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Hyatt Pursues European Growth With Plans For A New Park Hyatt Hotel In Mallorca

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Cap Vermell Hotel Proyectos y Promociones, S.L., a Spanish real estate development company, for a new Park Hyatt hotel in Mallorca. Park Hyatt Mallorca will be the first Hyatt-branded hotel in Mallorca, an island in the Mediterranean Sea off the eastern coast of Spain.

Scheduled to open in 2015, the 142-room luxury resort hotel will be built in the style of a traditional Mallorquin hilltop village with references to local art and culture. While pursuing a traditional style, the hotel will employ state of the art technologies and facilities that are standard across Hyatt hotels. Hotel amenities will include two restaurants; a lounge bar serving coffee, sandwiches and light snacks; a poolside bar offering seasonal snacks; a separate beach club; more than 13,000 square feet (1,200 sq m) of meeting and event space; and a 13,000 square foot (1,290 sq m) spa and fitness center.

“Mallorca is one of Europe’s most beautiful areas, and we believe that Park Hyatt Mallorca will deliver an unprecedented level of luxury and unrivalled hospitality experience to guests,” said Peter Norman, Senior Vice President, Real Estate and Development for EAME, Hyatt Hotels & Resorts. “Spain continues to be one of the most popular tourist destinations in the world, and Park Hyatt Mallorca will enable Hyatt to further enhance its visibility in Europe and further pursue its strategy to increase its brand presence in the region and new markets.”

“We are pleased to work with Hyatt on the first Hyatt-branded hotel in Mallorca,” said Antonio Mir Martinez, Managing Director, Cap Vermell Hotel Proyectos y Promociones, S.L. “Hyatt is known for providing authentic hospitality to its guests, and we believe the hotel’s prime location overlooking the Canyamel valley and the Park Hyatt brand will deliver an exceptional hospitality experience to guests visiting Mallorca.”

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