The hotel is anticipated to open early 2026 in
the city’s upscale @580 commercial complex in the heart of downtown
Cincinnati
Hyatt Hotels Corporation (NYSE: H) and Birkla Investment Group
announced today plans for Hyatt Centric Cincinnati, slated to open
in 2026. The 170-room hotel will mark the entry of the Hyatt
Centric brand in Ohio and will offer easy access to the heart of
bustling downtown Cincinnati. The property is owned by Birkla
Investment Group and managed by Commonwealth Hotels.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20250219257987/en/
Hyatt Centric Cincinnati Exterior
Rendering (Photo: Business Wire)
“Hyatt is thrilled to expand its Hyatt Centric brand in the
urban markets that our guests and World of Hyatt members seek most,
particularly in vibrant city centers like Cincinnati, known for its
rich culture and close community,” said Dan Hansen, global head of
Americas development at Hyatt. “The guest journey at Hyatt Centric
Cincinnati will start the moment they step through our doors,
inspiring them to explore and dive into everything the city has to
offer.”
Each guestroom will be designed with modern, timeless style
Inspired by the destination, partnering with local artists for
unique touches in decor and design that adds layer and texture to
the space. Colorful inserts that brighten and amuse will give
guestrooms a sense of inspired adventure. Hyatt Centric Cincinnati
will be a reflection of the surrounding Cincinnati community,
creating a connection between guests and the destination, enhancing
their overall experience and sense of place.
"Birkla Investment Group is excited to continue the great
history of the AT580 building with the development of the Hyatt
Centric Hotel,” said Tony Birkla, owner of Birkla Investment Group.
“As part of this iconic project, AT580, a premier residential
mixed-use facility, will be transformed to include hotel rooms and
upscale restaurants, marking a first for Cincinnati. This
development blends the building’s rich history with modern luxury,
offering a dynamic space that caters to both residents and
visitors, making it a vibrant cornerstone of downtown
Cincinnati."
Hyatt Centric hotels serve as a launchpad for savvy travelers to
explore all that a destination has to offer. With its central
location in the @580 building, the hotel will be just steps away
from key attractions, local hotspots, and vibrant cultural
experiences. The hotel will offer modern amenities that ensure
comfort and convenience while preparing visitors for an
adventure-filled day. From art lovers and foodies to sports
enthusiasts, Hyatt Centric Cincinnati will provide easy access to
everything guests need to dive into the local scene.
“Hyatt’s decision to invest in Cincinnati is a testament to the
momentum of our urban core,” said Mayor Aftab Pureval of
Cincinnati. “The Hyatt Centric brand embodies the vibrancy and
energy of our great city, and we couldn’t be more excited about
adding such a high-profile brand to our city’s hotel options. I’m
thrilled to welcome the Hyatt family to this cornerstone of
Downtown Cincinnati.”
To learn more about the Hyatt Centric brand, please visit
https://www.hyatt.com/brands/hyatt-centric.
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 guided by its purpose – to care for
people so they can be their best. As of December 31, 2024, the
Company's portfolio included more than 1,400 hotels and
all-inclusive properties in 79 countries across six continents. The
Company's offering includes brands in the Luxury Portfolio,
including Park Hyatt®, Alila®, Miraval®,
Impression by Secrets, and The Unbound Collection by
Hyatt®; the Lifestyle Portfolio, including Andaz®,
Thompson Hotels®, The Standard®, Dream®
Hotels, The StandardX, Breathless Resorts &
Spas®, JdV by Hyatt®, Bunkhouse® Hotels,
and Me and All Hotels; the Inclusive Collection, including
Zoëtry® Wellness & Spa Resorts, Hyatt
Ziva®, Hyatt Zilara®, Secrets® Resorts &
Spas, Dreams® Resorts & Spas, Hyatt Vivid
Hotels & Resorts, Sunscape® Resorts &
Spas, and Alua Hotels & Resorts®; the Classics
Portfolio, including Grand Hyatt®, Hyatt Regency®,
Destination by Hyatt®, Hyatt Centric®, Hyatt
Vacation Club®, and Hyatt®; and the Essentials
Portfolio, including Caption by Hyatt®, Hyatt Place®,
Hyatt House®, Hyatt Studios, and UrCove.
Subsidiaries of the Company operate the World of Hyatt® loyalty
program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation
Club®, Amstar® DMC destination management services, and Trisept
Solutions® technology services. For more information, please visit
www.hyatt.com.
About Hyatt Centric
Hyatt Centric is a brand of full-service modern boutique 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 contemporary 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.
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. These
statements include statements about our plans, strategies, outlook,
expected new openings and timing of such openings, growth of new
brands, expected owner preference for our brands and expected
profitability, prospects or future events and involve known and
unknown risks that are difficult to predict. As a result, 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: general economic uncertainty in key global markets and
a worsening of global economic conditions or low levels of economic
growth; the rate and 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
geopolitical 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, weather
and climate-related events, such as earthquakes, tsunamis,
tornadoes, hurricanes, droughts, 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 owners, franchisees, and
hospitality venture partners; the possible inability of third-party
owners, franchisees, or development partners to access the capital
necessary to fund current operations or implement our plans for
growth; risks associated with potential 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 our strategy to expand our management and
hotels services and franchising business while at the same time
reducing our real estate asset base within targeted timeframes and
at expected values; our ability to maintain effective internal
control over financial reporting and disclosure controls and
procedures; declines in the value of our real estate assets;
unforeseen terminations of our management and hotels services 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; risks associated with the introduction of new brand
concepts, including 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, 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; and violations of regulations or laws
related to our franchising business and licensing businesses and
our international operations; and other risks discussed in the
Company's filings with the SEC, including our annual reports on
Form 10-K and quarterly reports on Form 10-Q, which filings are
available from the SEC. All forward-looking statements attributable
to us or persons acting on our behalf are expressly qualified in
their entirety by the cautionary statements set forth above. 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 do not undertake or assume any 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250219257987/en/
Emily Mekstan Hyatt Emily.mekstan@hyatt.com
Hyatt Hotels (NYSE:H)
Graphique Historique de l'Action
De Fév 2025 à Mar 2025
Hyatt Hotels (NYSE:H)
Graphique Historique de l'Action
De Mar 2024 à Mar 2025
