Hyatt Selects Jim Tierney to Lead Hyatt Place and Hyatt House Development and Owner Relations in North America

CHICAGO–(BUSINESS WIRE)–Hyatt
Hotels Corporation
 (NYSE: H) today announced that Hyatt has selected
Jim Tierney to serve as senior vice president of development and owner
relations for the Hyatt Place and Hyatt House brands in North America,
effective immediately. Tierney will report to Pete Sears, Group
President, Americas for Hyatt.


“Jim has the leadership skills and requisite experience to continue the
fantastic growth that our developers and owners have created with the
Hyatt Place and Hyatt House brands,” said Sears. “The Hyatt Place and
Hyatt House brands have their largest footprint in North America, and as
they continue to grow around the world, it was clear we needed someone
fully focused on the franchise and managed growth of these brands. With
his extensive knowledge of the select service and extended stay
products, as well as his broad range of owner and industry
relationships, we’re excited to have Jim lead this charge. He is a
talented leader with outstanding instincts and a track record for
driving brand development, and I am confident Jim’s skills and expertise
will raise the bar as Hyatt continues to rapidly grow the Hyatt Place
and Hyatt House brands.”

Most recently, Tierney served as Hyatt’s vice president of development
and owner relations where he led a team responsible for the development
and growth of the Hyatt Place and Hyatt House brands on the Eastern half
of the United States. Tierney has personally been responsible for more
than 25 executed franchise and management agreements, including Hyatt
Place New York City/Times Square, Hyatt Place New York City/Chelsea,
Hyatt House Washington D.C./The Wharf, and Hyatt House Virginia
Beach/Oceanfront. Prior to joining Hyatt in 2014, Tierney served as
Director of Development for Cambria Suites at Choice Hotels
International.

“I have been working on Hyatt’s select service and extended stay brands
for five years and I look forward to continuing to be an integral part
of the Hyatt Place and Hyatt House franchise and managed development
efforts,” said Tierney. “The Hyatt Place and Hyatt House brands have a
strong foothold in urban and dense suburban markets in the U.S., and I
am thrilled to have the opportunity to lead the talented select service
development team as we continue to expand the brands’ presence in new
markets across North America.”

For more information, please visit hyattdevelopment.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 Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a portfolio of 19 premier brands. As of March
31, 2019, the Company’s portfolio included more than 850 properties in
over 60 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®, Alila®
, Andaz®, The
Unbound Collection by Hyatt®
, Destination®
Hyatt
Regency®
, Hyatt®, Hyatt Ziva
, Hyatt
Zilara
, Thompson Hotels®, Hyatt
Centric®
, Hyatt House®, Hyatt Place®, Joie
de Vivre®
tommie™Hyatt
Residence Club® 
and Exhale® brand names,
and operates the World of Hyatt® loyalty program that provides
distinct benefits and exclusive experiences to its valued members. For
more information, please visit www.hyatt.com.

Forward-Looking Statement

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.
Our actual
results, performance or achievements may differ materially from those
expressed or implied by these forward-looking statements. 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 by us and our management,
are inherently uncertain. Factors that may cause our actual results,
performance or achievements to differ materially from current
expectations include, among others, the rate and the pace of economic
recovery following economic downturns; levels of spending in business
and leisure segments as well as consumer confidence; declines in
occupancy and average daily rate; the seasonal and cyclical nature of
the real estate and hospitality businesses; changes in distribution
arrangements, such as through internet travel intermediaries; changes in
the tastes and preferences of our customers; the financial condition of,
and our relationships with, third-party property owners, franchisees,
and hospitality venture partners; the possible inability of third-party
owners, franchisees, or development partners to access capital necessary
to fund current operations or implement our plans for growth; risks
associated with potential acquisitions and dispositions and the
introduction of new brand concepts; the timing of acquisitions and
dispositions, and our ability to successfully integrate completed
acquisitions with existing operations; our ability to successfully
execute on our strategy to expand our management and franchising
business while at the same time reducing our real estate asset base
within targeted timeframes and at expected values; changes in the
competitive environment in our industry, including as a result of
industry consolidation, and the markets where we operate; our ability to
successfully grow the World of Hyatt loyalty program; cyber incidents
and information technology failures; and other risks discussed in the
Company’s filings with the U.S. Securities and Exchange Commission,
including our Annual Report on Form 10-K, which filings are available
from the U.S. Securities and Exchange Commission. These factors are not
necessarily all of the important factors that could cause our actual
results, performance or achievements to differ materially from those
expressed in or implied by any of our forward-looking statements
. We
caution you not to place undue reliance on any forward-looking
statements, which are made only as of the date of this press release. We
undertake no obligation to update publicly any of these forward-looking
statements to reflect actual results, new information or future events,
changes in assumptions or changes in other factors affecting
forward-looking statements, except to the extent required by applicable
law. If we update one or more forward-looking statements, no inference
should be drawn that we will make additional updates with respect to
those or other forward-looking statements.

Contacts

MEDIA CONTACT:
Siân Rylander
Hyatt
+1 312 780 5797
sian.rylander@hyatt.com

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