Hyatt Announces Plans for Hyatt House Niseko, Japan

The Hyatt House brand will make its
debut in Hokkaido in December 2018

HONG KONG, CHINA -�Media OutReach - November 14, 2018 - Hyatt announced today that a Hyatt
affiliate has entered into a management agreement with Hokkaido Alpine Resort
Management GK, an affiliate of LimeTree Capital, for a 91-room Hyatt House hotel
in Niseko, Japan. The upscale, extended stay hotel will be rebranded as Hyatt
House Niseko on December 16, 2018. Situated in the very heart of Hirafu Village
and within a short distance to Hirafu’s main ski lifts, Hyatt House Niseko will
allow guests to easily access the area’s world-class powder snow and village attractions.

 

The Hyatt
House brand is rooted in extensive consumer insights indicating
that guests seek stylish, comfortable, seamless experiences that accommodate
their lifestyles and familiar routines. To embody this, the brand offers casual
hospitality and purposeful service in a smartly designed, high-tech and
contemporary environment.

 

“We are excited to introduce the Hyatt House brand
to Niseko, which will become another quality addition to our growing Hyatt
House hotel portfolio in Japan. It has been a remarkable journey for the Hyatt
House brand, which announced its entry into the country last year with plans
for Hyatt House
Kanazawa. Niseko boasts exceptional skiing conditions
with an average snowfall of 15 meters over a long 100 days per season,” said
Asia Pacific Group President David Udell, Hyatt Hotels Corporation. “The Hyatt
House brand will nicely align with the hotel accommodation travelers are
looking for when they visit Niseko. Hyatt House Niseko will offer guests
upscale, apartment-style accommodation in a comfortable setting tailored to
their lifestyles and has all the conveniences of a home.” 

 

Ewan Munro, Senior
Partner at LimeTree Capital commented: “Niseko has witnessed healthy
development over the past ten years and is firmly established as Asia’s leading
branded ski resort destination. We are strong believers that the growth in
Niseko will continue, becoming a year-round destination driven by strong Asian
demand. Improved access, investment in infrastructure, international standards
and additional branded developments will further strengthen the destination.
Shiki Niseko building was our first acquisition in Niseko and we have invested
significant funds and efforts towards the transformation of the building into a
modern and vibrant mountain lifestyle destination with a unique mix of
hospitality, exciting F&B and entertainment which includes some of Niseko’s
favorite venues.”

 

New Chitose Airport,
Japan’s fifth busiest airport, serves Niseko and accommodates international
flights from 14 major Asian cities, including Seoul, Hong Kong, Taipei, Bangkok,
Singapore, Shanghai, and Beijing. In 2015, international visitor
arrivals increased from 800,000 in 2009 to more than 2.1 million, a compound
annual growth rate of 17.7 percent over a seven-year period.

 

The new Hyatt House
Niseko will be comprised of 91 rooms, lobby lounge and bar, restaurant, and a
fitness center. Situated at the center of Hirafu Village, guests will have easy
access to a number of traditional Japanese dining outlets, boutique shops and Hirafu’s
main ski lifts.

 

For more information
about Hyatt House hotels, please visit www.hyatthouse.com.

 

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
Hyatt House

Hyatt House, a brand of Hyatt Hotels Corporation, launched in
2012 and offers more than 85 locations throughout the United States, China,
Germany, Mexico, Turkey, and Puerto Rico. Inspired by extensive research into
guest experiences, Hyatt House hotels offer services, amenities, upscale spaces
and a casual, comfortable environment that reminds guests of home. For more
information, please visit hyatthouse.com. Join
the conversation on Facebook, and
tag photos with #HyattHouse.

 

About
LimeTree Capital

LimeTree Capital is a leading private equity investment
manager with a focus on under-researched real estate asset classes that are
driven by the growing affluence of the middle-class in Asia.  It currently has approximately US$1 billion
of assets under management across several investment strategies in Asia’s
leading branded resort destinations, car parking assets in China and broader
asset re-positioning and enhancement opportunities across Asia.  It has offices in Hong Kong, Shanghai and
Bangkok.

 

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered
in Chicago, is a leading global hospitality company with a portfolio of 14
premier brands. As of September 30, 2018, the Company’s portfolio included more
than 750 properties in more than 55 countries across six continents. The Company’s
purpose to care for people so they can be their best informs its business
decisions and growth strategy and is intended to attract and retain top
colleagues, build relationships with guests and create value for shareholders.
The Company’s subsidiaries develop, own, operate, manage, franchise, license or
provide services to hotels, resorts, branded residences, vacation ownership
properties, and fitness and spa locations, including under the Park
Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®,
The Unbound Collection by Hyatt®, Hyatt Place®, Hyatt
House®, Hyatt Ziva™, Hyatt Zilara™, Hyatt
Residence Club® and Exhale® brand names.
For more information, please visit www.hyatt.com.

 

Forward-Looking
Statements

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Statements in this press release, which are not historical facts, are
forward-looking statements within the meaning of the Private Securities
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