Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with Concord Aztec Brickell LLC for Hyatt Centric Brickell Miami, located at 1101 Brickell Ave. in the center of Miami's thriving financial and business district. Concord Aztec Brickell LLC is a joint venture comprised of Aztec Group and Concord Hospitality, which will manage the hotel. Hyatt Centric Brickell Miami is expected to conclude construction and open in Q3 2017. As with all Hyatt Centric hotels, Hyatt Centric Brickell Miami will place guests in the heart of the action, providing an ideal launch pad to explore downtown Miami and beyond.

"Miami's Brickell neighborhood has always been an important financial and business center but is evolving into the type of 24/7 urban destination that is at the heart of our Hyatt Centric brand. Expanding the Hyatt Centric brand presence in Miami is important to our global expansion strategy to be at the center of the destination in primary business and leisure markets around the world," said David Tarr, senior vice president of real estate and development for the Americas, Hyatt. "Joined by Hyatt Centric South Beach Miami, the new Brickell hotel will provide our guests with another great location from which to explore everything that Miami and Miami Beach have to offer."

"This will be a very special hotel for Miami," said Mark Laport, president and CEO, Concord Hospitality. "The location and amenities of Hyatt Centric Brickell Miami will serve business and leisure travelers who desire the authentic hospitality for which Hyatt is known around the world."

Source: HyattSource: Hyatt
Source: Hyatt

Located off Brickell Avenue, with views to Biscayne Bay, Hyatt Centric Brickell Miami will be part of the mixed-use 83-story Panorama Tower development that, when completed, will be home to the tallest building in Miami and the largest residential building south of New York. The first two floors of Panorama Tower will include more than 50,000 square feet of retail and restaurant space.

Hyatt Centric Brickell Miami will offer 208 guestrooms, in addition to a signature second-floor restaurant and bar serving breakfast, lunch, dinner and 24-hour room service. The hotel will share a full-service spa, fitness center and pool with the building's residences. All hotel guestrooms and suites will offer the Hyatt Centric brand's signature amenities such as salon-grade Drybar Buttercup blowdryers, BeeKind eco-friendly bath and body products, Keurig in-room coffee brewing system and JBL Wireless speakers.

With 4,000 square feet of meeting and event space, the hotel will provide business travelers with accessible spaces for group functions, both large and small.

For more information on the Hyatt Centric brand, please visit hyattcentric.com.

For more information on World of Hyatt, please visit hyatt.com/understanding.

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 Concord Hospitality Enterprises Company

As an award-winning hotel development, ownership and management company, Concord Hospitality Enterprises Company has spent the last three decades partnering with owners and its investors on more than $2.5 billion in premium branded properties across the United States and Canada. As an operator, both for third party owners and partners, Concord Hospitality instills value from the ground up, developing and managing with a sustainable viewpoint, a focus on quality and a hands-on involvement to ensure long-term profitability. Learn more at concordhotels.com.

Aztec Group

Founded in 1981, Aztec Group, Inc. specializes in facilitating the acquisition, disposition, financing and capital needs of real estate projects for institutional investors, entrepreneurs and commercial developers as well as offshore clients. Aztec has been long-recognized as the premier real estate capital markets intermediary and merchant banking firm in the Southeast, handling more than $10 billion in transactions during the past decade. The company is also considered an innovator, often seeing opportunities for clients before they become apparent in the marketplace. For more information, visit www.aztecgroup.com.

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 September 30, 2023, the Company's portfolio included more than 1,300 hotels and all-inclusive properties in 76 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.