Final Plans for Park Hyatt St. Kitts Presented

Dubai, UAE (November 21, 2013) – At a meeting held recently in Chicago, Hyatt Hotels Corporation’s senior executive management team and project designers reviewed and approved the final designs for Park Hyatt St. Kitts, scheduled to be completed by the end of 2015.

“I am delighted to have achieved this significant stage in the development of Park Hyatt St. Kitts,” said Rakesh Sarna, Americas Group President of Hyatt Hotels Corporation. “It is an exciting time to see the plans for this hotel come to life, through its stunning design.”

The plans for Park Hyatt St. Kitts demonstrate a commitment to responsible tourism that is aligned with the sustainable tourism goals of St. Kitts.  According to the plans, the development will benefit the island’s local communities in addition to helping to preserve the scenic natural beauty of the surrounding landscape.  The developers have also committed to commence hiring and training Kittitians & Nevisians, well in advance of the resort’s opening, in delivering a luxury destination experience and managing an offshore resort.

“Not only is the Park Hyatt project vital to the future economic growth of St. Kitts & Nevis, but this meeting has increased my confidence that the project has all the right elements of sustainability embedded in its design. My discussions with Hyatt Hotels and Range’s executives reassured me of their joint commitment to people empowerment and community development, two of the key philosophical underpinnings of our Government,” said Honorable Ricky Skerritt, St. Kitts & Nevis’ Minister of Tourism & International Transport.

“We are very pleased to have achieved this milestone in the development process,” said Mohammed Asaria, Vice Chairman of Range Developments, developer of Park Hyatt St. Kitts. “We look forward to delivering one of the finest resorts in the Caribbean, in line with the expectations of the Government and people of St. Kitts & Nevis.”

Most recently, Kier, a global construction company based in the UK and a publicly listed FTSE 250 company, was appointed as the main contractor for Phase One of the construction of Park Hyatt St. Kitts.  Kier’s plans for the development include providing employment in construction and maximizing the use of local materials and resources.  Approximately 350 construction jobs as well as additional training program jobs are expected to be created in Phase One. In the near future, Kier will commence their recruitment drive in St. Kitts & Nevis.

St. Kitts & Nevis was represented at the executive meeting by the Honorable Ricky Skerritt. Other senior officials attending included Shaun Treacy, Senior Vice President Product & Brand Design, Americas, for Hyatt Hotels Corporation; Kamal Shehada, Development Director, Range Developments; Jim Ryan, Kier Construction; and Simeon Halstead, Arcadia Designs (head of the team of project designers).

Range Developments is a leading real estate developer operating in niche markets around the world.  Hyatt Hotels Corporation (NYSE: H), headquartered in Chicago, is a leading global hospitality company with a worldwide portfolio of 535 properties in 47 countries as of September 30, 2013.

Park Hyatt St. Kitts will be located at Banana Bay, Christophe Harbour, a 2,500-acre resort community being developed on St. Kitts’ southeast peninsula by Kiawah Developments.  Phase One of the resort will include the construction of 134 luxury rooms and related service facilities, conceptualized around a Caribbean village theme. The site includes a long stretch of picturesque golden sand beach and spectacular hillside views across to the nearby sister island of Nevis.

About Range Developments

Range Developments is a subsidiary of the Range Holdings Group, a leading global real estate and hotel development group. Range Developments is a Dubai based real estate developer which focuses solely on developing luxury resorts.

Range Developments’ flagship project is the Park Hyatt St. Kitts development, a luxury hotel within Christophe Harbour - an emerging resort community on the island of St. Kitts. Boasting 165 rooms and up to 43 branded residential villas and apartments across three phases, the Park Hyatt St. Kitts offers investors a unique opportunity to purchase shares in the development and additional benefits through investment.

For more information about Range Developments, please visit www.rangedevelopments.com