Morguard expands its ownership of Lumina, a luxury mixed-use asset located in the heart of Hollywood MISSISSAUGA, ON, Jan. 27, 2022 /CNW/ – Morguard Corporation (TSX: MRC) (“Morguard”) announced today that it has acquired the remaining 40.9% ownership of Lumina, a premium mixed-use property in Los Angeles, the second largest city in the US by… [Read More]
Slate Office REIT Announces High Court Approval to Acquire C$254.8 Million Irish Entity That Owns a Portfolio of Office, Life Sciences and Lite-Industrial Real Estate in Ireland
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Jan. 27, 2022 (GLOBE NEWSWIRE) — Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of office real estate, announces today that the Scheme of Arrangement1 in respect of the REIT’s Firm Offer2 to acquire all of… [Read More]
RioCan Real Estate Investment Trust To Host 2022 Virtual Investor Day on February 23, 2022
TORONTO, Jan. 27, 2022 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) announced that it will host its 2022 Virtual Investor Day on Wednesday, February 23, 2022 at 1:00 PM ET. President and Chief Executive Officer, Jonathan Gitlin, and members of RioCan’s leadership team will discuss RioCan’s current operations, recent developments, and… [Read More]
KILLAM APARTMENT REIT ANNOUNCES $85 MILLION BOUGHT DEAL PUBLIC OFFERING OF TRUST UNITS
/NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ HALIFAX, NS, Jan. 26, 2022 /CNW/ – Killam Apartment REIT (“Killam” or the “REIT”) (TSX: KMP.UN) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets to issue… [Read More]
StorageVault Announces Graduation to the Toronto Stock Exchange
TORONTO, Jan. 26, 2022 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce that, further to its December 8, 2021 news release, StorageVault’s common shares, its 5.75% senior unsecured hybrid debentures and its 5.50% senior unsecured hybrid debentures will be listed and commence trading on the Toronto Stock Exchange (the “TSX”) at… [Read More]
Tricon Residential Launches Tricon Vantage Program to Help Residents Enhance their Financial Wellbeing
TORONTO, Jan. 26, 2022 /CNW/ – Tricon Residential Inc. (NYSE: TCN) (TSX: TCN) (“Tricon” or the “Company”), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, today announced the launch of Tricon Vantage, a market-leading program aimed at providing its U.S. residents with tools and resources to set financial goals… [Read More]
Dream Office REIT Q4 2021 Financial Results Release Date, Webcast and Conference Call
TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) will be releasing its financial results for the quarter ended December 31, 2021, on Thursday, February 17, 2022.
Senior management will be hosting a conference call to discuss the financial results.
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Conference call: |
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Date: |
Friday, February 18, 2022 at 10:00 a.m. (ET) |
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Dial: |
For Canada please dial: 1-888-465-5079 |
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For International please dial: 416-216-4169 |
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Passcode: |
9160 842# |
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A taped replay of the call will be available for ninety (90) days. For access details, please go to Dream Office REIT’s website at www.dreamofficereit.ca and click on Calendar of Events in the News and Events section.
Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with approximately 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.
Contacts
Michael J. Cooper
Chairman and Chief Executive Officer
(416) 365-5145
mcooper@dream.ca
Jay Jiang
Chief Financial Officer
(416) 365-6638
jjiang@dream.ca
Dream Industrial REIT Q4 2021 Financial Results Release Date, Webcast and Conference Call
TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (DIR.UN – TSX) will be releasing its financial results for the quarter ended December 31, 2021, on Tuesday, February 15, 2022.
Senior management will be hosting a conference call to discuss the financial results.
Conference call:
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Date: |
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Wednesday, February 16, 2022 at 11:00 a.m. (ET) |
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Dial: |
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For Canada please dial: 1-888-465-5079 |
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For International please dial: 416-216-4169 |
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Passcode: |
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7492 345# |
A taped replay of the call will be available for ninety (90) days. For access details, please go to Dream Industrial REIT’s website at www.dreamindustrialreit.ca and click on Calendar of Events in the News and Events section.
Webcast:
To access the conference call via webcast, please go to Dream Industrial REIT’s website at www.dreamindustrialreit.ca and click on Calendar of Events in the News and Events section. The webcast will be archived for 90 days.
Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at September 30, 2021, Dream Industrial REIT owns, manages and operates a portfolio of 221 industrial assets (326 buildings) comprising approximately 39.8 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit our website at www.dreamindustrialreit.ca.
Contacts
DREAM INDUSTRIAL REIT
Brian Pauls
Chief Executive Officer
(416) 365-2365
bpauls@dream.ca
Lenis Quan
Chief Financial Officer
(416) 365-2353
lquan@dream.ca
Alexander Sannikov
Chief Operating Officer
(416) 365-4106
asannikov@dream.ca
Dream Impact Trust Q4 2021 Financial Results Release Date, Webcast and Conference Call
TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream MPCT” or the “Trust”) will be releasing its financial results for the quarter ended December 31, 2021, on Monday, February 14, 2022.
Senior management will be hosting a conference call to discuss the financial results.
Conference call:
| Date: | Tuesday, February 15, 2022 at 1:00 p.m. (ET) | |
| Dial: | For Canada please dial: 1-888-465-5079 | |
| For International please dial: 416-216-4169 | ||
| Passcode: | 6678 364# |
A taped replay of the call will be available for ninety (90) days. For access details, please go to Dream Impact Trust’s website at www.dreamimpacttrust.ca and click on Calendar of Events in the News and Events section.
Webcast:
To access the conference call via webcast, please go to Dream Impact Trust’s website at www.dreamimpacttrust.ca and click on Calendar of Events in the News and Events section. The webcast will be archived for 90 days.
Dream Impact is an open-ended trust dedicated to impact investing. Impact investing is the intention of creating measurable positive, social, and environmental change in our communities and for our stakeholders, while generating attractive market returns. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of the Trust are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; balance growth and stability of the portfolio, increasing cash flow, unitholders’ equity and NAV over time; leverage access to an experienced management team and strong partnerships in order to generate attractive returns for investors; provide investors with a portfolio of high-quality real estate development opportunities, concentrated in core geographic markets; and to provide predictable cash distributions to unitholders on a tax-efficient basis. For more information, please visit: www.dreamimpacttrust.ca.
Contacts
For further information, please contact:
DREAM IMPACT TRUST
Meaghan Peloso
Chief Financial Officer
(416) 365-6322
mpeloso@dream.ca
Kimberly Lefever
Director, Investor Relations
(416) 365-6339
klefever@dream.ca
CAPREIT Expands Presence in Strong British Columbia Market
TORONTO, Jan. 25, 2022 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the purchase of a six-storey 59-suite apartment and townhouse property located in downtown Kelowna, British Columbia. The property, completed in the spring of 2021, was acquired for $29.5 million, funded by CAPREIT’s Acquisition… [Read More]
Soaring High Above the Clouds “Concord Sky” is One of Canada’s Tallest Structures at 299 m
Geared for the Future, Concord Pacific Brings the Next Generation of Healthy Living and Sustainable Condos to Downtown Toronto #ConcordSky Access images, videos and related documents here. TORONTO, Jan. 25, 2022 /CNW/ – Live in the sky. Concord Pacific / Adex brings form and function to fresh altitudes with its newest property, Concord Sky, an… [Read More]
Leisure Travel Demand Fuels Continued Brand Growth for Hyatt, Including Apple Leisure Group, in the Americas
By 2023, Hyatt is expected to expand its brand footprint in 11 new leisure markets, in addition to growing its hotel presence in key resort, all-inclusive, and urban destinations
CHICAGO–(BUSINESS WIRE)–#appleleisuregroup—Hyatt Hotels Corporation (NYSE: H) today announced plans to accelerate its brand growth in the Americas region with a strong pipeline of expected hotel openings through 2023. Fueled by growing leisure travel demand, 45 hotels are expected to join Hyatt’s portfolio of brands, including Apple Leisure Group’s (ALG) AMRTM Collection brands, in 2022 and 2023 in key resort, all-inclusive and sought-after urban destinations. In addition, Hyatt has signed management and franchise agreements for hotels in 11 new markets and 19 existing markets across the Americas.
“Listening to our guests, World of Hyatt members, and customers has never been more important. As we continue in our recovery from the pandemic, we remain very intentional about where the Hyatt brand footprint grows to ensure we’re present in markets that matter most to the leisure-focused traveler of today and tomorrow,” said Jim Chu, Hyatt’s executive vice president, global franchising and development. “Our pipeline of new properties signals that Hyatt is well poised to deliver against the demand for more leisure travel experiences in places like Cozumel, Panama City, Punta Cana, and South Beach, and priority urban destinations, including Denver, Montréal, Oakland, and Memphis, which will welcome the first Caption by Hyatt hotel.”
Debuting New Hyatt Brands in New Markets
To continue driving brand awareness and World of Hyatt loyalty program growth, Hyatt expects to thoughtfully expand its brand footprint in the Americas through 2023 in 11 new markets with hotel openings under the Dreams, Hyatt Centric, Hyatt House, Hyatt Place, Hyatt Regency, The Unbound Collection by Hyatt, and Thompson Hotels brands. These new destinations will position Hyatt to capture leisure demand in the markets that matter most to guests, loyalty members, and customers. They include:
2022
- Dreams Karibana Cartagena Beach & Golf Resort (268 guestrooms) in Cartagena, Colombia
- Hyatt Centric Ville-Marie Montréal (177 guestrooms) in Montréal, Québec
- Hyatt Centric San Salvador (138 guestrooms) in Antiguo Cuscatlan, El Salvador
- Hyatt House Monterrey Valle/San Pedro (91 guestrooms) in Monterrey, Mexico
- Hyatt Place Gainesville Downtown (145 guestrooms) in Gainesville, Fla.
- Hyatt Place Kent Narrows & Marina (120 guestrooms) in Grasonville, Md.
- Hyatt Place Monterrey Valle (133 guestrooms) in Monterrey, Mexico
- Hyatt Place Montréal Downtown (354 guestrooms) in Montréal, Québec
- Hyatt Place Panama City Beach (224 guestrooms) in Panama City Beach, Fla.
- Hyatt Place St. Augustine/Vilano Beach (120 guestrooms) in St. Augustine, Fla.
- Hyatt Regency Mexico City Insurgentes (201 guestrooms) in Mexico City, Mexico
- Numu (44 guestrooms), which will join The Unbound Collection by Hyatt, in San Miguel de Allende, Mexico
2023
- Dreams Estrella del Mar Mazatlan (350 guestrooms) in Mazatlan, Mexico
Expanding Access to Resorts and All-Inclusive Experiences
Leisure travel continues on an upward trajectory with a notable, strong desire for resort and all-inclusive experiences. The end of 2021 and early 2022 showed elevated demand for leisure travel with multiple resorts reaching record RevPAR levels within the United States. Further, with the recent acquisition of ALG, the combined company will offer one of the largest portfolios of luxury all-inclusive resorts in the world and luxury hotels in Mexico and the Caribbean. Through 2023, Hyatt plans to significantly expand its resort and all-inclusive portfolio, which includes the AMR Collection brands Secrets and Dreams, with expected openings across the Americas, including:
2022
- Banyan Cay Resort & Golf (190 guestrooms), which will join the Destination by Hyatt hotel portfolio, in West Palm Beach, Fla.
- Dreams Cozumel Cape Resort & Spa (154 guestrooms) in Cozumel, Mexico
- Hyatt House Lewes / Rehoboth Beach (105 guestrooms) in Lewes, Del.
- Hyatt Place Virginia Beach/Oceanfront (140 guestrooms) in Virginia Beach, V.A.
- Hyatt Regency Grand Reserve Puerto Rico expansion (93 guestrooms) in Rio Grande, Puerto Rico
- Hyatt Zilara Riviera Maya (291 guestrooms) in Riviera Maya, Mexico
- Secrets Impression Playa del Carmen (198 guestrooms) in Playa del Carmen, Mexico
- Secrets Moxche Playa del Carmen (485 guestrooms) in Playa del Carmen, Mexico
- Secrets Tulum Resort & Spa (300 guestrooms) in Tulum, Mexico
- Rancho Pescadero (103 guestrooms), which will join The Unbound Collection by Hyatt portfolio, in El Pescadero, Mexico
2023
- Dreams Grand Island (600 guestrooms) in Cancún, Mexico
- Park Hyatt Los Cabos Hotel and Residences (135 guestrooms) in Los Cabos, Mexico
- Hyatt Place New Smyrna Beach (114 guestrooms) in New Smyrna Beach, Fla.
- Secrets Baby Beach Aruba (600 guestrooms)
- Thompson South Beach (150 guestrooms) in South Beach, Fla.
Growing in Urban Destinations
Late 2021 showed strengthening travel demand among urban leisure and drivable destinations. Kicking off 2022 and throughout 2023, Hyatt hotels are expected to open in sought-after city locales across the Americas, including the brand debut and opening of the first Caption by Hyatt hotel in Memphis. They include:
2022
- Thompson Austin (229 guestrooms) in Austin, Texas – opened in January 2022
- tommie Austin (193 guestrooms), a JdV by Hyatt hotel, in Austin, Texas – opened in January 2022
- Caption by Hyatt Beale St. Memphis (136 guestrooms) in Memphis, Tenn.
- Hyatt Centric Congress Avenue Austin (246 guestrooms) in Austin, Texas
- Hyatt Centric Santa Clara (220 guestrooms) in Santa Clara, Calif.
- Hyatt House Sacramento Midtown (133 guestrooms) in Sacramento, Calif.
- Hyatt Regency Salt Lake City (700 guestrooms) in Salt Lake City, Utah
- Hyatt Regency San Francisco Downtown SOMA (686 guestrooms) in San Francisco – rebranding from Park Central San Francisco
- A hotel (120 guestrooms) that will join the JdV by Hyatt portfolio in Middletown, R.I.
- Thompson Denver (216 guestrooms) in Denver, Colo.
- Hotel La Compañia, Casco Antiguo, Panama (88 guestrooms), which will join The Unbound Collection by Hyatt portfolio, in Panama City, Panama
- Kissel Uptown Oakland (168 guestrooms), which will join The Unbound Collection by Hyatt portfolio, in Oakland, Calif.
2023
- A hotel (251 guestrooms) that will join the JdV by Hyatt portfolio in Anchorage, Ala.
- Hyatt House Lansing/MSU (131 guestrooms) in Lansing, Mich.
- Hyatt Place Toronto-Downtown/Jarvis Street (238 guestrooms) in Toronto, Ontario
- Thompson Houston (172 guestrooms) in Houston, Texas
- A hotel (64 guestrooms) that will join The Unbound Collection by Hyatt portfolio in Hollywood, Calif.
For more information about Hyatt hotels, please visit: www.hyatt.com.
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 Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of September 30, 2021, Hyatt’s portfolio included more than 1,000 hotel and all-inclusive properties in 69 countries across six continents, and the acquisition of Apple Leisure Group added 96 properties in 10 countries as of November 1, 2021. Hyatt’s offerings include the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination by Hyatt™, Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt Zilara™, Thompson Hotels®, Hyatt Centric®, Caption by Hyatt, JdV by Hyatt™, Hyatt House®, Hyatt Place®, UrCove, and Hyatt Residence Club® brands, as well as resort and hotel brands under the AMR™ Collection, including Secrets® Resorts & Spas, Dreams® Resorts & Spas, Breathless® Resorts & Spas, Zoëtry® Wellness & Spa Resorts, Alua® Hotels & Resorts, and Sunscape® Resorts & Spas. Hyatt’s subsidiaries operate the World of Hyatt® loyalty program, ALG Vacations®, Unlimited Vacation Club®, Amstar DMC destination management services, and the Trisept Solutions® travel technology platform. For more information, please visit www.hyatt.com.
Forward-Looking Statements
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 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 us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, risks associated with the consummation of the Apple Leisure Group (“ALG”) acquisition, including the related incurrence of material additional indebtedness; our ability to successfully integrate ALG’s employees and operations into ours; the ability to realize the anticipated benefits of the acquisition of ALG as rapidly or to the extent anticipated; the duration of the COVID-19 pandemic and the pace of recovery following the pandemic, any additional resurgence, or COVID-19 variants; the short and longer-term effects of the COVID-19 pandemic, including the demand for travel, transient and group business, and levels of consumer confidence; the impact of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants, and the impact of actions that governments, businesses, and individuals take in response, on global and regional economies, travel limitations or bans, and economic activity, including the duration and magnitude of its impact on unemployment rates and consumer discretionary spending; the broad distribution and efficacy of COVID-19 vaccines and wide acceptance by the general population of such vaccines; the ability of third-party owners, franchisees, or hospitality venture partners to successfully navigate the impacts of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and the pace of economic recovery following economic downturns; global supply chain constraints and interruptions; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and all-inclusive 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 geo-political 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 such as earthquakes, tsunamis, tornadoes, hurricanes, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, such as the COVID-19 pandemic, or fear of such outbreaks; our ability to successfully achieve certain 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 property owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and the introduction of new brand concepts; the timing of 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 successfully execute on our strategy to expand our management and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; declines in the value of our real estate assets; unforeseen terminations of our management or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates and operating costs; foreign exchange rate fluctuations or currency restructurings; 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, including as a result of the COVID-19 pandemic, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and ALG’s membership offering; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; violations of regulations or laws related to our franchising business; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K and our Quarterly Reports on Form 10-Q, which filings are available from the SEC. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. 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 undertake no 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. 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. These statements include statements about Hyatt’s [__] and involve known and unknown risks that are difficult to predict. 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 us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to the duration of the COVID-19 pandemic and the pace of recovery following the pandemic, any additional resurgence, or COVID-19 variants; the short and longer-term effects of the COVID-19 pandemic, including the demand for travel, transient and group business, and levels of consumer confidence; the impact of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants, and the impact of actions that governments, businesses, and individuals take in response, on global and regional economies, travel limitations or bans, and economic activity, including the duration and magnitude of its impact on unemployment rates and consumer discretionary spending; the broad distribution of COVID-19 vaccines and wide acceptance by the general population of such vaccines; the ability of third-party owners, franchisees, or hospitality venture partners to successfully navigate the impacts of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and the pace of economic recovery following economic downturns; levels of spending in business and leisure 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 geo-political 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 such as earthquakes, tsunamis, tornadoes, hurricanes, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, such as the COVID-19 pandemic, or fear of such outbreaks; our ability to successfully achieve certain 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 property owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and the introduction of new brand concepts; the timing of 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 successfully execute on our strategy to expand our management and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; declines in the value of our real estate assets; unforeseen terminations of our management or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates and operating costs; foreign exchange rate fluctuations or currency restructurings; 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, including as a result of the COVID-19 pandemic, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; violations of regulations or laws related to our franchising business; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K and our Quarterly Reports on Form 10-Q, which filings are available from the SEC. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. 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 undertake no 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.
Contacts
Siân Rylander
Hyatt
sian.rylander@hyatt.com
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