PARK CITY, UTAH (September 26, 2024) – Grand Hyatt Deer Valley will set a new standard of mountain adventure and hospitality as it anticipates welcoming its first guests in November 2024. This beautiful resort marks the debut of Deer Valley East Village and offers an exclusive first look at the expansive new terrain of Deer Valley. The new hotel will feature approximately 400 luxury accommodations, including 100 discounted rooms reserved nightly for our country’s service members, multiple exciting food and beverage experiences, and one of the largest mountainside event facilities in the U.S. In addition to Deer Valley’s expanded ski terrain, the property’s ideal positioning allows for effortless access to hundreds of miles of hiking and biking paths as well as access to the Jordanelle Reservoir, providing guests exciting adventure opportunities for all seasons. With music-forward après-ski experiences, sophisticated dining and engaging entertainment, Grand Hyatt Deer Valley is poised to become the heartbeat of this premier mountain destination’s new village, offering curated adventure packages for every traveler.
“Grand Hyatt Deer Valley is set to redefine alpine luxury, bringing year-round adventure travel dreams to life by blending bespoke elegance, extraordinary amenities and a warm, family-friendly atmosphere,” said Grand Hyatt Deer Valley General Manager Anthony Duggan. "Our commitment to community collaboration and connectivity will also help ensure that we remain rooted in the values that make Deer Valley so special."
The Deer Valley East Village expansion is North America's first luxury alpine village to be developed since 1981. The visionary Extell Development company is leading the development of the base area, while Deer Valley’s Expanded Excellence initiative is driving the expansion of the terrain. Grand Hyatt Deer Valley, the vibrant center of Deer Valley East Village, will offer guests easy access to 300+ new skiable acres for the 2024-25 season, several debut ski runs and three new chairlifts, surrounded by the beauty of the Wasatch and Uinta Mountains. The resort’s luxurious guestrooms, suites, and now sold-out residences offer a harmonious blend of contemporary design with mountain luxury and charm. Oversized windows in each room frame the iconic Rocky Mountains, Heber Valley and Jordanelle Reservoir outside, while generously sized rooms, spa-inspired bathrooms and spacious walk-in closets complete the modern luxuries inside.
Grand Hyatt Deer Valley, with its nearly 30,000 square feet of indoor and outdoor event space, will be one of the biggest conference destinations in a mountain community in North America and the largest in Park City. Located just a 40-minute, stoplight-free drive from Salt Lake City International Airport, Grand Hyatt Deer Valley offers the pinnacle of excellence for meetings, celebrations and events in cutting-edge conference facilities equipped with in-house A/V support, custom digital signage, and an exclusive event entrance. Grand Hyatt Deer Valley seamlessly blends modern elegance with the natural surroundings, offering versatile indoor and outdoor spaces for unforgettable gatherings.
Celebrated Chef Marc Marrone, Chef Viktor Merenyi and legendary New York City Mixologist Frank Maldonado will unite at Grand Hyatt Deer Valley to bring innovative experiences that will enhance every aspect of culinary and beverage programming across the property. Grand Hyatt Deer Valley’s signature restaurant, Remington Hall, will feature rustic American fare, while Double Blacks, the resort’s coffee shop powered by renowned Park City Coffee Roasters, will invite guests to activate their day with single-source bean coffee, breakfast, croughnuts, and other delights. The resort’s Living Room, a soaring space made cozy by an oversized fireplace, will offer the ultimate family après vibe, serving artisanal hot chocolate and pastries, all set against a backdrop of breathtaking views. Featuring live music that celebrates the classics, Hidden Ace is poised to become a beloved local hangout. Beyond the brick and mortar, exciting programming and partnerships will round out the Utah-forward alpine food and beverage experience when doors open November 2024.
Complementing the culinary alchemy, world-class accommodations and stunning event spaces, Grand Hyatt Deer Valley will provide many amenities to help guests rebalance and recharge. Guests will enjoy a heated outdoor pool, three oversized hot tubs, and a spacious pool deck offering panoramic mountain views and a lively nighttime entertainment program. For those seeking fitness and wellness, the property offers a modern fitness lounge with panoramic views of the Jordanelle Reservoir, as well as a serene retreat in the first phase of the hotel's spa opening.
For families, a dedicated Camp Hyatt Kids Club, including Nap-working Events, a Kids' Happy Hour and a hangout hub for gaming and socializing, will ensure endless entertainment for younger guests and parents alike. For some furry family members, Grand Hyatt Deer Valley will welcome dogs up to 75 lbs., offering a dog run, a special dog menu and all the amenities a pampered pup could want.
Reservations are now open for stays beginning November 20, 2024, and beyond. For more information and to reserve, please visit: www.grandhyattdv.com.
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About Grand Hyatt
Around the world, Grand Hyatt hotels bring travel dreams to life by celebrating the iconic in small details and magnificent moments. Located at the crossroads of local culture and global business within major gateway cities and resort destinations, each Grand Hyatt hotel is uniquely designed to be a captivating destination within a destination. Grand Hyatt hotels deliver welcoming and elevated service, first-class accommodations and an abundance of options within a multicultural backdrop of dramatic architecture and bold and vibrant design. Grand Hyatt hotels boast inventive restaurants, luxury spas, fitness centers, and business and meeting facilities. For additional information or to make a reservation, please visit grandhyatt.com. Follow @GrandHyatt on Facebook and Instagram, and tag photos with #GrandHyatt.
About Deer Valley East Village
Situated 40 minutes from the Salt Lake City International Airport, Deer Valley East Village will anchor Deer Valley’s major terrain expansion and provide a modern base and gateway to the expanded ski terrain. The village’s year-round attractions will include dining, shopping, entertainment, recreational activities, a children’s center and one of the largest ski beaches in the world. Opportunities to own real estate will continue to develop over the coming years. For more information, please visit deervalleyeastvillage.com
About Extell Development Company
Founded and headed by Gary Barnett, Extell Development Company is a nationally acclaimed real estate developer of residential, commercial, retail, hospitality and mixed-use properties, operating in New York City, Utah and other premier locations across the nation. In collaboration with world-class architects and design professionals, Extell creates properties distinguished by sophisticated design, gracious floor plans and first-class amenities. For more information, please visit www.extell.com.
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 our plans, strategies, outlook, occupancy, the amount by which the Company intends to reduce its real estate asset base, the expected amount of gross proceeds from the sale of such assets, and the anticipated timeframe for such asset dispositions, the number of properties we expect to open in the future, pace and booking trends, the expected timing and payment of dividends, RevPAR trends, our expected Adjusted G&A Expense, our expected capital expenditures, our expected net rooms growth, our expected system-wide RevPAR, our expected one-time integration-related expenses, financial performance, prospects or future events and involve known and unknown risks that are difficult to predict. As a result, 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 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; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters, weather and climate-related events, such as earthquakes, tsunamis, tornadoes, hurricanes, droughts, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; our ability to successfully achieve certain 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; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to successfully execute our strategy to expand our management and hotels services and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; 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 hotels services 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 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 us 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.
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