PCPD and Hyatt Announce Plans for Park Hyatt Hotel and Residences in Niseko, Japan

Immediate Release
Pacific Century Premium Developments and Park Hyatt

Park Hyatt Niseko, Hanazono and Park Hyatt branded residences will bring Hyatt’s luxury brand to one
of Asia’s top ski resort destinations.

HONG KONG/ TOKYO/ CHICAGO (November 9, 2015) – Pacific Century Premium Developments
Limited (“PCPD”, SEHK: 00432) and Hyatt Hotels Corporation (NYSE: H) announced today that their
affiliates have entered into a management agreement for a Park Hyatt hotel and residences in Niseko,
Japan. Expected to open in 2019, Park Hyatt Niseko, Hanazono will join Park Hyatt Tokyo as the brand’s
second hotel in the country and will reflect the intimate and contemporary feel of the Park Hyatt brand
while embracing the culture and beauty of Niseko.

Located in one of Asia’s foremost ski resort destinations, Park Hyatt Niseko, Hanazono will provide
convenient access to New Chitose Airport, allowing guests to stay connected to the main hubs of Japan
and international destinations. Park Hyatt Niseko, Hanazono will also feature approximately 100 branded
residences and will offer the first Park Hyatt residences in Japan. Park Hyatt Niseko, Hanazano will
operate a rental program that will allow participating owners, when not occupying their residences, to
have Park Hyatt Niseko, Hanazano rent their residences.

“The agreement marks a key milestone in our Hokkaido project where we have long term plans to
develop this area into a world-class resort destination,” said Robert Lee, PCPD’s Deputy Chairman and
Chief Executive Officer. “With this collaboration, we believe the project will be well received and the
resort development will become a tourism landmark in Niseko, Hokkaido upon its completion, which will
support the long-term growth of the local community. PCPD is committed to increasing its presence in
high-growth areas, particularly in the Asia Pacific region. There is currently strong interest among tourists
and investors in Japan, and we are delighted to announce this new development and move it forward.”
“We are excited to collaborate with PCPD, majority-owned by leading Hong Kong company, PCCW
Limited, on this landmark luxury development,” said David Udell, Group President, Asia Pacific, Hyatt
Hotels Corporation. “This project is a testament to our commitment to strategic and thoughtful growth in
Japan. We are grateful to have the opportunity to introduce the Park Hyatt brand to Niseko, one of the
most renowned ski resort destinations in the world, and we know that the brand’s sophisticated and
personalized service will attract guests from around the world.”

Park Hyatt Niseko, Hanazono and its residences will be a pivotal part of PCPD’s resort and residential
development in Niseko. The entire development, which will be undertaken in phases, has a site area of
approximately 789,000 square meters and a developable gross floor area of approximately 620,000 square

Situated in Hanazono, one of the four ski areas of Niseko, guests will be within walking distance to ski
trails in nearby Mount Annupuri with convenient ski-in and ski-out access. The hotel will feature
approximately 100 guestrooms, a selection of specialty restaurants, extensive meeting space, a golf
clubhouse, a ski shop and valet, a destination spa, a fitness center and a swimming pool to ensure guests a
memorable experience during their stay.

Park Hyatt Niseko, Hanazono will be a great addition to Hyatt’s growing portfolio in Japan and will join
10 Hyatt-branded hotels in the country, including Park Hyatt Tokyo, Andaz Tokyo Toranomon Hills,
Grand Hyatt Fukuoka, Grand Hyatt Tokyo, Hyatt Regency Hakone Resort and Spa, Hyatt Regency
Fukuoka, Hyatt Regency Kyoto, Hyatt Regency Naha, Okinawa, Hyatt Regency Osaka and Hyatt
Regency Tokyo.

The term “Hyatt” is used herein for convenience to refer to Hyatt Hotels Corporation and/or one or more
of its affiliates.

Full Story of Release, click here