\nHyatt Hotels Corporation (“Hyatt,” “the Company,” “we,” “us,” or “our”) (NYSE: H) today reported fourth quarter and full year 2024 results. Highlights include:<\/p>\n
This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250213945165\/en\/<\/a><\/p>\n Hyatt Full Year 2024 Infographic<\/p>\n<\/div>\n Mark S. Hoplamazian, President and Chief Executive Officer of Hyatt<\/b>, said, “The purposeful evolution of our business model and strong brand focus has accelerated our network effect benefiting each of our stakeholders. Our fourth quarter results demonstrate the strength of our commercial offerings, as evidenced by the growth of the World of Hyatt loyalty program, which reached approximately 54 million members. Our operating results and industry leading net rooms growth allowed us to achieve record levels of gross fees while returning over $1.2 billion to shareholders in 2024.”<\/p>\n Fourth Quarter Results and Highlights<\/span><\/b><\/p>\n (in millions)<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Three Months Ended<\/b><\/p>\n December 31,<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Change (%)<\/b><\/p>\n<\/td>\n<\/tr>\n \nManagement and franchising<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n219<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n205<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nOwned and leased<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n57<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n90<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(36.5<\/p>\n<\/td>\n \n)%<\/p>\n<\/td>\n<\/tr>\n \nDistribution<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n20<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n199.6<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nOverhead<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(41<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(52<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n21.8<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nEliminations<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(51.4<\/p>\n<\/td>\n \n)%<\/p>\n<\/td>\n<\/tr>\n Adjusted EBITDA<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 255<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 249<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2.4<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nAdjusted EBITDA increased 20.3% in the fourth quarter of 2024, compared to the same period in 2023, when adjusted for the net impact of asset sales.<\/p>\n Openings and Development<\/span><\/b><\/p>\n \nIn the fourth quarter, 81 new hotels (or 20,721 rooms) joined Hyatt’s portfolio, inclusive of properties acquired through the Standard International and Bahia Principe transactions. Notable openings included Grand Hyatt Deer Valley, Dreams Madeira Resort Spa & Marina, Park Hyatt London River Thames, Thompson Palm Springs, and nine UrCove properties.<\/p>\n \nAs of December 31, 2024, the Company had a pipeline of executed management or franchise contracts for approximately 720 hotels (or approximately 138,000 rooms), representing pipeline expansion of approximately 9% year over year.<\/p>\n Transactions and Capital Strategy<\/span><\/b><\/p>\n \nDuring the fourth quarter of 2024, the Company:<\/p>\n \nOn February 10, 2025, the Company announced it entered into an agreement to acquire all outstanding shares of Playa Hotels & Resorts N.V. (“Playa”) for $13.50 per share, or approximately $2.6 billion, inclusive of approximately $900 million of debt, net of cash (“Playa Transaction”). At closing, the Company expects to announce a new commitment to realize at least $2.0 billion of proceeds from asset sales by the end of 2027. This commitment may include existing assets owned by Hyatt and properties owned by Playa. The Company expects its asset-light earnings mix to exceed 90% on a pro forma basis in 2027. At closing, the Company expects to fund 100% of the acquisition with new debt financing, and, following the close of the transaction, the Company expects to pay down over 80% of that financing with anticipated proceeds from the aforementioned asset sales.<\/p>\n Balance Sheet and Liquidity<\/span><\/b><\/p>\n \nAs of December 31, 2024, the Company reported the following:<\/p>\n \nOn November 20, 2024, the Company issued and sold $150 million of senior notes due 2029 at an issue price of 99.693%, forming a single series of an aggregate $600 million of 5.250% senior notes due 2029, of which $450 million principal amount was issued on June 17, 2024, and $450 million of 5.375% senior notes due 2031 at an issue price of 99.745%. In the fourth quarter, the Company received approximately $594 million of net proceeds, after deducting underwriting discounts and other offering expenses, and intends to use the net proceeds from the offering to repay all of the 5.375% senior notes due 2025 at or prior to their maturity on April 23, 2025.<\/p>\n \nThe Company repurchased a total of 69,194 shares of Class A common stock for approximately $11 million in the fourth quarter and repurchased a total of 4,362,776 shares of Class A and 3,629,480 shares of Class B common stock for approximately $1,190 million for the full year of 2024. The Company ended the fourth quarter with 42,613,090 Class A and 53,531,579 Class B shares issued and outstanding. During the full year of 2024, the Company returned $1,250 million to shareholders, inclusive of dividends and share repurchases. As of December 31, 2024, the Company has approximately $971 million remaining under its share repurchase authorization.<\/p>\n \nThe Company’s board of directors has declared a cash dividend of $0.15 per share for the first quarter of 2025. The dividend is payable on March 12, 2025 to Class A and Class B stockholders of record as of February 28, 2025.<\/p>\n 2025 Outlook<\/span><\/b><\/p>\n \nThe Company is providing the following outlook for the 2025 fiscal year. Refer to slide 13 in the fourth quarter and full year 2024 investor presentation for Adjusted EBITDA outlook growth, adjusted for asset sales. The Company is not providing an outlook for capital returns to shareholders at this time due to the pending Playa Transaction.<\/p>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Full Year 2025 vs. 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \nSystem-Wide Hotels RevPAR1<\/sup> Growth<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2.0% to 4.0%<\/p>\n<\/td>\n<\/tr>\n \nNet Rooms Growth<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6.0% to 7.0%<\/p>\n<\/td>\n<\/tr>\n (in millions)<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Full Year 2025<\/b><\/p>\n<\/td>\n<\/tr>\n \nNet Income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$190 – $240<\/p>\n<\/td>\n<\/tr>\n \nGross Fees<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$1,200 – $1,230<\/p>\n<\/td>\n<\/tr>\n \nAdjusted G&A Expenses2, 3<\/sup><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$450 – $460<\/p>\n<\/td>\n<\/tr>\n \nAdjusted EBITDA2<\/sup><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$1,100 – $1,150<\/p>\n<\/td>\n<\/tr>\n \nCapital Expenditures<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nApprox. $150<\/p>\n<\/td>\n<\/tr>\n \nAdjusted Free Cash Flow2<\/sup><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$450 – $500<\/p>\n<\/td>\n<\/tr>\n<\/table>\n 1<\/sup> RevPAR is based on constant currency whereby previous periods are translated based on the current period exchange rate. System-wide hotels RevPAR growth percentage for 2025 vs. 2024 is based on comparable hotels.<\/p>\n<\/td>\n<\/tr>\n 2<\/sup> Refer to the tables on schedule A-11 for a reconciliation of estimated net income attributable to Hyatt Hotels Corporation to Adjusted EBITDA, G&A expenses to Adjusted G&A Expenses, and net cash provided by operating activities to Free Cash Flow and Adjusted Free Cash Flow.<\/p>\n<\/td>\n<\/tr>\n 3<\/sup> During the year ended December 31, 2024, the Company revised its definition of Adjusted EBITDA to exclude transaction and integration costs and recast prior-period results to provide comparability. Refer to page A-6 of the schedules for additional detail.<\/p>\n<\/td>\n<\/tr>\n \nNo disposition or acquisition activity beyond what has been completed as of the date of this release has been included in the 2025 Outlook. The Company’s 2025 Outlook is based on a number of assumptions that are subject to change and many of which are outside the control of the Company. If actual results vary from these assumptions, the Company’s expectations may change. There can be no assurance that Hyatt will achieve these results.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Refer to the table on schedule A-8 for a summary of special items impacting Adjusted Net Income (Loss) and Adjusted Diluted EPS in the three months and year ended December 31, 2024 and December 31, 2023.<\/i><\/p>\n Note: All RevPAR growth and ADR growth percentage changes are in constant dollars. All Net Package RevPAR growth and Net Package ADR growth percentage changes are in reported dollars. This release includes references to non-GAAP financial measures. Refer to the non-GAAP reconciliations included in the schedules and the definitions of the non-GAAP measures presented beginning on schedule A-6.<\/i><\/p>\n Conference Call Information<\/span><\/b><\/p>\n \nThe Company will hold an investor conference call this morning, February 13, 2025, at 9:00 a.m. CT.<\/p>\n \nParticipants may listen to a simultaneous webcast of the conference call, which may be accessed through the Company’s website at investors.hyatt.com. Alternatively, participants may access the live call by dialing: 800.715.9871 (U.S. Toll-Free) or 646.307.1963 (International Toll Number) using conference ID# 2303828 approximately 15 minutes prior to the scheduled start time.<\/p>\n \nA replay of the call will be available Thursday, February 13, 2025 at 12:00 p.m. CT until Wednesday, February 19, 2025 at 10:59 p.m. CT by dialing: 800.770.2030 (U.S. Toll-Free) or 647.362.9199 (International Toll Number) using conference ID# 2303828. An archive of the webcast will be available on the Company’s website for 90 days.<\/p>\n Forward-Looking Statements<\/span><\/b><\/p>\n 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 the Company’s plans, strategies, outlook, the number of properties we expect to open in the future, the expected timing and payment of dividends, the Company’s 2025 outlook, including the Company’s expected System-wide Hotels RevPAR Growth, Net Rooms Growth, Net Income, Gross Fees, Adjusted G&A Expenses, Adjusted EBITDA, Capital Expenditures, and Adjusted Free Cash Flow, the proposed Playa acquisition and our ability to consummate and finance the acquisition, method of financing the acquisition, outcomes of the proposed acquisition, including impact on asset-light earnings mix, our ability to reduce our owned real estate asset base within targeted timeframes and at expected values, financial performance, prospective or future events and involve known and unknown risks that are difficult to predict. As a result, the Company’s 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 the Company and the Company’s management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the effects that the announcement or pendency of the proposed Playa acquisition may have on us, Playa and our respective business and ability to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom we or they do business; inability to obtain required regulatory or government approvals or to obtain such approvals on satisfactory conditions; inability to obtain sufficient stockholder tender of Playa ordinary shares, stockholder approval or to satisfy other closing conditions; inability to obtain financing; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive agreement; the effects that any termination of the definitive agreement may have on us or our business; failure to successfully complete the proposed acquisition; legal proceedings that may be instituted related to the proposed acquisition; significant and unexpected costs, charges or expenses related to the proposed acquisition; risks associated with potential divestitures, including of Playa real estate or business; ability or failure to successfully integrate the acquisition with existing operations; ability to realize anticipated synergies or obtain the results anticipated; 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 hurricanes, earthquakes, tsunamis, tornadoes, 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 specified 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 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 hotel services agreements 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 manage the 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 the Company 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.<\/i><\/p>\n Non-GAAP Financial Measures<\/span><\/b><\/p>\n \nThe Company refers to certain financial measures that are not recognized under U.S. generally accepted accounting principles (GAAP) in this press release, including: Adjusted Net Income; Adjusted Diluted EPS; Adjusted EBITDA; Adjusted G&A Expenses; Free Cash Flow; and Adjusted Free Cash Flow. See the schedules to this earnings release, including the “Definitions” section, for additional information and reconciliations of such non-GAAP financial measures.<\/p>\n Availability of Information on Hyatt’s Website and Social Media Channels<\/span><\/b><\/p>\n \nInvestors and others should note that Hyatt routinely announces material information to investors and the marketplace using U.S. Securities and Exchange Commission (SEC) filings, press releases, public conference calls, webcasts, and the Hyatt Investor Relations website. The Company uses these channels as well as social media channels (e.g., the Hyatt Facebook account (facebook.com\/hyatt); the Hyatt Instagram account (instagram.com\/hyatt); the Hyatt LinkedIn account (linkedin.com\/company\/hyatt); the Hyatt TikTok account (tiktok.com\/@hyatt); the Hyatt X account (x.com\/hyatt); and the Hyatt YouTube account (youtube.com\/user\/hyatt)) as a means of disclosing information about the Company’s business to its guests, customers, colleagues, investors, and the public. While not all of the information that the Company posts to the Hyatt Investor Relations website or on the Company’s social media channels is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media, and others interested in Hyatt to review the information that it shares at the Investor Relations link located at the bottom of the page on hyatt.com and on the Company’s social media channels. Users may automatically receive email alerts and other information about the Company when enrolling an email address by visiting “Investor Email Alerts” in the “Resources” section of Hyatt’s website at investors.hyatt.com. The contents of these websites are not incorporated by reference into this press release or any report or document Hyatt files with the SEC, and any references to the websites are intended to be inactive textual references only.<\/p>\n About Hyatt Hotels Corporation<\/span><\/b><\/p>\n \nHyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose \u2013 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<\/i>, including Park Hyatt<\/i><\/b>\u00ae, Alila<\/i><\/b>\u00ae, Miraval<\/i><\/b>\u00ae, Impression by Secrets<\/i><\/b>, and The Unbound Collection by Hyatt<\/i><\/b>\u00ae; the Lifestyle Portfolio<\/i>, including Andaz<\/i><\/b>\u00ae, Thompson Hotels<\/i><\/b>\u00ae, The Standard<\/i><\/b>\u00ae, Dream<\/i><\/b>\u00ae Hotels<\/i><\/b>, The StandardX<\/i><\/b>, Breathless Resorts & Spas<\/i><\/b>\u00ae, JdV by Hyatt<\/i><\/b>\u00ae, Bunkhouse<\/i><\/b>\u00ae Hotels<\/i><\/b>, and Me and All Hotels<\/i><\/b>; the Inclusive Collection<\/i>, including Zo\u00ebtry<\/i><\/b>\u00ae Wellness & Spa Resorts<\/i><\/b>, Hyatt Ziva<\/i><\/b>\u00ae, Hyatt Zilara<\/i><\/b>\u00ae, Secrets<\/i><\/b>\u00ae Resorts & Spas<\/i><\/b>, Dreams<\/i><\/b>\u00ae Resorts & Spas<\/i><\/b>, Hyatt Vivid Hotels & Resorts<\/i><\/b>, Sunscape<\/i><\/b>\u00ae Resorts & Spas<\/i><\/b>, and Alua Hotels & Resorts<\/i><\/b>\u00ae; the Classics Portfolio<\/i>, including Grand Hyatt<\/i><\/b>\u00ae, Hyatt Regency<\/i><\/b>\u00ae, Destination by Hyatt<\/i><\/b>\u00ae, Hyatt Centric<\/i><\/b>\u00ae, Hyatt Vacation Club<\/i><\/b>\u00ae, and Hyatt<\/i><\/b>\u00ae; and the Essentials Portfolio<\/i>, including Caption by Hyatt<\/i><\/b>\u00ae, Hyatt Place<\/i><\/b>\u00ae, Hyatt House<\/i><\/b>\u00ae, Hyatt Studios<\/i><\/b>, and UrCove<\/i><\/b>. Subsidiaries of the Company operate the World of Hyatt\u00ae loyalty program, ALG Vacations\u00ae, Mr & Mrs Smith, Unlimited Vacation Club\u00ae, Amstar\u00ae DMC destination management services, and Trisept Solutions\u00ae technology services. For more information, please visit www.hyatt.com<\/a><\/i>.<\/p>\n \nHHC-FIN<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250213945165\/en\/<\/a><\/span><\/p>\n Investor Contacts Media Contact KEYWORDS:<\/b> United States North America Illinois<\/p>\n INDUSTRY KEYWORDS:<\/b> Other Travel Commercial Building & Real Estate Vacation Lodging Construction & Property Destinations Travel<\/p>\n![\"Hyatt](\"https:\/\/mms.businesswire.com\/media\/20250213945165\/en\/2380975\/4\/Final_Q4_2024_Infographic.jpg\")
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Adam Rohman, 312.780.5834, adam.rohman@hyatt.com
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Ryan Nuckols, 312.780.5784, ryan.nuckols@hyatt.com
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Franziska Weber, 312.780.6106, franziska.weber@hyatt.com<\/a><\/p>\n
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