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Irvine Company Assuming Management of Irvine’s Premier Business Hotel

Irvine, Calif. (Sept. 27, 2013) — Irvine Company Resort Properties announced today that it has reached an agreement with an affiliate of Hyatt Hotels Corp. to rebrand and transition management of the Hyatt Regency Irvine.

Irvine Company Resorts Properties, operator of The Resort at Pelican Hill, Island Hotel Newport Beach and marinas and golf courses, is set to assume management of the Irvine Company-owned hotel in December as part of a transition with Hyatt.

“We have enjoyed a wonderful working relationship with Hyatt and appreciate Hyatt’s sound management and commitment to Irvine,” said Ralph Grippo, president of Irvine Company Resort Properties. “We are always evaluating the best way to operate our properties, and this transition reflects the growth of our Resorts division as it builds its portfolio. As part of our long-term commitment to Irvine, we will serve travelers and the community with our well-regarded standards of service and reinvestment.”

Irvine Company Resorts Properties and Hyatt will work together on a changeover that is seamless for travelers and groups using the hotel.

“We wish our hotel associates and colleagues at Irvine Company Resort Properties much success with this new chapter for the hotel,” said Marc W. Ellin, senior vice president, Americas, for Hyatt Hotels & Resorts. “We have been very committed to bringing Hyatt’s authentic hospitality to the people and visitors of Irvine for the past 23 years.”

Once the transition is complete, the 536-room hotel will be run as an independent property with a new name due to be unveiled in coming months.

“We look forward to sharing details as they come available,” Grippo said. “We have had tremendous success as an operator of world-class independent resort properties with The Resort at Pelican Hill and Island Hotel Newport Beach and look to build on that with this hotel.”

The hotel is located in Jamboree Center, an Irvine Company-owned property that offers 1.6 million square feet of premier office space. The Company also owns and operates three apartment communities and a shopping center near the Hyatt Regency Irvine.

All Hyatt Regency Irvine reservations, contracted rates and confirmed bookings for guest rooms, banquets, meetings and conferencing will be honored. For more information, please email hotelinquiries@irvinecompany.com.