Hyatt announces signing for 216-room Hyatt Centric Sapporo

Hyatt announces signing for 216-room Hyatt Centric Sapporo

The first Hyatt Centric hotel in Hokkaido, northern Japan, is slated to open in 2024

CHICAGO, IL, 2022-Jul-02 — /Travel PR News/ — Hyatt Hotels Corporation (NYSE: H) announced today (June 29, 2022) that a Hyatt affiliate has entered into a management agreement with NTT Urban Development Corporation for Hyatt Centric Sapporo. Slated to open in 2024, the 216-room hotel will mark the third Hyatt Centric property in Japan, following Hyatt Centric Ginza Tokyo and Hyatt Centric Kanazawa. The hotel will be the first Hyatt Centric hotel in Hokkaido, northern Japan, and signifies Hyatt’s focus on growing its lifestyle brand portfolio in the Asia Pacific region.

Hyatt Centric Sapporo will be the ideal home base for savvy, modern explorers with its prime location in the heart of the city. The hotel will be adjacent to one of Hokkaido’s most famous landmarks, the historic Akarenga-chosha, formerly Hokkaido’s government office, and situated near Odori Park, the city’s famous green oasis that is popular with local residents and host to major events such as Sapporo Snow Festival. The hotel will be a few minutes’ walk from the Odori subway station through an underground walkway and a 10-minute walk from the centrally located JR Sapporo station.

Known for its many attractions, Sapporo is a popular destination for adventurous Japanese and international travelers alike. Each winter, the city hosts the famous Sapporo Snow Festival, attracting visitors from around the world with its fascinating transformation of snow sculptures and ice installations, skating rinks, snow hills, Hokkaido-specialty gourmet options, and much more. Sapporo is also the urban gateway to the island’s fantastic ski resorts, relaxing onsens (hot springs), as well as beautiful national parks and mountains.

The hotel will be part of a new 26-story building complex that is currently under construction. Hyatt Centric Sapporo will occupy the complex’s upper floors, offering modern accommodations with panoramic views, two dining outlets, and multi-functional spaces for banquets and events.

“We are honored to collaborate with NTT Urban Development Corporation on the first Hyatt Centric hotel in Hokkaido, one of Japan’s most fascinating destinations,” said Sam Sakamura, Hyatt’s vice president – Japan and Micronesia. “As the third Hyatt Centric hotel in Japan, we continue to expand Hyatt’s lifestyle brand presence to better meet the diverse needs of the market and travelers, and we look forward to welcoming guests to discover Sapporo’s vibrant culture, thriving food scene and Hokkaido’s spectacular landscapes.”

Hiroshi Tsujigami, President and Chief Executive Officer of NTT Urban Development Corporation said, “We are pleased to bring a Hyatt Centric hotel to Sapporo, especially in such a prime central location near the historical heart and key attractions of the city. Hokkaido is one of the most popular tourist destinations in Japan and Sapporo is the heart of Hokkaido, so we are delighted to work with Hyatt to bring Hyatt Centric Sapporo to life, and expect it to bring new energy to the city, while being the preferred choice for today’s modern travelers.

About Hyatt Centric

Hyatt Centric is a brand of full-service lifestyle hotels located in prime destinations. Created to connect guests to the heart of the action, Hyatt Centric hotels are thoughtfully designed to enable exploration and discovery so they never miss a moment of adventure. Each hotel offers social spaces to connect with others in the lobby, meanwhile the bar and restaurant are local hot spots where great conversations, locally inspired food and signature cocktails can be enjoyed. Streamlined modern rooms focus on delivering everything guests want and nothing they don’t. A passionately engaged team is there to provide local expertise on the best food, nightlife and activities the destination has to offer. For more information, please visit hyattcentric.com. Follow @HyattCentric on Facebook and Instagram, and tag photos with #HyattCentric.

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 March 31, 2022, the Company’s portfolio included more than 1,150 hotels and all-inclusive properties in 71 countries across six continents. The Company’s offering includes 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®, Zoëtry® Wellness & Spa Resorts, Vivid Hotels & Resorts®, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Unlimited Vacation Club®, Amstar DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

Forward-Looking Statements

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 actual results to differ materially from current expectations include, but are not limited to, risks associated with the acquisition of Apple Leisure Group (“ALG”), including the related incurrence of material additional indebtedness; our ability to realize the anticipated benefits of the acquisition of ALG as rapidly or to the extent anticipated, including successful integration of the ALG business; the duration and severity of the COVID-19 pandemic and the pace of recovery following the pandemic, any additional resurgence, or COVID-19 variants; the short and long-term effects of the COVID-19 pandemic, including on the demand for travel, transient and group business, and levels of consumer confidence; the impact of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants, and the impact of actions that governments, businesses, and individuals take in response, on global and regional economies, travel limitations or bans, and economic activity, including the duration and magnitude of its impact on unemployment rates and consumer discretionary spending; the broad distribution and efficacy of COVID-19 vaccines and treatments, wide acceptance by the general population of such vaccines, and the availability, use, and effectiveness of COVID-19 testing, including at-home testing kits; the ability of third-party owners, franchisees, or hospitality venture partners to successfully navigate the impacts of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and the pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geo-political conditions, including political or civil unrest or changes in trade policy; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters such as earthquakes, tsunamis, tornadoes, hurricanes, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; our ability to successfully achieve certain levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; 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; relationships with colleagues and labor unions and changes in labor laws; 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; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); 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; declines in the value of our real estate assets; unforeseen terminations of our management or franchise agreements; changes in federal, state, local, or foreign tax law;  increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, including as a result of the COVID-19 pandemic, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; violations of regulations or laws related to our franchising business; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K and our Quarterly Reports on Form 10-Q, which filings are available from the SEC. 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.

MEDIA CONTACT:

Glennie Janssen
Hyatt
glennie.janssen@hyatt.com

Chie Hayakawa
Hyatt – Japan and Micronesia
chie.hayakawa@hyatt.com

Source: Hyatt Hotels Corporation

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