Hyatt, HSL Properties, and Desert Hospitality Management Announce Plans for Tucson's First Hyatt Regency Hotel

CHICAGO (June 30, 2026) - Hyatt Hotels Corporation (NYSE: H), in collaboration with HSL Properties and Desert Hospitality Management, today announced plans for the debut of Hyatt Regency Tucson Convention Center, expected to open in late 2027. The hotel will mark the first Hyatt Regency-branded property in Tucson and further strengthen Hyatt's brand presence in Southern Arizona.

Strategically located in the heart of downtown Tucson and steps from the Tucson Convention Center, Linda Ronstadt Music Hall, Leo Rich Theater and Tucson Arena, Hyatt Regency Tucson Convention Center is poised to become a premier destination for meetings, conventions, business travelers and leisure guests seeking an elevated hospitality experience in the city's vibrant urban core.

The hotel's extensive multi-million-dollar transformation will introduce 291 guestrooms and suites, a state-of-the-art fitness center, an elevated pool experience and approximately 22,000 square feet of flexible meeting and event space. The property will feature a large ballroom and multiple breakout meeting spaces designed to accommodate everything from corporate conferences and association meetings to weddings and social events.

The addition of the Hyatt Regency brand represents a significant milestone for Tucson's hospitality industry and convention business, bringing one of the world's most recognized meeting-focused hotel brands to the downtown market. The hotel is expected to enhance Tucson's ability to attract larger group events, regional conferences and national conventions while supporting continued economic growth throughout the region.

"We are thrilled to collaborate with Hyatt to introduce the Hyatt Regency brand to the heart of downtown Tucson," said Omar Mireles, President of HSL Properties. "This investment reflects our confidence in Tucson's continued growth and our commitment to enhancing the city's hospitality offerings. Hyatt Regency Tucson Convention Center will serve as a catalyst for convention business, tourism, and economic development while providing guests with an exceptional experience in one of Arizona's most dynamic destinations."

Additional details regarding the hotel's construction timeline, amenities, dining concepts, and opening celebrations will be announced as the project progresses.

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. 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 2026 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, expected capital returns to shareholders, 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: 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 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.

About HSL Properties

HSL Properties, Inc. was cofounded in 1975 by Humberto Lopez and Glenn Toyoshima. Headquartered in Tucson, Arizona for five decades, HSL's customer-oriented focus and community-first approach has established them as the premier industry leader.

From their footprint of diverse multi-family properties across Southern Arizona to forming more than 100 partnerships and LLC's, HSL successfully develops, manages, owns and operates multiple real estate and related investment projects including apartments, hotels, commercial properties and more.

About Desert Hospitality Management

Desert Hospitality Management (DHM) is a leading hotel management company located in Tucson, Arizona. DHM provides operational excellence, innovative solutions, and personalized service in the hospitality industry. Their portfolio of successful properties includes leading hotel brands for Hilton and Marriott. DHM is committed to exceeding industry standards and delivering unparalleled results for its expanding portfolio of hotels.

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 March 31, 2026, the Company's portfolio included more than 1,500 hotels and all-inclusive properties in 83 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 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 more than 50 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 Sundt Construction

Sundt Construction, Inc. (sundt.com) is one of the country's largest and most respected general contractors. The 136-year-old firm specializes in transportation, water and wastewater, advanced facilities, heavy industrial and mining, building, concrete and renewable power work and is owned entirely by its 5,200-plus employees. Sundt is distinguished by its diverse capabilities and experience, unique employee-ownership culture and depth of self-perform expertise in multiple trades. Much of Sundt's workforce comprises of skilled craft professionals who, together with the company's administrative employees, enable Sundt to fulfill its mission to be the most skilled builder in America. Sundt has 13 offices throughout California, Arizona, North Carolina, Texas, Washington, Utah and Florida and is currently ranked the country's 42nd largest construction company by ENR, the industry's principal trade magazine.

About Swaim Associates, LTD

Swaim Associates Architects has served the Southwest for 57 years, creating architecture rooted in collaboration, community, and thoughtful design. The firm's work reflects a commitment to bringing people together and creating places that strengthen connections and enrich communities.

Offay Design Studio, LLC

At Offay Design Studio, we specialize in creating distinctive hospitality environments that elevate guest experiences and strengthen brand identity. Our integrated approach combines thoughtful interior design with comprehensive FF&E procurement services, delivering seamless project execution from concept through installation.

We partner with hotel owners, developers, operators, and hospitality brands to design spaces that are functional, memorable, and commercially successful. From boutique hotels and resorts to restaurants, bars, lounges, and mixed-use hospitality venues, our team creates interiors that balance aesthetics, operational efficiency, and long-term value.

Our design process begins with understanding each client's vision, target audience, and business objectives. We translate these insights into cohesive design concepts that reflect the property's unique character while enhancing the guest journey. Through detailed space planning, material selection, custom furnishings, lighting design, and project coordination, we ensure every element contributes to a unified and impactful environment.

In addition to interior design services, we offer agent-only FF&E procurement. Leveraging our industry relationships and sourcing expertise, we oversee budgeting, vendor coordination, purchasing, logistics and quality control. Our procurement services are designed to maximize value, maintain design integrity, and keep projects on schedule and within budget.

Whether developing a new hospitality destination or revitalizing an existing property, Offay Design Studio delivers creative solutions, meticulous execution, and exceptional service at every stage of the project lifecycle.