Hyatt Hotels Corporation and HILLGATE Properties NV, a leading Dutch real estate developer, announced today that a Hyatt affiliate has entered into an agreement with an affiliate of HILLGATE Properties NV, for the operation of a Hyatt Place hotel in the Netherlands, near Amsterdam Schiphol Airpor, which is due to be completed in 2013.

"Hyatt Place Amsterdam Airport will be the first Hyatt Place branded hotel in Europe and Hyatt is delighted to be working with HILLGATE Properties on this important brand introduction in such a significant gateway city and market," said Stephen G. Haggerty, global head of real estate and development for Hyatt Hotels Corporation.

"Introducing our select service brands in Europe, which is the destination of more than 50% of international travellers, is key to our growth strategy and we are confident that the Hyatt Place experience will have the same appeal to travellers in Europe as it does in the US," he added.

Hyatt Place Amsterdam Airport, with 330 rooms, will be located in Hoofddorp, within close proximity to Amsterdam Schiphol airport and will be easily accessible from the motorway A4/A5, which connects The Hague, Rotterdam and Amsterdam. It will be 12 kilometers from Amsterdam RAI, the main international exhibition and congress centre in northwestern Europe. Hyatt Place Amsterdam Airport will further benefit from the nearby Hoofddorp railway station, which provides regular services to and from Amsterdam Schiphol airport, Amsterdam Zuidas (South Axes), Amsterdam RAI and the city's main station, Amsterdam Centraal.