recovery adhering to the pandemic or any resurgence normal economic uncertainty in important world markets and a worsening of global financial problems or small degrees of economic expansion the level and the speed of economic recovery adhering to economic downturns concentrations of shelling out in enterprise and leisure segments as nicely as consumer confidence declines in occupancy and ordinary day-to-day amount restricted visibility with respect to long term bookings decline of crucial staff domestic and worldwide political and geo-political conditions, together with political or civil unrest or modifications in trade policy hostilities, or dread of hostilities, such as long run terrorist attacks, that influence journey journey-associated accidents purely natural or person-designed disasters this kind of as earthquakes, tsunamis, tornadoes, hurricanes, floods, wildfires, oil spills, nuclear incidents, and international outbreaks of pandemics or contagious diseases or panic of these outbreaks, these types of as the COVID-19 pandemic our capacity to efficiently attain sure degrees of operating gains at inns that have effectiveness assessments or ensures in favor of our third-get together house owners the impression of hotel renovations and redevelopments pitfalls affiliated with our cash allocation ideas and popular stock repurchase application and quarterly dividend, which include a reduction in or elimination of repurchase exercise or dividend payments the seasonal and cyclical nature of the true estate and hospitality companies modifications in distribution preparations, these types of as through net vacation intermediaries changes in the tastes and tastes of our prospects interactions with colleagues and labor unions and improvements in labor laws the monetary affliction of, and our relationships with, 3rd-celebration property proprietors, franchisees, and hospitality venture partners the doable inability of third-social gathering house owners, franchisees, or progress associates to obtain capital needed to fund existing functions or apply our ideas for growth dangers connected with potential acquisitions and inclinations and the introduction of new model principles the timing of acquisitions and dispositions, and our skill to correctly integrate done acquisitions with existing operations failure to efficiently full proposed transactions (including the failure to fulfill closing problems or receive necessary approvals) our capability to productively execute on our system to develop our administration and franchising business whilst at the same time cutting down our serious estate asset base within targeted timeframes and at envisioned values declines in the price of our real estate property unexpected terminations of our management or franchise agreements adjustments in federal, condition, area, or overseas tax regulation improves in desire rates and functioning fees overseas trade level fluctuations or forex restructurings lack of acceptance of new brand names or innovation normal volatility of the capital marketplaces and our capacity to entry these kinds of markets adjustments in the aggressive setting in our sector, like as a end result of sector consolidation, and the markets exactly where we run our means to efficiently develop the Environment of Hyatt loyalty plan cyber incidents and info know-how failures outcomes of legal or administrative proceedings violations of polices or guidelines related to our franchising enterprise and other dangers discussed in the Company’s filings with the U.S. Securities and Exchange Fee (“SEC”), such as our yearly report on Sort 10-K and our Quarterly Report on Sort 10-Q filed on May possibly 7, 2020, which filings are out there from the SEC. These variables are not essentially all of the crucial variables that could bring about our actual success, efficiency or achievements to vary materially from all those expressed in or implied by any of our ahead-on the lookout statements. We caution you not to area undue reliance on any ahead-wanting statements, which are produced only as of the date of this push launch. We undertake no obligation to update publicly any of these ahead-hunting statements to mirror true benefits, new data or potential gatherings, variations in assumptions or improvements in other elements impacting forward-hunting statements, besides to the extent needed by applicable law. If we update just one or a lot more forward-searching statements, no inference should really be drawn that we will make further updates with respect to those people or other ahead-hunting statements.

Supply Hyatt Motels Company and Banyan Cay Vacation resort



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