Hyatt Corporation, the worldwide hotel management and real estate development company, announced today that it will purchase the 143-unit AmeriSuites hotel chain from affiliates of The Blackstone Group.

For the time­impoverished business traveler yearning for a quick getaway ­­but has no time to count points ­­Hyatt Gold Passport makes earning a free winter getaway simple.

Just six months after announcing the Hyatt.com Best Rate Guarantee, Hyatt Hotels Corporation has seen a 44 percent increase in Hyatt.com room revenue from year­-to-­date March 2003 vs. year­-to­-date March 2004.

CHICAGO – Spring, 2004 –Hyatt recently announced the Hyatt.com Best Rate Guarantee, assuring guests that the best published Internet rates at any Hyatt worldwide can be found on Hyatt.com.

The Hyatt Regency Waikiki Resort & Spa will begin the first phase of a two phase, $14 million rooms renovation April 2004, announced Frank Lavey, general manager of the twin­tower resort on Waikiki Beach.