Hyatt Selects Jim Tierney to Lead Hyatt Place and Hyatt House Development and Owner Relations in North America
May 31, 2019 // Franchising.com // CHICAGO - Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt has selected Jim Tierney to serve as senior vice president of development and owner relations for the Hyatt Place and Hyatt House brands in North America, effective immediately. Tierney will report to Pete Sears, Group President, Americas for Hyatt.
“Jim has the leadership skills and requisite experience to continue the fantastic growth that our developers and owners have created with the Hyatt Place and Hyatt House brands,” said Sears. “The Hyatt Place and Hyatt House brands have their largest footprint in North America, and as they continue to grow around the world, it was clear we needed someone fully focused on the franchise and managed growth of these brands. With his extensive knowledge of the select service and extended stay products, as well as his broad range of owner and industry relationships, we’re excited to have Jim lead this charge. He is a talented leader with outstanding instincts and a track record for driving brand development, and I am confident Jim’s skills and expertise will raise the bar as Hyatt continues to rapidly grow the Hyatt Place and Hyatt House brands.”
Most recently, Tierney served as Hyatt’s vice president of development and owner relations where he led a team responsible for the development and growth of the Hyatt Place and Hyatt House brands on the Eastern half of the United States. Tierney has personally been responsible for more than 25 executed franchise and management agreements, including Hyatt Place New York City/Times Square, Hyatt Place New York City/Chelsea, Hyatt House Washington D.C./The Wharf, and Hyatt House Virginia Beach/Oceanfront. Prior to joining Hyatt in 2014, Tierney served as Director of Development for Cambria Suites at Choice Hotels International.
“I have been working on Hyatt’s select service and extended stay brands for five years and I look forward to continuing to be an integral part of the Hyatt Place and Hyatt House franchise and managed development efforts,” said Tierney. “The Hyatt Place and Hyatt House brands have a strong foothold in urban and dense suburban markets in the U.S., and I am thrilled to have the opportunity to lead the talented select service development team as we continue to expand the brands’ presence in new markets across North America.”
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 Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 19 premier brands. As of March 31, 2019, the Company's portfolio included more than 850 properties in over 60 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination®, Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt Zilara™, Thompson Hotels®, Hyatt Centric®, Hyatt House®, Hyatt Place®, Joie de Vivre®, tommie™, Hyatt Residence Club® and Exhale® brand names, and operates the World of Hyatt® loyalty program that provides distinct benefits and exclusive experiences to its valued members. For more information, please visit www.hyatt.com.
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 our actual results, performance or achievements to differ materially from current expectations include, among others, the rate and the pace of economic recovery following economic downturns; levels of spending in business and leisure segments as well as consumer confidence; declines in occupancy and average daily rate; 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; the financial condition of, and our relationships with, third-party property owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and the introduction of new brand concepts; the timing of acquisitions and dispositions, and our ability to successfully integrate completed acquisitions with existing operations; our ability to successfully execute on our strategy to expand our management and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; changes in the competitive environment in our industry, including as a result of industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program; cyber incidents and information technology failures; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the U.S. Securities and Exchange Commission. 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.
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