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HYATT HOTELS CORPORATION

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Hyatt Place Kathmandu Celebrates Official Opening; 153-room Hyatt Place hotel opens in the heart of Kathmandu

11/16/2021 | 08:17am EST

CHICAGO - Hyatt Place Kathmandu, the second Hyatt-branded hotel in Nepal, is officially open, expanding the Hyatt Place brand's footprint globally in markets that matter most to guests and World of Hyatt members. The new hotel features the Hyatt Place brand's intuitive design, casual atmosphere and practical amenities, such as Free Wi-Fi Everywhere and 24-hour food offerings. Ownership of the hotel includes Akshay Golyan, Executive Director and Shakti Golyan, Chairman of City Hotel Ltd.

Because Hyatt's efforts are grounded in listening and fueled by care, Hyatt Place hotels combine style, innovation and 24/7 conveniences to create an easy to navigate experience for today's multitasking traveler. Hyatt Place Kathmandu is located in the lively city of Kathmandu, set in a valley surrounded by the beautifully scenic Himalayan mountains. Kathmandu, the capital of Nepal, is steeped in rich history, long associated with ancient traditions and a vibrant culture. The hotel is only a short two-and-a-half-mile (four-kilometer) journey from the bustling city center and its attractions, which include many World Heritage sites like the remarkable ancient temple, Swayambhunath Stupa, and the sacred Hindu temple in Pashupatinath. For those looking for some retail therapy, the hotel is close to several popular shopping centers including New Road, Thamel and Durbar Marg.

'As Kathmandu continues to be a sought-after spot for both business and leisure travelers, we are excited to add to the momentum of the thriving city by welcoming the first Hyatt Place to Nepal in this truly unique capital city, which is bursting with history and cultural traditions,' said General Manager Varun Talwar. 'With our smartly designed social spaces and guestrooms with separate work and sleep areas, our multitasking guests can easily accomplish what they need to do while on the road.'

Hyatt Place Kathmandu offers:

153 spacious guestrooms with separate spaces to sleep, work and play, as well as a Cozy Corner sofa-sleeper

Breakfast Bar featuring an inviting selection of hot and cold items to suit all guests' needs

Zing World of Flavors delivers good food, fast, combining local and worldly ingredients with bold tastes from South-East Asia with some Italian-Mediterranean options.

Zing Sky Bar & Lounge is an energetic poolside venue with breathtaking sunset views, offering curated cocktails and Nepal's best brews

The Market serving freshly prepared meals anytime, day or night

The Bar featuring specialty coffees and premium beers, as well as wines and cocktails

Necessities program for forgotten items that guests can buy, borrow or enjoy for free

Free Wi-Fi Everywhere throughout hotel and guestrooms

Event Spaces offer approximately 5,382 square feet (500 square meters) of flexible, high-tech meeting/function space

Fitness Center featuring cardio equipment with LCD touchscreens

'Kathmandu is a vibrant city, filled with historic and artistic sites, friendly people, exciting neighborhoods, and an ever-expanding list of places to visit and experience,' said Akshay Golyan, Executive Director, City Hotel Ltd. 'Our hotel is central to all of them and we are confident that the Hyatt Place Kathmandu will exceed guest expectations and provide them with everything they need while visiting our area.'

HYATT PLACE KATHMANDU LEADERSHIP

Hyatt Place Kathmandu is under the leadership of General Manager Varun Talwar and Head of Sales and Marketing Achint Rastogi. In his role, Talwar is directly responsible for managing the day-to-day operations of the hotel, including overseeing the hotel's 150 associates and ensuring guests encounter the thoughtful service for which the Hyatt Place brand is known. Rastogi is responsible for providing sales service and support to travelers and meeting planners frequenting the Kathmandu area.

For more information, please visit HyattPlaceKathmandu.com

Guided by its purpose of care, Hyatt's multi-layered Global Care & Cleanliness Commitment further enhances its operational guidance and resources around colleague and guest safety and peace of mind. More information on Hyatt's commitment can be found here: https://hyatt.com/care-and-cleanliness

The term "Hyatt" is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

For further information:

500 Reasons to Stay Here

Explore new places and reward your spirit of adventure. World of Hyatt members can earn 500 Bonus Points for qualifying nights at Hyatt Place Kathmandu between November 27th 2021 through February 16th, 2022. Additional participating hotels and their offer stay periods can be found at worldofhyatt.com/newhotelbonus. No registration is required, and members can earn on top of other offers.

Terms & Conditions

Offer valid for 500 Bonus Points for each qualifying night stayed by World of Hyatt members in good standing during a hotel's offer period at participating hotels and resorts. Offer valid at participating hotels and resorts for stays with a checkout date during each hotel's offer period. For each hotel's offer period, visit worldofhyatt.com/newhotelbonus. To be eligible for this offer you must be a World of Hyatt member in good standing at time of reservation and stay, stay at a participating hotel with a checkout date during that hotel's offer period, provide your World of Hyatt mmbership number at time of check-in, and either pay an Eligible Rate or redeem a free night award. An 'Eligible Rate' and 'Ineligible Rate' are defined in the World of Hyatt Terms and Conditions (located at worldofhyatt.com/terms). Only one point bonus may be earned per member, per stay, regardless of the number of rooms booked. Only the room occupied by the member will count toward this offer. Two or more consecutive nights at the same hotel will be deemed one stay. All points awarded under this offer are Bonus Points. This offer is subject to the complete terms and conditions of the World of Hyatt program. Please allow 3-4 weeks after travel is completed for World of Hyatt Bonus Points to be credited to your Account. To join World of Hyatt, visit worldofhyatt.com. Qualifying nights will automatically be tracked when you provide your World of Hyatt membership number at check-in. A limited number of rooms are allocated to this offer; reservations subject to availability. Offer not valid with groups, conventions, other promotional offers, tour packages or special rate programs. Promotional blackout periods may apply due to seasonal periods or special events, and normal arrival/departure restrictions apply. Hyatt reserves the right to alter or withdraw this offer at any time without notice. The trademarks Hyatt, World of Hyatt and related marks are trademarks of Hyatt Corporation or its affiliates. 2019 Hyatt Corporation. All rights reserved.

About Hyatt Place

Hyatt Place hotels combine style, innovation and 24/7 conveniences to create an easy to navigate experience for today's multi-tasking traveler. Guests can enjoy thoughtfully designed guestrooms featuring distinct zones for sleep, work and play, and free flowing social spaces that offer seamless transitions from work to relaxation. With more than 385 locations globally, Hyatt Place hotels offer freshly prepared food around the clock, efficient service and differentiated experiences for World of Hyatt members. For more information, please visit hyattplace.com. Join the conversation on Facebook and Instagram, and tag photos with #HyattPlace and #WhySettle.

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, 2021, Hyatt's portfolio included more than 1,000 hotel and all-inclusive properties in 69 countries across six continents, and the acquisition of Apple Leisure Group added 96 properties in 10 countries as of November 1, 2021. Hyatt's offerings include the Park Hyatt, Miraval, Grand Hyatt, Alila, Andaz, The Unbound Collection by Hyatt, Destination by Hyatt, Hyatt Regency, Hyatt, Hyatt Ziva, Hyatt Zilara, Thompson Hotels, Hyatt Centric, Caption by Hyatt, JdV by Hyatt, Hyatt House, Hyatt Place, UrCove, and Hyatt Residence Club brands, as well as resort and hotel brands under the AMR Collection, including Secrets Resorts & Spas, Dreams Resorts & Spas, Breathless Resorts & Spas, Zoetry Wellness & Spa Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas. Hyatt's subsidiaries operate the World of Hyatt loyalty program, ALG Vacations, Unlimited Vacation Club, Amstar DMC destination management services, and the Trisept Solutions travel technology platform. For more information, please visit www.hyatt.com.

MEDIA CONTACT:

Jennifer Rubin

Hyatt

jennifer.rubin@hyatt.com

Milica Ferreira da Silva

Hyatt - Europe, Africa and Middle East and Southwest Asia

Milica.ferreiradasilva@hyatt.com

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 2 977 M - -
Net income 2021 -213 M - -
Net Debt 2021 2 874 M - -
P/E ratio 2021 -43,3x
Yield 2021 -
Capitalization 9 654 M 9 654 M -
EV / Sales 2021 4,21x
EV / Sales 2022 2,39x
Nbr of Employees 37 000
Free-Float 45,0%
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Number of Analysts 21
Last Close Price 87,80 $
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Managers and Directors
Mark Samuel Hoplamazian President, Chief Executive Officer & Director
Joan Bottarini Executive VP, Chief Financial & Accounting Officer
Thomas J. Pritzker Executive Chairman
H. Charles Floyd Global President-Operations & Executive VP
Susan Dana Kronick Independent Director
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