Hyatt Dorado Beach Resort to Shut Doors May 31

Released on = April 23, 2006, 8:02 pm

Press Release Author = Global Travel

Industry = Entertainment

Press Release Summary = After almost 50 years of business, the Hyatt Dorado Beach
Resort & Country Club will cease operations and close on May 31.

Press Release Body = After almost 50 years of business, the Hyatt Dorado Beach
Resort & Country Club will cease operations and close on May 31.
The 262-room property, set on 1,000 beachfront acres in Dorado, about 20 miles west
of San Juan, opened in 1958; Hyatt Hotels Corp. has managed the property since 1985.

The Dorado Beach Hotel Corp., which owns the resort, said that it would terminate
its management contract with Hyatt on the same date, it is citing the expense of
renovations and upkeep -- "a consequence of the shortcomings of a facility designed
50 years ago," according to Richard Schulze, president of DBHC.
"The facilities no longer fulfill the expectations and requirements of our guests,"
Schulze said. "Today's travelers have more choices and alternatives, which include
state-of-the-art accommodations."
The nearby Hyatt Hacienda del Mar Vacation Club Resort (the former Hyatt Regency
Cerromar Beach Resort) is a separate operation, which will not be affected by the
resort's closure. In addition, the golf club and the four 18-hole courses will
continue to operate.
The Puerto Rico Tourism Co. is hopeful that a new owner will come forward so that
the Hyatt Dorado Beach can remain a tourist destination.
Chuck Floyd, COO and executive vice president of Hyatt Hotels Corp., said Hyatt will
"do all in our power" to assist "our loyal employees who have served this property
for so long."
The resort is Hyatt's sole hotel property in Puerto Rico and currently, one of just
three Hyatt facilities in the Caribbean (not including the vacation club property).
The others are Hyatt's 360-room resort in Aruba and its 289-room Grand Cayman
facility, which has been closed since Hurricane Ivan in September 2004, except for
the 53 beachfront suites in a separate location across the road from the main hotel.


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