The luxury lifestyle brand Andaz continues to
grow across Europe
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt
affiliate has entered into a management agreement for the first
Hyatt property in the Czech Republic. The “Sugar Palace” hotel
project, currently being developed by UBM Development AG, will
become the new Andaz Prague. Located at Senovážné Square, only a
short walk from Prague’s world-famous Old Town, the 175-room hotel
is expected to open in 2022.
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Andaz Prague guestroom rendering (Photo:
Business Wire)
Andaz Prague will be among the first luxury lifestyle hotels in
the Czech capital. A juxtaposition of heritage and modernity, and
echoing the sights, sounds, scents and tastes of its surroundings,
Andaz Prague will create a stay that immerses curious travelers and
neighborhood guests in the very best of its locale.
Originally built in 1916, the neoclassical landmark, commonly
known as the Sugar Palace, features a unique architectural design
and will provide unscripted access to the rich heritage and history
of Prague. The most important sights can be easily reached by foot
allowing guests to experience the city’s unique flair. Andaz Prague
will feature three distinct food and beverage outlets,
approximately 4,840 square feet (450 square meters) of event space,
a fitness center and a spa.
“Prague has been a popular destination particularly since the
Velvet Revolution 30 years ago,” said Takuya Aoyama, vice president
development, Hyatt. “This city of Mozart, Mucha and Hrabal
continues to inspire people to explore its rich offerings. With the
addition of Andaz Prague, we are excited for Hyatt to have a brand
presence in the three imperial cities of Europe – Vienna, Budapest
and Prague – and grow our opportunities to cater to the luxury
demand.”
“It is wonderful to be working alongside Hyatt to bring the
Andaz brand to the Czech Republic. This hotel has great potential
for those wishing to explore Prague, and we believe that the Andaz
brand is the perfect choice for this culturally rich city,” said
Thomas Winkler, CEO of UBM Development AG. “With our long-standing
expertise as Europe’s leading hotel developer, we will transform
this truly exceptional building in a new jewel of Prague’s hotel
landscape.”
The growing demand in Europe for unique experiences and
personalized service has led to the Andaz brand welcoming two new
properties this year in Europe - Andaz Munich Schwabinger Tor and
Andaz Vienna Am Belvedere, which joined Andaz London Liverpool
Street and Andaz Amsterdam Prinsengracht.
For more information about the Andaz brand, please visit:
https://www.hyatt.com/brands/andaz.
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 Andaz
Global in scale while local in perspective, the Andaz brand of
luxury hotels weaves the sights, sounds, and tastes of each
property’s surroundings for a distinctively local experience.
Through thoughtful, unscripted service tailored for travelers,
Andaz hotels enable guests to go beyond the familiar and satiate
their curiosity while immersing them in the spirit of the eclectic
culture around them. Twenty-one Andaz hotels are currently open:
Andaz 5th Avenue and Andaz Wall Street in New York, Andaz San
Diego, Andaz West Hollywood, Andaz Napa, Andaz Scottsdale Resort
& Bungalows, Andaz Savannah, Andaz Maui at Wailea Resort, Andaz
Munich Schwabinger Tor, Andaz Ottawa ByWard Market, Andaz Mayakoba
Resort Riviera Maya, Andaz Costa Rica Resort at Peninsula Papagayo,
Andaz London Liverpool Street, Andaz Amsterdam Prinsengracht, Andaz
Singapore, Andaz Delhi, Andaz Xintiandi in Shanghai, Andaz Tokyo
Toranomon Hills, Andaz Seoul Gangnam, Andaz Capital Gate Abu Dhabi,
and Andaz Vienna Am Belvedere. For more information, please visit
andaz.com. Follow @Andaz on Facebook, Twitter and Instagram, and
tag photos with #WhenInAndaz.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company with a portfolio of 20 premier brands.
As of September 30, 2019, the Company's portfolio included more
than 875 properties in over 60 countries across six continents. The
Company's purpose to care for people so they can be their best
informs its business decisions and growth strategy and is intended
to attract and retain top colleagues, build relationships with
guests and create value for shareholders. The Company's
subsidiaries develop, own, operate, manage, franchise, license or
provide services to hotels, resorts, branded residences, vacation
ownership properties, and fitness and spa locations, including
under the Park Hyatt®, Miraval®, Grand
Hyatt®, Alila®, Andaz®, The Unbound Collection
by Hyatt®, Destination®, Hyatt
Regency®, Hyatt®, Hyatt Ziva™, Hyatt
Zilara™, Thompson Hotels®, Hyatt
Centric®, Caption by Hyatt, Joie de Vivre®,
Hyatt House®, Hyatt Place®, tommie™, Hyatt
Residence Club® and Exhale® brand names, and operates
the World of Hyatt® loyalty program that provides distinct benefits
and exclusive experiences to its valued members. For more
information, please visit www.hyatt.com.
About UBM Development AG
UBM Development is the leading hotel developer in Europe. Its
strategic focus is on the three asset classes Hotel, Residential
and Office and on major European metropolitan areas as Vienna,
Berlin, Munich or Prague. With over 145 years of experience, UBM
focuses on its core competency, the development of real estate. The
Group acts as a one-stop provider for the entire development value
chain from initial planning all the way to marketing the property.
UBM’s shares are listed in the Prime Market, the segment with the
highest transparency requirements on the Vienna Stock Exchange.
Forward-Looking Statement
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
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include, among others, the rate and the pace of economic recovery
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MEDIA CONTACTS: Simone Loretan Hyatt – Europe, Africa and
the Middle East +41 44 279 1226 simone.loretan@hyatt.com
Brittany Umphred Hyatt 908.873.4517
brittany.umphred@hyatt.com
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