Hyatt and San Francisco International Airport announce plans for Grand Hyatt Hotel

24

CHICAGO, IL – Hyatt Hotels Corporation and San Francisco International Airport (SFO) officially announced today that a Hyatt affiliate has entered into a management agreement with SFO to brand and manage a 350-room Grand Hyatt hotel. Located on the airport grounds, Grand Hyatt San Francisco International Airport is anticipated to open in mid-2019. Hyatt Hotels Corporation CEO and President Mark Hoplamazian and SFO Airport Director John L. Martin participated in a signing ceremony on January 21 at the SFO Aviation Museum in International Terminal A.

In 2014, SFO, an enterprise department of the City and County of San Francisco, announced plans to develop a new airport-owned hotel to enhance the overall offering of the airport. The San Francisco Airport Commission voted to award the contract to the Grand Hyatt brand under Hyatt’s management in September 2015, and the San Francisco Board of Supervisors approved it in December 2015. With this approval, Hyatt is set to bring its hospitality expertise and award-winning Grand Hyatt brand to SFO, one of the most important airports in the United States, which recently achieved a new all-time passenger traffic record of 50 million annual passengers in 2015.

“Realizing a brand new hotel at our world class San Francisco International Airport has long been part of SFO’s Capital Plan, and I am pleased with this new relationship with Hyatt,” said San Francisco Mayor Ed Lee. “The construction and operation of Grand Hyatt San Francisco International Airport is a major economic win for the entire San Francisco Bay Area region, creating jobs, revenue, and an even better world-class experience for travelers at SFO.”

“We look forward to working closely with the team at SFO, which shares Hyatt’s passion for quality, innovation, service and the creation of a caring environment for its customers, associates and the community it serves,” said Mark Hoplamazian, President and CEO, Hyatt. “The Grand Hyatt project at San Francisco International Airport is consistent with our company’s objective to grow strategically with great partners and in gateway destinations where our loyal guests and meeting planners want us to be.”

“We are excited to work with Hyatt, a world-renowned brand in guest hospitality,” said SFO Airport Director John L. Martin. “With this agreement, we take the first step forward in our vision to create the most innovative, luxurious, and environmentally sustainable on-airport hotel in the world.”