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Hyatt and Birkla Investment Group Announce Plans for Debut of the Hyatt Centric Brand in Cincinnati, Ohio

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Hyatt Hotels (NYSE: H) and Birkla Investment Group have announced plans for Hyatt Centric Cincinnati, set to open in early 2026. The 170-room hotel will mark the first Hyatt Centric property in Ohio, located in the @580 commercial complex in downtown Cincinnati.

The property, owned by Birkla Investment Group and managed by Commonwealth Hotels, will feature modern guestrooms with locally-inspired design elements and artwork. The development will transform the AT580 building into a premier residential mixed-use facility, including hotel rooms and upscale restaurants.

Located in a central position, the hotel aims to serve as a launchpad for travelers to explore Cincinnati's attractions, local hotspots, and cultural experiences. The project represents a significant investment in Cincinnati's urban core, adding a high-profile brand to the city's hospitality offerings.

Hyatt Hotels (NYSE: H) e Birkla Investment Group hanno annunciato i piani per Hyatt Centric Cincinnati, che aprirà nel primo semestre del 2026. L'hotel, con 170 camere, sarà la prima struttura Hyatt Centric in Ohio, situata nel complesso commerciale @580 nel centro di Cincinnati.

La proprietà, di proprietà di Birkla Investment Group e gestita da Commonwealth Hotels, presenterà camere moderne con elementi di design ispirati al territorio e opere d'arte. Lo sviluppo trasformerà l'edificio AT580 in una struttura residenziale mista di alto livello, comprendente camere d'hotel e ristoranti raffinati.

Situato in una posizione centrale, l'hotel mira a fungere da punto di partenza per i viaggiatori che vogliono esplorare le attrazioni di Cincinnati, i luoghi di ritrovo locali e le esperienze culturali. Il progetto rappresenta un investimento significativo nel nucleo urbano di Cincinnati, aggiungendo un marchio di alto profilo all'offerta di ospitalità della città.

Hyatt Hotels (NYSE: H) y Birkla Investment Group han anunciado planes para Hyatt Centric Cincinnati, que se inaugurará a principios de 2026. Este hotel de 170 habitaciones será la primera propiedad Hyatt Centric en Ohio, ubicada en el complejo comercial @580 en el centro de Cincinnati.

La propiedad, propiedad de Birkla Investment Group y gestionada por Commonwealth Hotels, contará con habitaciones modernas con elementos de diseño inspirados localmente y obras de arte. El desarrollo transformará el edificio AT580 en una instalación residencial de uso mixto de primer nivel, que incluirá habitaciones de hotel y restaurantes de lujo.

Ubicado en una posición central, el hotel tiene como objetivo servir como un punto de partida para que los viajeros exploren las atracciones de Cincinnati, los lugares de interés locales y las experiencias culturales. El proyecto representa una inversión significativa en el núcleo urbano de Cincinnati, añadiendo una marca de alto perfil a la oferta hotelera de la ciudad.

하얏트 호텔 (NYSE: H)와 Birkla 투자 그룹이 하얏트 센트릭 신시내티 개장을 2026년 초로 계획하고 있다고 발표했습니다. 170개의 객실을 갖춘 이 호텔은 오하이오주에 첫 번째 하얏트 센트릭 호텔이 되며, 신시내티 중심부의 @580 상업 단지에 위치합니다.

이 자산은 Birkla 투자 그룹이 소유하고 Commonwealth Hotels가 관리하며, 지역에서 영감을 받은 디자인 요소와 예술 작품이 포함된 현대적인 객실을 특징으로 합니다. 이 개발은 AT580 건물을 고급 레스토랑과 호텔 객실을 포함한 주요 주거 복합 시설로 변모시킬 것입니다.

중심 위치에 자리 잡은 이 호텔은 여행자들이 신시내티의 명소, 지역 핫스팟 및 문화 경험을 탐험할 수 있는 출발점 역할을 하는 것을 목표로 합니다. 이 프로젝트는 신시내티의 도시 중심부에 대한 중요한 투자를 나타내며, 도시의 환대 제공에 높은 프로필 브랜드를 추가합니다.

Hyatt Hotels (NYSE: H) et le groupe d'investissement Birkla ont annoncé des projets pour Hyatt Centric Cincinnati, qui ouvrira début 2026. Cet hôtel de 170 chambres sera la première propriété Hyatt Centric dans l'Ohio, situé dans le complexe commercial @580 au centre de Cincinnati.

La propriété, détenue par Birkla Investment Group et gérée par Commonwealth Hotels, proposera des chambres modernes avec des éléments de design inspirés localement et des œuvres d'art. Le développement transformera le bâtiment AT580 en une installation résidentielle à usage mixte de premier plan, comprenant des chambres d'hôtel et des restaurants haut de gamme.

Situé dans une position centrale, l'hôtel vise à servir de point de départ pour les voyageurs souhaitant explorer les attractions de Cincinnati, les lieux branchés et les expériences culturelles. Ce projet représente un investissement significatif dans le cœur urbain de Cincinnati, ajoutant une marque de haut niveau à l'offre d'hospitalité de la ville.

Hyatt Hotels (NYSE: H) und die Birkla Investment Group haben Pläne für Hyatt Centric Cincinnati bekannt gegeben, das Anfang 2026 eröffnet werden soll. Das Hotel mit 170 Zimmern wird die erste Hyatt Centric-Immobilie in Ohio sein und befindet sich im @580-Komplex im Zentrum von Cincinnati.

Die Immobilie, die sich im Besitz der Birkla Investment Group befindet und von Commonwealth Hotels verwaltet wird, wird moderne Gästezimmer mit lokal inspirierten Designelementen und Kunstwerken bieten. Die Entwicklung wird das AT580-Gebäude in eine erstklassige Wohn- und Mischnutzungseinrichtung umwandeln, die Hotelzimmer und gehobene Restaurants umfasst.

In zentraler Lage soll das Hotel als Ausgangspunkt für Reisende dienen, um die Attraktionen, beliebten Orte und kulturellen Erlebnisse von Cincinnati zu erkunden. Das Projekt stellt eine bedeutende Investition in das städtische Zentrum von Cincinnati dar und fügt dem Hotelangebot der Stadt eine hochkarätige Marke hinzu.

Positive
  • First Hyatt Centric property in Ohio, expanding brand presence
  • Strategic location in downtown Cincinnati's commercial complex
  • Mixed-use development combining hotel rooms with upscale restaurants
  • 170 new rooms adding to Hyatt's portfolio
Negative
  • None.

The hotel is anticipated to open early 2026 in the city’s upscale @580 commercial complex in the heart of downtown Cincinnati

CHICAGO--(BUSINESS WIRE)-- Hyatt Hotels Corporation (NYSE: H) and Birkla Investment Group announced today plans for Hyatt Centric Cincinnati, slated to open in 2026. The 170-room hotel will mark the entry of the Hyatt Centric brand in Ohio and will offer easy access to the heart of bustling downtown Cincinnati. The property is owned by Birkla Investment Group and managed by Commonwealth Hotels.

Hyatt Centric Cincinnati Exterior Rendering (Photo: Business Wire)

Hyatt Centric Cincinnati Exterior Rendering (Photo: Business Wire)

“Hyatt is thrilled to expand its Hyatt Centric brand in the urban markets that our guests and World of Hyatt members seek most, particularly in vibrant city centers like Cincinnati, known for its rich culture and close community,” said Dan Hansen, global head of Americas development at Hyatt. “The guest journey at Hyatt Centric Cincinnati will start the moment they step through our doors, inspiring them to explore and dive into everything the city has to offer.”

Each guestroom will be designed with modern, timeless style Inspired by the destination, partnering with local artists for unique touches in decor and design that adds layer and texture to the space. Colorful inserts that brighten and amuse will give guestrooms a sense of inspired adventure. Hyatt Centric Cincinnati will be a reflection of the surrounding Cincinnati community, creating a connection between guests and the destination, enhancing their overall experience and sense of place.

"Birkla Investment Group is excited to continue the great history of the AT580 building with the development of the Hyatt Centric Hotel,” said Tony Birkla, owner of Birkla Investment Group. “As part of this iconic project, AT580, a premier residential mixed-use facility, will be transformed to include hotel rooms and upscale restaurants, marking a first for Cincinnati. This development blends the building’s rich history with modern luxury, offering a dynamic space that caters to both residents and visitors, making it a vibrant cornerstone of downtown Cincinnati."

Hyatt Centric hotels serve as a launchpad for savvy travelers to explore all that a destination has to offer. With its central location in the @580 building, the hotel will be just steps away from key attractions, local hotspots, and vibrant cultural experiences. The hotel will offer modern amenities that ensure comfort and convenience while preparing visitors for an adventure-filled day. From art lovers and foodies to sports enthusiasts, Hyatt Centric Cincinnati will provide easy access to everything guests need to dive into the local scene.

“Hyatt’s decision to invest in Cincinnati is a testament to the momentum of our urban core,” said Mayor Aftab Pureval of Cincinnati. “The Hyatt Centric brand embodies the vibrancy and energy of our great city, and we couldn’t be more excited about adding such a high-profile brand to our city’s hotel options. I’m thrilled to welcome the Hyatt family to this cornerstone of Downtown Cincinnati.”

To learn more about the Hyatt Centric brand, please visit https://www.hyatt.com/brands/hyatt-centric.

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 guided by its purpose – to care for people so they can be their best. As of December 31, 2024, the Company's portfolio included more than 1,400 hotels and all-inclusive properties in 79 countries across six continents. The Company's offering includes brands in the Luxury Portfolio, including Park Hyatt®, Alila®, Miraval®, Impression by Secrets, and The Unbound Collection by Hyatt®; the Lifestyle Portfolio, including Andaz®, Thompson Hotels®, The Standard®, Dream® Hotels, The StandardX, Breathless Resorts & Spas®, JdV by Hyatt®, Bunkhouse® Hotels, and Me and All Hotels; the Inclusive Collection, including Zoëtry® Wellness & Spa Resorts, Hyatt Ziva®, Hyatt Zilara®, Secrets® Resorts & Spas, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Sunscape® Resorts & Spas, and Alua Hotels & Resorts®; the Classics Portfolio, including Grand Hyatt®, Hyatt Regency®, Destination by Hyatt®, Hyatt Centric®, Hyatt Vacation Club®, and Hyatt®; and the Essentials Portfolio, including Caption by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Studios, and UrCove. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

About Hyatt Centric

Hyatt Centric is a brand of full-service modern boutique hotels located in prime destinations. Created to connect guests to the heart of the action, Hyatt Centric hotels are thoughtfully designed to enable exploration and discovery so they never miss a moment of adventure. Each hotel offers social spaces to connect with others in the lobby, meanwhile the bar and restaurant are local hot spots where great conversations, locally inspired food and signature cocktails can be enjoyed. Streamlined contemporary rooms focus on delivering everything guests want and nothing they don’t. A passionately engaged team is there to provide local expertise on the best food, nightlife and activities the destination has to offer. For more information, please visit hyattcentric.com. Follow @HyattCentric on Facebook and Instagram, and tag photos with #HyattCentric.

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, expected new openings and timing of such openings, growth of new brands, expected owner preference for our brands and expected profitability, 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.

Emily Mekstan

Hyatt

Emily.mekstan@hyatt.com

Source: Hyatt Hotels Corporation

FAQ

When will the Hyatt Centric Cincinnati (NYSE: H) open?

The Hyatt Centric Cincinnati is scheduled to open in early 2026.

How many rooms will the new Hyatt Centric Cincinnati have?

The Hyatt Centric Cincinnati will feature 170 rooms.

Where will the Hyatt Centric Cincinnati be located?

The hotel will be located in the @580 commercial complex in downtown Cincinnati, Ohio.

Who will own and manage the new Hyatt Centric Cincinnati?

The property will be owned by Birkla Investment Group and managed by Commonwealth Hotels.

What makes the Hyatt Centric Cincinnati location significant?

It will be the first Hyatt Centric property in Ohio and is located in a prime downtown location with easy access to key attractions, local hotspots, and cultural experiences.

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