Hyatt and Banyan Cay Development Announce Plans for Banyan Cay Resort & Golf, a Destination Hotel

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New resort will mark the first Destination Hotels property in Florida

CHICAGO (November 19, 2020) – Hyatt Hotels Corporation (NYSE:H) announced today that a Hyatt affiliate has entered into a franchise agreement with Banyan Cay Development (BCD) to develop Banyan Cay Resort & Golf, a Destination #hotel. Expected to open in late 2021, this property will mark entry of the Destination Hotels brand into Florida and will be the first full-service Hyatt-branded property in Palm Beach County, an internationally recognized resort and leisure destination.

With 150 guestrooms, Banyan Cay Resort & Golf will offer independent-minded travelers a 5,000 square-foot spa and fitness center, tennis pavilion, swimming pools, and three food and beverage venues, including signature restaurants and golf clubhouse dining. With over 10,000 square feet of planned indoor meeting and events spaces, guests will also have ample space to host private functions, conferences, and gatherings. Offering guests experiences they crave on and off property, Banyan Cay Resort & Golf will be situated just six miles from pristine beaches and conveniently located near West Palm Beach International Airport.

"At Hyatt, we prioritize thoughtful growth in locations that matter most to our guests, World of Hyatt members and customers, and we are excited to introduce Hyatt's high-quality and distinct experiences to West Palm Beach," said #davidtarr, senior vice president, development, Americas, Hyatt. "We look forward to collaborating with Banyan Cay Development to expand the Destination Hotels brand footprint and provide travelers with a unique, upscale resort option."

Resort guestrooms and suites will provide an oasis of peace, quiet and privacy, designed in a refined and modern Palm Beach aesthetic. Situated by the resort's tropical pool and offering scenic views of Banyan Lake, Banyan Cay Resort & Golf will also offer 22 private resort villas, including bell service, daily housekeeping, room service, private kitchens and spacious living and dining areas.

"We are thrilled to collaborate with Hyatt on plans to introduce the first golf resort in the city of West Palm Beach and provide guests with an elevated stay experience that embodies the laid-back elegance and spirit of southern Florida," said #domenicgatto, founder of Banyan Cay Development. "With its longstanding reputation in stand-out resort offerings, the Destination Hotels brand is perfectly suited to help guests discover all that the resort will offer."  

Banyan Cay Resort & Golf is home to a 130-acre Jack Nicklaus signature golf course and clubhouse, which is currently open and operating. The golf course offers 18-holes of thoughtful play with gently rolling fairways, landforms, various water features, and sod-wall bunkers that provide both aesthetics and complexity. To date multiple events, charity tournaments and qualifiers for major PGA sanctioned tournaments, including the Honda Classic and the US Open, have been hosted on the Banyan Cay Golf Course. Not only has the Banyan Cay Golf Course been selected to host prestigious PGA events, but it is expected to host many more events of similar caliber in the future. 

For more information about the Destinations #hotel brand, please visit: https://www.destinationhotels.com/

The term "Hyatt" is used in this release for convenience to refer to #hyatthotels Corporation and/or one or more of its affiliates. 

For further information:

About Destination Hotels 

Destination Hotels is a diverse collection of independent hotels, resorts and residences that are individual at heart yet connected by a commitment to embody the true spirit of each location. Ranging from upscale to luxury, each property is purposefully crafted to be a place of immersive discoveries, authentic design, and warm and welcoming service. As honored hosts, Destination Hotels connects guests to both people and place—offering a sense of belonging that invites all to make our destination yours. For more information, visit destinationhotels.com. Follow Destination Hotels on Instagram: @destinationhotels, Twitter: @Destination, and Facebook: Destination Hotels. 

About #hyatthotels Corporation  

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global #hospitality company offering 21 premier brands. As of September 30, 2020, the Company's portfolio included more than 950 #hotel, all-inclusive, and wellness resort properties in 67 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 employees, 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®, Caption by Hyatt, Joie de Vivre®, Hyatt House®, Hyatt Place®, tommie™, UrCove, 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. 

About Banyan Cay Development
Banyan Cay Resort & Golf offers West Palm Beach a new luxury resort and residential experience. Featuring Jack Nicklaus' 300th Signature Golf Course, state-of-the-art golf practice facilities, West Indies-inspired Club House, and a Destination #hotel coming in late 2021, members, residents and future guests alike are sure to have a refined, relaxing experience. The central location in one of South Florida's biggest travel hotspots, offers the best of both worlds—a respite away from the crowds all while being only a short drive from Palm Beaches numerous attractions. For more information, visit banyancay.com.

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