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Hyatt Announces Plan For The First Andaz Resort In Bali

Stocks in this article: H

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with P.T. Wynncor Bali for an Andaz resort in Bali, Indonesia. Upon completion, the hotel will be the first Andaz-branded offering in Southeast Asia.

“We are delighted to introduce the Andaz brand to Indonesia, and honored to strengthen our relationship with P.T. Wynncor Bali, a strong, experienced developer and the owner of Grand Hyatt Bali and Bali Hyatt, which is currently under renovation and will be rebranded as a Hyatt Regency,” said Ratnesh Verma, senior vice president, real estate and development, Asia Pacific for Hyatt Hotels & Resorts. “Located in an established, beautiful vacation destination, Andaz Bali will be a great addition to the Company’s resort portfolio. Andaz Bali will bring the to life the brand’s mission of creating inspiring, indigenous experiences and immersing guests into the destination’s local culture with an array of unique activities.”

“We have worked with Hyatt for more than two decades, and continue to be very satisfied and optimistic about our current and future relationship with the Company,” said Jefri Darmadi, commissioner, P.T. Wynncor Bali. “Working again with Hyatt is an honor for us, and we look forward to introducing Andaz Bali to the region.”

Slated to open in 2016, Andaz Bali will be a beachfront resort designed by international architect Tierra Design, and Japanese interior design firm Spin Design Studio. The hotel will comprise low-rise clusters and pavilions set within dramatic landscaping, and will feature 144 guestrooms and villas, small intimate meeting facilities, multiple dining options, a fitness center, several outdoor swimming pools, and a spa.

About Andaz

Global in scale while local in perspective, Hyatt’s Andaz brand delivers an innovative hospitality experience and attentive, unscripted service designed to accommodate guests’ personal preferences. Hotels in this collection reflect the unique cultural scene and spirit of the surrounding destination through their Andaz Salon events and are dedicated to creating natural and vibrant living spaces where travellers can indulge in their own personal sense of comfort and style. Eleven Andaz hotels are currently open: USA - Andaz 5th Avenue and Andaz Wall Street in New York, Andaz San Diego, Andaz West Hollywood, Andaz Napa, Andaz Savannah, and Andaz Maui at Wailea; Andaz Peninsula Papagayo, Andaz Liverpool Street London; Andaz Amsterdam Prinsengracht; and Andaz Shanghai. Andaz Tokyo Toranomon Hills is expected to open in mid-2014, marking a first for the brand in Japan. For more information, please visit www.andaz.com.

About PT Wynncor

PT Wynncor is the owner of Grand Hyatt Bali and Bali Hyatt, which is currently under renovation and will be rebranded as a Hyatt Regency, and the currently under development Andaz Bali. It is a joint venture between PT Jakarta Setiabudi Internasional Tbk, JC Hotels Hong Kong, and Hyatt International Corporation. PT Jakarta Setiabudi Internasional Tbk., (JSI) established nearly four decades ago. JSI is among the top players in Indonesia’s property development industry. Since it was founded by Mr. Jan Darmadi in 1975, the company has comprehensively developed its portfolio, incorporating hotels, residential, offices and townhouses, and retail properties. As of 2013, JSI managed 18 valuable properties with a total asset market value of approximately US$1.2 billion. JSI is distinguished by a visionary mindset and dynamic corporate culture, nurturing creativity, innovation, teamwork and an unconventional approach. JSI is committed to continuously delivering high growth by persistently innovating and seizing opportunities in such a dynamic business environment.

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