Patagonia Virgin News

May 24, 2007

Global Hyatt Corporation Agrees To Manage Park Hyatt Patagonia Resort, Frutillar, Chile

Hyatt Reaches Agreement with Patagonia Virgin for a 138-room Luxury Hotel & Spa in the heart of the Chilean Patagonia

CHICAGO May 24, 2007--(BUSINESS WIRE)--Global Hyatt Corporation announced today that it has reached an agreement in principle with Patagonia Virgin for the management of Park Hyatt Patagonia Resort in Frutillar, Chile. The project will mark the first entry of an international hotel company into the Patagonia region of South America.

Park Hyatt Patagonia Resort, Frutillar, Chile will be part of a mixed-use residential resort in the northern region of Patagonia, near the enchanting town of Frutillar, Chile. Located in the midst of breathtaking evergreen forests and a snow-capped volcanic skyline, the luxury resort will be constructed on 490 acres of unspoiled land, bordering Lake Llanquihue. The property will feature an 18-hole Nicklaus Design Golf Course, two specialty restaurants, a lounge, meeting facilities for small to medium events, and spa facilities and suites, focusing on health and wellness.

"We look forward to working with Patagonia Virgin in developing and promoting this unique destination" said Myles McGourty, Hyatt's Area Vice President, Latin America. "We feel privileged to be involved in this landmark development project, and plan to operate the resort in a sustainable manner to preserve and protect its natural beauty."

"With this association with Hyatt, we will have compiled an exclusive circle of key players that will establish this development as a renowned luxury resort," Jamie Said, President of Patagonia Virgin, remarked. "We are certain that Hyatt's 50 years of experience in the hospitality industry will ensure that guests at Park Hyatt Patagonia, Frutillar, Chile will encounter a world class luxury experience."

Golf legend Jack Nicklaus recently commented, "The golf course site itself is ideally located on the Patagonia Lakes area, which with the combination of the mountains, volcanoes, native forest and gentle contours of the property, will give Nicklaus Design an opportunity to create something very special."

The property is being master-planned by a renowned team of architects, designers and landscape artists.

Global Hyatt Corporation
Global Hyatt Corporation, one of the world's premier hotel companies, offers today's travelers over 735 hotels and resorts (over 136,000 rooms) in more than 44 countries. The company's affiliates own, operate, manage and franchise Hyatt branded hotels and resorts under the Park Hyatt(TM), Grand Hyatt(TM), Hyatt Regency(TM), Hyatt Resorts(TM), Hyatt(TM), Hyatt Place(TM) and Hyatt Summerfield Suites(TM) brands. In April 2007, Hyatt launched its newest global brand, Andaz. Global Hyatt Corporation is also the owner of Hyatt Vacation Ownership, Inc. operator of the Hyatt Vacation Club and fractional residential properties and U.S. Franchise Systems, Inc, which franchises Hawthorn Suites and Microtel Inns and Suites. From the U.S. and Canada, reservations for any Hyatt hotel worldwide may be obtained by calling 1-800-233-1234 or logging onto


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