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 Landmark Hyatt Dorado Beach Resort to Close
its Doors After 48 Years in Operation
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CHICAGO-- March 21, 2006 -- Dorado Beach Hotel Corporation, owner of Hyatt Dorado Beach Resort & Country Club, announced today that it will cease operation of Hyatt Dorado Beach Hotel and terminate its management agreement with Hyatt Hotels Corporation, effective May 31, 2006.  

“This is a tremendously sad day for Hyatt and for our loyal employees who have so well served this landmark property for 48 years,” said Chuck Floyd, chief operating officer and executive vice president of Hyatt Hotels Corp.  “This staff has become family in the true sense of the word, and we will do everything in our power to assist them with their future plans.

“Although there are no definitive plans for Hyatt’s future on the island following the hotel’s closure, we are committed to regaining our presence as soon as the opportunity arises,” he added.  “In the meantime, we will work closely with our staff and the union to make this transition as smooth as possible while we continue to focus on the positive experience of our guests.” 

Hyatt Corporation has managed Dorado Beach Hotel since 1985.

About Global Hyatt Corporation 
There are 215 Hyatt branded hotels and resorts (over 90,000 rooms) in 43 countries around the world, operating under the Hyatt, Hyatt Regency, Grand Hyatt and Park Hyatt brands. 

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Contact:

Katie Meyer
Global Hyatt Corporation
(312) 780 5711
kmeyer@corphq.hyatt.com

Fred Findlen
Hyatt Dorado Beach Resort & Country Club
(787) 796 1234
ffindlen@hyatt.com

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Also See: Investors, Hotel Chains and the Puerto Rican Government Pouring $2.2 billion into New Resorts, Golf Courses / November 2002
With 21 New Hotel Projects Actively Under Development, Puerto Rico Tourism Company Unveils Initiatives for 2003 / Feb 2003

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