The project will mark the first dual-branded hotels in Europe and the introduction of Hyatt’s select service brands in France Hyatt Hotels Corporation (NYSE: H) announced today plans for the first dual-branded Hyatt Place and Hyatt House hotels in Europe. An affiliate of leading extended-stay operator Cycas Hospitality has entered into a franchise agreement with a Hyatt affiliate. The hotels are being developed by French real estate company Kaufman & Broad. The opening of Hyatt Place Paris Charles De Gaulle Airport and Hyatt House Paris Charles De Gaulle Airport will mark the introduction of Hyatt’s select service brands in France, which will bring the total number of Hyatt-branded hotels in the country to 10. The Hyatt Place and Hyatt House brands are rooted in extensive consumer research indicating that guests seek stylish, comfortable, seamless experiences that accommodate their lifestyles and familiar routines. To embody this, the two brands offer casual hospitality and purposeful service in a smartly designed, high-tech and contemporary environment. Hyatt Place Charles De Gaulle Airport will bring the brand’s intuitive design, casual atmosphere, spacious guestrooms with distinct sleeping and living areas, and practical amenities, such as free Wi-Fi and 24-hour food offerings, to guests looking for a relaxing and uncomplicated place to pause before beginning the next leg of their journey. Hyatt House Charles De Gaulle Airport will offer apartment-style suites with fully equipped kitchens, providing guests with the spaces and places that help make them feel more like home. Together, the two hotels will offer an array of shared services and amenities that meet the needs of transient and extended-stay guests. “We are delighted to announce the first Hyatt Place and Hyatt House dual-branded hotels in France, which highlights the growing relevance of Hyatt’s select service brands by way of franchise agreements in Europe,” said Felicity Black-Roberts, vice president of development – Europe and North Africa, Hyatt. “With this exciting, first of its kind development for Hyatt in Europe, we will be able to cater to a mix of travelers by offering two brands in one location.” Developed by Kaufman & Broad and expected to open in the second half of 2020, the hotels will be located in Paris Nord 2 International Business Park at 241 rue de la Belle Etoile in Roissy, one of the Ile-de-France’s busiest gateways, and home to Europe’s second largest airport, Paris Charles De Gaulle. With a combined total of 430 rooms, the 309-room Hyatt Place hotel and the 121-room Hyatt House hotel will share conference space, an extensive all-day dining/bar facility, a gym, and a large swimming pool, a rare amenity in this location. “We are proud to continue our relationship with Hyatt. Opening our first properties in France is a major milestone in our international rollout plans, taking advantage of the growing and widely untapped market for select service and extended stay hotel concepts in Europe to bridge the gap between hotels and home,” said Asli Kutlucan, partner at Cycas Hospitality. “This realization demonstrates our expertise in hotel residences and proves our ability to respond to the hotel residences industry demand”, said David Laurent, Senior Vice-President Commercial Property and Major Urban Projects of Kaufman & Broad. “It also shows the capacity of Kaufman & Broad to develop several complex projects and meet the expectations of the population density and the new customs of the city.” There are eight Hyatt-branded hotels currently open in France, including Park Hyatt Paris-Vêndome, Hyatt Regency Paris Etoile, Hyatt Regency Paris Charles de Gaulle, Hyatt Paris Madeleine, Hôtel du Louvre, Hôtel Martinez, Hyatt Regency Nice Palais de la Méditerranée and Hyatt Centric La Rosière. Hyatt Regency Chantilly is currently under development and is expected to open in autumn this year. About Hyatt Hotels Corporation Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 14 premier brands. As of December 31, 2017, the Company’s portfolio included more than 700 properties in more than 50 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®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™, Hyatt Residence Club® and exhale® brand names. About Cycas Hospitality Founded in 2008, Cycas Hospitality is hotel management company which specialises in extended-stay properties. Its spacious hotel apartments combine the flexibility of home with classic hotel services. With a total of 2,782 suites and rooms open or under development across 18 hotels, 11 of these are open and three will open in summer 2018. These are in key city centre locations across the UK (London, Liverpool, Manchester, Newcastle) and include Cycas’ first properties in mainland Europe (Amsterdam, Paris). Following recent investment from the family-owned Huakee Group, Cycas intends to grow its portfolio to more than 10,000 guest rooms in the next five years. Having pioneered the branded extended-stay hotel concept in Europe, Cycas is London’s leading operator in this field and a partner of choice for major global hotel franchise brands plus international investors. Cycas delivers a combination of expertise in hotel operations, property development and asset management. Its overarching goal is to become one of the best hospitality employers in the market, making its hotels the best places to work as well as stay. About Kaufman & Broad Kaufman & Broad has been designing, building, and selling single-family homes in communities, apartments, and offices on behalf of third parties for 50 years. Kaufman & Broad is one of the leading French Property Development & Construction companies due to the combination of its size and profitability, and the strength of its brand.