Hyatt Hotels Corporation and Englewood LLC Announce Commencement of Construction of Hyatt Place Baltimore / Inner Harbor Hotel and Retail Project

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New Baltimore Hotel and Retail Project Near Harbor East to Open Fall of 2014

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Hyatt Hotels Corporation and Englewood LLC announced today the commencement of construction of the 208-room Hyatt Place Hotel to be developed in downtown Baltimore, Maryland. Hyatt Place Baltimore / Inner Harbor will be located at 511 South Central Avenue, proximate to the Harbor East, Fells Point and Little Italy neighborhoods and two blocks from both the Baltimore Harbor and the planned Harbor Point mixed-use development.

Opening is planned for the Fall of 2014. The hotel will be managed by Interstate Hotels and Resorts. The hotel architect is Cooper Carry. The general contractor is Armada Hoffler.

"We look forward to establishing the Hyatt Place Baltimore / Inner Harbor as an important contributor to the diverse, mixed-use environment that is developing in and around Harbor East and to Baltimore's overall hospitality industry," said Ken Finkelstein, President of Englewood LLC.

Upon completion, Hyatt Place Baltimore / Inner Harbor will contain 208 attractively designed guestrooms with the most current Hyatt contemporary décor package. Ideal for both business and leisure travelers, all rooms feature a 42” high definition flat panel television, a plush Hyatt Grand Bed, a refrigerator and a comfortable seating area including an eight-foot sectional sofa sleeper. Each room will be served by a central HVAC system and will incorporate stylish bathrooms with glass-enclosed showers. Every guestroom is also equipped with a state-of-the-art media center that allows electronic devices to plug directly into the television, giving guests instant access to the technological amenities they are accustomed to accessing at home or in the office.

Hyatt Place hotels also feature complimentary Wi-Fi access, a coffee and wine bar serving specialty coffees and premium wine and beer and a Grab ’n Go case stocked with freshly made sandwiches and salads. The Guest Kitchen offers made-to-order breakfast, lunch and dinner entrées around the clock, in addition to a complimentary continental breakfast served daily. Specially trained Hosts are on hand to offer assistance with everything from directions to check-in to a freshly made meal. Hyatt Place Baltimore / Inner Harbor will have a comprehensive fitness center as well as an indoor swimming pool.

The planned building will also contain approximately 14,000 square feet of well-located and highly visible retail space. The retail space will be owned and operated by Chesapeake Real Estate Group of Baltimore, Maryland.

About Hyatt Hotels Corporation:

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a proud heritage of making guests feel more than welcome. Thousands of members of the Hyatt family strive to make a difference in the lives of the guests they encounter every day by providing authentic hospitality. The Company's subsidiaries manage, franchise, own and develop hotels and resorts under the Hyatt®, Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place® and Hyatt House® brand names and have locations on six continents. Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt ResidencesTM and Hyatt Residence ClubTM. As of June 30, 2013, the Company's worldwide portfolio consisted of 524 properties in 46 countries. For more information, please visit http://www.hyatt.com.

About Englewood LLC:

Englewood LLC is a privately-held real estate investment, development and consulting company headquartered in Bethesda, Maryland.

Forward-Looking Statements:
Certain statements and assumptions in this press release contain or are based upon “forward-looking” information and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When we use the words “will,” may,” “anticipate,” “estimate,” “should,” “expect,” “believe,” “intend,” or similar expressions, we intend to identify forward-looking statements. Such statements are subject to numerous assumptions and uncertainties, many of which are outside of Englewood LLC’s or Hyatt’s control, which could cause actual results to differ materially from those expressed in or implied by the content of this document. Forward looking statements made in this press release are made only as of the date of their initial publication and neither party undertakes an obligation to publicly update any of these forward looking statements as actual events unfold.

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Ken Finkelstein
Englewood LLC
+1 (301) 961-1976
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