Global Hyatt Corporation and GICSA Announce Management Agreement for Park Hyatt Mexico City - Reforma

In a joint press conference today in Mexico City, Global Hyatt
Corporation and GICSA announced the latest addition to the prestigious
Park Hyatt portfolio, Park Hyatt Mexico City - Reforma. Located within
the impressive Capital Reforma development, a new multi-purpose
complex comprised of offices, high-end luxury Park Hyatt Residences
and exclusive retail shops, Park Hyatt Mexico City is slated to open
in late 2009.

With 150 luxury guest rooms and suites, the hotel will feature
modern architectural design combined with rich residential interiors,
two creative restaurant concepts, a lounge and elegant bar - all
designed to appeal to both hotel guests and local residents. Banquet
and meeting options will include a variety of flexible spaces,
incorporating natural light and space into the design. In addition,
the hotel will serve as a modern urban retreat, featuring a luxurious
two-floor spa and convenient, exclusive access to the complex's
heliport.

"We are delighted to be returning to the exciting city of Mexico
after an absence of more than 20 years," remarked Myles McGourty,
Hyatt's area vice president, Latin America. "We are particularly proud
to be associated with GICSA and this important development, Capital
Reforma, in the heart of this fast-growing financial and residential
center of Mexico City."

"Park Hyatt Mexico City - Reforma is important to Hyatt as it is
the first in a series of new developments that we are planning to add
to our Mexican portfolio over the next few years in both resort and
city locations," he added.

"The opportunity to work with Global Hyatt Corporation is an
important recognition of the high caliber of work that GICSA and our
partners have accomplished on this development," commented Guillermo
Sanchez, Director for the Hotels and Resorts Business Unit of GICSA.
"Park Hyatt Mexico City will be a landmark in our city.

"The ability to link the prestige, history and experience of our
companies brings even greater cachet to the Capital Reforma project,"
Sanchez added. "The strength of this union will be translated into
great value and benefits for our future clients.

Hyatt's top-tier luxury brand, Park Hyatt hotels are intimate and
residential in style, promising elegant and gracious service on a
highly personalized scale. Park Hyatt hotels are further distinguished
by prime locations and exceptional interior design. Hyatt
International Corporation operates 24 Park Hyatt brand hotels in 17
countries, with an additional eight hotels under development. This
will be the first Park Hyatt hotel in Mexico, which will join its
award-winning sister properties in Latin America, Palacio Duhau - Park
Hyatt Buenos Aires and Park Hyatt Mendoza - Hotel, Casino & Spa, both
in Argentina.

Hyatt International also operates two Grand Hyatt properties in
South America (in Santiago, Chile and Sao Paulo, Brazil) as well as an
additional five hotels in Mexican destinations including Acapulco,
Cancun, Merida and Villahermosa.

ABOUT GLOBAL HYATT CORPORATION

Global Hyatt Corporation, one of the world's premier hotel
companies, offers today's travelers over 735 hotels and resorts (over
136,000 rooms) in more than 44 countries. The company's affiliates
own, operate, manage and franchise Hyatt branded hotels and resorts
under the Park Hyatt(R), Grand Hyatt(R), Hyatt Regency(R), Hyatt
Resorts(R), Hyatt(R), Hyatt Place(TM) and Hyatt Summerfield Suites(R)
brands. Global Hyatt Corporation is also the owner of Hyatt Vacation
Ownership, Inc. operator of the Hyatt Vacation Club and fractional
residential properties and U.S. Franchise Systems, Inc., which
franchises Hawthorn Suites and Microtel Inns and Suites.

From the U.S. and Canada, reservations for any Hyatt hotel
worldwide may be obtained by calling 1-800-233-1234 or logging onto
www.hyatt.com.

ABOUT GICSA

Comprised of Mexican investors, GICSA is a leader in the real
estate development industry in Mexico with operations in 40 percent of
the country in different ventures, such as: commercial plazas,
corporate centers, industrial parks, residential developments, and
hotels and resorts. In addition to GICSA's domestic reach, the
organization has a presence in the United States which includes Texas,
Nevada and Florida, where it has consolidated its leadership with more
than eight residential projects, four of them already completed and
the rest in development. For more information about GICSA, please log
on to www.gicsa.com.mx.