CHICAGO-March 30, 2017-Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with Concord Aztec Brickell LLC for Hyatt Centric Brickell Miami, located at 1101 Brickell Ave. in the center of Miami’s thriving financial and business district. Concord Aztec Brickell LLC is a joint venture comprised of Aztec Group and Concord Hospitality, which will manage the hotel. Hyatt Centric Brickell Miami is expected to conclude construction and open in Q3 2017. As with all Hyatt Centric hotels, Hyatt Centric Brickell Miami will place guests in the heart of the action, providing an ideal launch pad to explore downtown Miami and beyond.

“Miami’s Brickell neighborhood has always been an important financial and business center but is evolving into the type of 24/7 urban destination that is at the heart of our Hyatt Centric brand. Expanding the Hyatt Centric brand presence in Miami is important to our global expansion strategy to be at the center of the destination in primary business and leisure markets around the world,” said David Tarr, senior vice president of real estate and development for the Americas, Hyatt. “Joined by Hyatt Centric South Beach Miami, the new Brickell hotel will provide our guests with another great location from which to explore everything that Miami and Miami Beach have to offer.”

“This will be a very special hotel for Miami,” said Mark Laport, president and CEO, Concord Hospitality. “The location and amenities of Hyatt Centric Brickell Miami will serve business and leisure travelers who desire the authentic hospitality for which Hyatt is known around the world.”

Located off Brickell Avenue, with views to Biscayne Bay, Hyatt Centric Brickell Miami will be part of the mixed-use 83-story Panorama Tower development that, when completed, will be home to the tallest building in Miami and the largest residential building south of New York. The first two floors of Panorama Tower will include more than 50,000 square feet of retail and restaurant space.

Hyatt Centric Brickell Miami will offer 208 guestrooms, in addition to a signature second-floor restaurant and bar serving breakfast, lunch, dinner and 24-hour room service. The hotel will share a full-service spa, fitness center and pool with the building’s residences. All hotel guestrooms and suites will offer the Hyatt Centric brand’s signature amenities such as salon-grade Drybar Buttercup blowdryers, BeeKind eco-friendly bath and body products, Keurig in-room coffee brewing system and JBL Wireless speakers.

With 4,000 square feet of meeting and event space, the hotel will provide business travelers with accessible spaces for group functions, both large and small.

For more information on the Hyatt Centric brand, please visit hyattcentric.com.

For more information on World of Hyatt, please visit hyatt.com/understanding.

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.