Hyatt and PT Citra Buana Prakarsa Sign Agreement for Hyatt Regency Kapal Besar Island Resort

CHICAGO (November 4, 2026) - Hyatt Hotels Corporation (NYSE: H) and PT Citra Buana Prakarsa today announced the signing of a management agreement for Hyatt Regency Kapal Besar Island Resort. The planned resort will mark the debut of the Hyatt Regency brand in the Riau Islands and support Hyatt's continued growth in Indonesia.

Located on private Pulau Kapal Besar near Batam, the resort will offer a secluded island setting within easy reach of Singapore and key Indonesian cities. Access will be via Nirup Island, home to the nearest immigration checkpoint, followed by a short ferry transfer to Pulau Kapal Besar. The total journey from HarbourFront, Singapore, is expected to take approximately 50 minutes.

Set amid the natural beauty of Pulau Kapal Besar, the resort will embrace the island's tranquil lake, mangroves and coastal surroundings, offering guests opportunities to relax, explore and connect with nature. The resort is planned to include 140 thoughtfully designed rooms and suites, alongside a spa, fitness center, outdoor pools and Camp Hyatt kids' club with indoor and outdoor facilities and an entertainment center. With its secluded island setting and range of amenities, the resort is envisioned as a destination for a wide range of travelers, whether seeking a relaxing getaway, a family vacation or a setting for weddings, celebrations and group gatherings.

"We are proud to welcome Hyatt to Pulau Kapal Besar as we embark on this new alliance," said Tommy Ho, Director of Business Development of PT Citra Buana Prakarsa. "The Hyatt Regency brand's global reputation for thoughtful hospitality is a natural fit for our vision of creating world-class island destinations just a short journey from Singapore. Together, we look forward to hosting travelers from around the world while creating lasting opportunities for our local community."

"We are excited to collaborate with PT Citra Buana Prakarsa to bring the Hyatt Regency brand to Pulau Kapal Besar," said Bastien Touzeau, Regional Vice President - Growth, Indonesia, Malaysia and the Philippines, Hyatt. "Kapal Besar's natural setting and convenient access from Singapore make it an exciting addition to the region's leisure offering. We look forward to welcoming travelers from Indonesia and around the world with the thoughtful hospitality and attentive service that define the Hyatt Regency experience."

The resort is anticipated to open in 2031 and will form part of PT Citra Buana Prakarsa's broader vision for a cluster of island destinations. Alongside its existing resorts on Nirup Island, the company plans to develop neighboring Pulau Layang and Pulau Kapal Kecil.

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 Regency

The Hyatt Regency brand is a global collection of hotels and resorts found in more than 245 locations in over 50 countries around the world. The depth and breadth of this diverse portfolio, from expansive resorts to urban city centers, is a testament to the brand's evolutionary spirit. For nearly 60 years, the Hyatt Regency brand has championed fresh perspectives and enriching experiences, while its forward-thinking philosophy provides guests with inviting spaces that bring people together and foster a spirit of community. As a hospitality original, Hyatt Regency hotels and resorts are founded on openness-our colleagues consistently serve with open minds and open hearts to deliver unforgettable celebrations, effortless relaxation and notable culinary experiences alongside expert meetings and technology-enabled collaboration. The brand prides itself on an everlasting reputation for insightful care-one that welcomes all people across all countries and cultures, generation after generation. For more information, please visit hyattregency.com. Follow @HyattRegency on Facebook and Instagram, and tag photos with #HyattRegency.

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, 2026, the Company's portfolio included more than 1,500 hotels and all-inclusive properties in 84 countries across six continents. The Company's offering includes brands in the Luxury Portfolio, including Park Hyatt®, Alila®, Miraval®, Impression by Secrets, and The Unbound Collection by Hyatt®; the Lifestyle Portfolio, including Andaz®, Thompson Hotels®, The Standard®, Dream® Hotels, The StandardX®, Breathless Resorts & Spas®, JdV by Hyatt®, Bunkhouse®Hotels, and Me and All Hotels; the Inclusive Collection, including Zoëtry® Wellness & Spa Resorts, Hyatt Ziva®, Hyatt Zilara®, Secrets® Resorts & Spas, Dreams® Resorts & Spas, Hyatt Vivid®Hotels & Resorts, Bahia Principe Hotels & Resorts, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas; the Classics Portfolio, including Grand Hyatt®, Hyatt Regency®, Destination by Hyatt®, Hyatt Centric®, Hyatt Vacation Club®, and Hyatt®; and the Essentials Portfolio, including Caption by Hyatt®, Unscripted by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Studios®, Hyatt Select®, and UrCove. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith®, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

About PT Citra Buana Prakarsa

Founded in 1988 and headquartered in Batam, Indonesia, PT Citra Buana Prakarsa is a property developer with a hospitality portfolio of more than 1,400 keys, alongside residential, commercial and industrial real estate. The company develops island resort destinations in its home region, a short ferry journey from Singapore, with a focus on attracting international visitors, creating local employment and supporting the region's growth as a leisure destination. For more information, visit www.citrabuanaprakarsa.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: 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; the impact of global tariff policies or regulations; economic sanctions or other government restrictions that may limit our ability to conduct business or receive payments; hostilities, or fear of hostilities, including the ongoing military conflict in the Middle East and security-related disruptions in Mexico, as well as terrorist attacks or other acts of violence, 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; the impact of government-issued travel advisories, airspace closures, or flight suspensions on international arrivals and hotel bookings in affected regions; 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 or realize anticipated synergies; 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 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.

MEDIA CONTACT:

Jean Miu
Hyatt - ASPAC
[email protected]

Yeni Ho
PT Citra Buana Prakarsa
[email protected]