Global Hyatt Corporation and GICSA Announce Management Agreement for Park Hyatt Mexico City - Reforma



    Luxury Hotel in Mexico City to Open in 2009

    MEXICO CITY, April 17 /CNW/ - In a joint press conference today in Mexico
City, Global Hyatt Corporation and GICSA announced the latest addition to the
prestigious Park Hyatt portfolio, Park Hyatt Mexico City - Reforma. Located
within the impressive Capital Reforma development, a new multi-purpose complex
comprised of offices, high-end luxury Park Hyatt Residences and exclusive
retail shops, Park Hyatt Mexico City is slated to open in late 2009.

    With 150 luxury guest rooms and suites, the hotel will feature modern
architectural design combined with rich residential interiors, two creative
restaurant concepts, a lounge and elegant bar - all designed to appeal to both
hotel guests and local residents. Banquet and meeting options will include a
variety of flexible spaces, incorporating natural light and space into the
design. In addition, the hotel will serve as a modern urban retreat, featuring
a luxurious two-floor spa and convenient, exclusive access to the complex's
heliport.

    "We are delighted to be returning to the exciting city of Mexico after an
absence of more than 20 years," remarked Myles McGourty, Hyatt's area vice
president, Latin America. "We are particularly proud to be associated with
GICSA and this important development, Capital Reforma, in the heart of this
fast-growing financial and residential center of Mexico City."

    "Park Hyatt Mexico City - Reforma is important to Hyatt as it is the
first in a series of new developments that we are planning to add to our
Mexican portfolio over the next few years in both resort and city locations,"
he added.

    "The opportunity to work with Global Hyatt Corporation is an important
recognition of the high caliber of work that GICSA and our partners have
accomplished on this development," commented Guillermo Sanchez, Director for
the Hotels and Resorts Business Unit of GICSA. "Park Hyatt Mexico City will be
a landmark in our city.

    "The ability to link the prestige, history and experience of our
companies brings even greater cachet to the Capital Reforma project," Sanchez
added. "The strength of this union will be translated into great value and
benefits for our future clients.

    Hyatt's top-tier luxury brand, Park Hyatt hotels are intimate and
residential in style, promising elegant and gracious service on a highly
personalized scale. Park Hyatt hotels are further distinguished by prime
locations and exceptional interior design. Hyatt International Corporation
operates 24 Park Hyatt brand hotels in 17 countries, with an additional eight
hotels under development. This will be the first Park Hyatt hotel in Mexico,
which will join its award-winning sister properties in Latin America, Palacio
Duhau - Park Hyatt Buenos Aires and Park Hyatt Mendoza - Hotel, Casino & Spa,
both in Argentina.

    Hyatt International also operates two Grand Hyatt properties in South
America (in Santiago, Chile and Sao Paulo, Brazil) as well as an additional
five hotels in Mexican destinations including Acapulco, Cancun, Merida and
Villahermosa.

    ABOUT GLOBAL HYATT CORPORATION

    Global Hyatt Corporation, one of the world's premier hotel companies,
offers today's travelers over 735 hotels and resorts (over 136,000 rooms) in
more than 44 countries. The company's affiliates own, operate, manage and
franchise Hyatt branded hotels and resorts under the Park Hyatt(R), Grand
Hyatt(R), Hyatt Regency(R), Hyatt Resorts(R), Hyatt(R), Hyatt Place(TM) and
Hyatt Summerfield Suites(R) brands. Global Hyatt Corporation is also the owner
of Hyatt Vacation Ownership, Inc. operator of the Hyatt Vacation Club and
fractional residential properties and U.S. Franchise Systems, Inc., which
franchises Hawthorn Suites and Microtel Inns and Suites.

    From the U.S. and Canada, reservations for any Hyatt hotel worldwide may
be obtained by calling 1-800-233-1234 or logging onto www.hyatt.com.

    ABOUT GICSA

    Comprised of Mexican investors, GICSA is a leader in the real estate
development industry in Mexico with operations in 40 percent of the country in
different ventures, such as: commercial plazas, corporate centers, industrial
parks, residential developments, and hotels and resorts. In addition to
GICSA's domestic reach, the organization has a presence in the United States
which includes Texas, Nevada and Florida, where it has consolidated its
leadership with more than eight residential projects, four of them already
completed and the rest in development. For more information about GICSA,
please log on to www.gicsa.com.mx.

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For further information:

For further information: Global Hyatt Corporation Katie Meyer Chicago,
IL, USA +1 312.780.5711 katie.meyer@corphq.hyatt.com or Asuntos Publicos y
Comunicacion Gicsa Mario Avila Roque Mexico D.F., Mexico +55 51.48.09.76
mavila@cabimail.com.mx

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GLOBAL HYATT CORPORATION

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