Hyatt Regency Century Plaza Hotel

A favorite destination of celebrities and dignitaries for 40 years, the Hyatt Regency Century Plaza hotel offers a peaceful, seven-acre retreat in the midst of the glitz and glamour of Los Angeles’ Westside, near Beverly Hills. Its 726 newly renovated guestrooms and suites look out across the Pacific Ocean and the dramatic downtown skyline and feature cozy Hyatt Grand beds, spacious baths, flat-screen TVs and high-speed Internet access.

The hotel’s 100,000 square feet of meeting, conference and banquet space, including an exhibit hall and several executive boardrooms, also offer state-of-the art connections. Highlighting the function facilities, the 25,134 square-foot Los Angeles Ballroom—one of the city’s largest event halls—features modern meeting capabilities in a tasteful setting.

Additionally, conference guests have access to the expert staff of PSAV Presentation Services, who can help orchestrate meeting essentials, from budget planning to audiovisual equipment to networking options.

Equinox Fitness Club + Spa, the hotel’s exclusive partner, presents guests with expert personal coaches and cutting-edge group exercise classes, while the full-service onsite spa offers a long list of rejuvenating treatments.

Visitors refuel at the hotel’s award-winning restaurant, Breeze, known for its fresh California cuisine and hip sushi bar, or at the new X bar, Hollywood’s see-and-be-seen venue, featuring a small-plates gourmet menu and organic cocktails. Offsite, the attractions of L.A. beckon, including Rodeo Drive, Beverly Hills, and the Santa Monica Pier and beaches.

Hyatt Meeting Dividends - Double Points

Hyatt Meetings Take Two Group Offer 2008

Start	End	Rooms	Rate
12/07/08	12/27/08	500	From $189

Posted Jun 2, 2008 by Nikki H
View RSS Feed LOS ANGELES - June 2, 2008 - Los Angeles real estate investor Michael Rosenfeld's Next Century Associates, a joint venture with an entity in the D. E. Shaw group, a global investment firm, has purchased the renowned Century Plaza Hotel for $366.5 million, approximately $505,000 per room, from Sunstone Hotel Investors, Inc. (NYSE:SHO). The 19-story hotel, a centerpiece of Century City in Los Angeles with a highly recognizable sweeping arc shape, has 726 guestrooms and 85,000 square feet of meeting space, including the Los Angeles Ballroom, largest in the Southland.

"This is a rare opportunity to buy a jewel in my hometown," said Michael Rosenfeld, founder and CEO of Century City-based Woodridge Capital Partners and managing partner of Next Century Associates. "The Century Plaza has been an LA icon since it opened in 1966. Further, its location in the heart of Century City is unbeatable," he added, pointing to its position within walking distance of new luxury residential towers, the Westfield shopping center, and 10 million square feet of the finest office complexes in Los Angeles including the recently completed 2000 Avenue of the Stars directly across the street.

"Properties like the Century Plaza Hotel are one-of-a-kind; they have lasting value in any economic environment," Rosenfeld noted. "Prime Westside assets are maintaining their value and attractiveness to buyers, particularly international ones. It is not every day such a prime property becomes available."

Sunstone purchased the hotel in 2005 and immediately implemented a $36 million improvement program, installed Global Hyatt as the operator and added the highly popular X-Bar with its indoor/outdoor lounge and a 35,000 square foot Equinox health club as well as major improvements to all public areas. The X-Bar was named one of the top ten destinations for young professionals by the Hollywood Reporter.

"Sunstone has done a great job in repositioning the hotel to a first-class property and we intend to continue this momentum," according to Rosenfeld. "We want to expand its appeal to the growing entertainment industry now based in Century City including Creative Artists Agency (CAA) as well as to business travelers, affluent shoppers and international visitors."

Hyatt will continue to operate the hotel that sits on 5.75 acres at 2025 Avenue of the Stars. The property has extensive gardens as well as four outdoor swimming pools with private cabanas, a 20-room spa and several restaurants.

Sunstone Hotel Investors Release

SAN CLEMENTE, Calif., June 2, 2008 - Sunstone Hotel Investors, Inc. (NYSE: SHO) announced today that it has sold its 726-room Hyatt Regency Century Plaza to Los Angeles real estate investor Next Century Associates, LLC for gross cash proceeds of approximately $366.5 million, which equates to approximately $505,000 per room and approximately 18.6x the hotel's 2007 EBITDA (excluding guaranty payments).

"Shortly after I returned as interim CEO, we received an offer, which ultimately led to today's announcement," said Bob Alter, Executive Chairman. "This sale marks the conclusion of yet another highly successful hotel investment for Sunstone through which we created significant value for our stockholders by renovating, rebranding and repositioning an underperforming asset."

"We acquired the Century Plaza hotel in October of 2005 for approximately $400,000 per room and implemented a business plan that included conducting a major renovation, installing Hyatt as our new manager and positioning the hotel to maximize its appeal to both group and business travelers in light of the reemergence of Century City as the premier entertainment business market. In addition to a complete rooms and public space renovation, we added the successful X-Bar lounge and created a high-end Equinox health club in an underutilized 35,000 square foot building on the hotel grounds."

"During our ownership period, we implemented a number of successful asset management initiatives aimed at unlocking new revenue streams and achieving a strong return on our invested capital. Due in large part to the successful execution of our plan and a strong performance by the Hyatt team, the hotel's annual EBITDA nearly tripled during our ownership period. Additionally, during our ownership period we received a total of $27 million in yield support payments from Hyatt, which guaranteed an annual 10% return on our equity through the third quarter of 2007. The combination of a well-planned renovation, creative asset management and meaningful yield support from Hyatt enabled Sunstone to realize a total internal rate of return of approximately 19% upon sale." [url]http://www.sunstonehotels.com[/url]

Century City was created in the early 1960s as a master-planned community on 176 acres that were originally part of the backlot of the 20th Century Fox Studios. It was designed as a self-contained, mixed-use mini-city and today it is on the verge of achieving this original vision as a world-class residential and mixed-use destination, Rosenfeld said.

Woodridge Capital Partners, founded by Rosenfeld in 1988, is a broad-based real estate investment company with hotel, residential, commercial and industrial assets throughout the United States and Canada. Rosenfeld recently sold the 24-story Carlyle on Wilshire, a luxury residential tower on Wilshire Boulevard's Golden Mile, to New York based Elad Group for $140 million.

The D. E. Shaw group is a global investment and technology development firm with more than 1,300 employees; approximately $36 billion in aggregate investment capital as of April 1, 2008; and offices in North America, Europe, and Asia. Since its organization in 1988, the firm has earned an international reputation for financial innovation, technological leadership and an extraordinarily distinguished staff. Posted Feb 15, 2008 by robertw
View RSS Feed CONTACT: Erika Garcia-Lavyne
Hyatt Regency Century Plaza
310-551-3299
Elavyne@hyatt.com

FOR IMMEDIATE RELEASE

HYATT REGENCY CENTURY PLAZA RENOVATIONS NEAR COMPLETION
Legendary Hotel Enters Second Phase of Facelift

LOS ANGELES, CA (December 5, 2007) - Hyatt Regency Century Plaza, Los Angeles' landmark Century City "urban resort," has entered the second phase of its much anticipated renovation. With nearly half a century of remarkable history under its belt, and presidents, prime ministers, Hollywood celebrities and VIPs among its illustrious guest list, the Century Plaza earned more than the standard overhaul and deserved to reclaim the title it debuted to on June 1, 1966: "World's Most Beautiful Hotel."

Renovations slated for February 2008 completion are under way. Upgrades will include the famous Presidential and Royal Suites that have housed every U.S. president since Lyndon Johnson, the grand Lobby Court & Patio, and the Executive Conference Center. With a fresh approach, and a decidedly Los Angeles feel, the new look will add a sense of contemporary glamour to this renowned, ever-evolving hotel.

"Century Plaza, with its long and storied history, is still making headlines forty years later," said General Manager David Horowitz. "These renovations and upgrades ensure that the hotel will be a show-stopper far into the future, as well."

Upgrades to be unveiled:
The Century Plaza's two Penthouse Suites, the West-facing Presidential Suite and the East-facing Royal Suite, each 2,500 square feet, were long the largest hotel suites in Los Angeles. Upon renovation by Santa Monica-based firm Design 360, they will be among the grandest. The two bedroom, two bath Presidential Suite, with dreamy views of the Santa Monica Mountains, Pacific Palisades and the Pacific Ocean, will welcome guests to a Hollywood inspired design emphasizing sophistication and glamour. Both elegant and comforting, the mix of ivory neutrals with small bursts of color will enjoy exotic touches like silvery-grey snakeskin barstools, and a rich mix of finishes to include rosewood, ebony, ivory lacquer and white gold. Contemporary furnishings blend a linear 'L' shaped sofa in the main salon with curvilinear lounge chairs in living area, and softer lined, low tub chairs in the dining area. Add complimentary use of the hotel's chauffeur-driven Hummer; Regency Club access; a state-of-the-art home theater system and iPod docking stations; a library collection of CDs, DVDs and top selling hard bound books; 42" LCD television sets; a Sony VAIO computer work station; universal cell phone chargers; a stocked bar; and fresh flower arrangements daily, even the most stately of Presidential Suite guests begin to "go Hollywood."

For a different approach, the Royal Suite, with sweeping views of Downtown, the Hollywood sign and mountain range beyond, is a bold statement, both sexy and modern. A progressive design style begins with entry walls covered in a dramatic, deep, red lacquer which opens up to a strikingly light and airy living space. The palette includes unexpected combinations of orange, red, black and eggplant contrasting with ivory linen. Making a seductive statement is a bone-colored leather serpentine sofa accented with black and natural calfskin pillows. Additional surprises include a dramatic bronze-gold reptile skin wall covering in the master bedroom; a glass table dining area with a smoke grey glass and chocolate brown lacquer buffet, and Italian-made hanging directional lights, perfect for making any small party camera ready! Of course, all travelers' comforts such as, Regency Club access; L'Occitane bath amenities; plush bathrobes; iPod and Bose docking stations pre-loaded with guests' favorite music, a state-of-the-art Bose home theater system, the most current newsstand titles and a stocked bar are ready to luxuriate. Fresh flower arrangements make any guest feel at home.

In addition, the Lobby Court & Patio will return to its original grandeur under the guidance of highly regarded international design firm Gensler Architecture. One of few places in Los Angeles that encourages people watching, the Century Plaza's Lobby is a spot to see and be seen. Enjoying a cocktail in this classic environment, guests cozy up in a corner and watch a parade of who's who from around the corner and around the globe.

Gensler's designs are a distinct departure from the standard safe, moderate approach. Instead, the new Lobby Court will radiate Hollywood glamour, drama and sophistication while achieving intimacy in such a grand space. At 12,500 square feet, Century Plaza's Lobby Court is the largest such environment in Los Angeles. With textured gold metallic paint, mirrored walls, mother-of-pearl accents, shimmering glass- beaded frescoes on columns and furnishings in a rich set of gold, silver, red, black, grey and leather, the scene is set. Ensuring privacy and warmth are small group seating arrangements, flattering eye level lighting, cozy fabrics and striking conversation pieces.

The Lobby Court's Patio, is being transformed from a simple outdoor seating area into a virtual backyard living space. Inviting guests to indulge in the joy of outdoor California living, the patio will feature a central ethanol-burning fireplace. Dividing the lobby patio from the hotel's pool and landscaped grounds will be peek-a-boo fence element, and a permanent canopy to create a 'room like' atmosphere. Materials include concrete, glass, wood, stainless steel, bamboo and grass. Seating and furniture will create conversational settings in a color palette of black onyx, warm red and gold.

Bar and food service will be available throughout the patio and lobby areas and will focus on classic cocktails and small plates from around the world.

Finally, the Executive Conference Center (formerly the South Mezzanine), situated on the hotel's mezzanine level, will be a space devoted solely to accommodate small group size meetings of up to 100 people. There are eight meeting rooms ranging from 390 to 1,100 square feet, all of which have floor to ceiling windows that face Los Angeles' famed Avenue of the Stars or the hotel's lush backyard gardens. New carpeting, window treatments and lighting fixtures designed in soft neutral tones, complement the wood accent finishes throughout the renovated space. Amenities will include a selection of Aeron and ergonomically correct banquet chairs that offer lumbar support for marathon meetings; wood finished boardroom style conference tables (table skirts not required!); personal concierge; on-site business center and A/V services, WiFi; and state-of- the-art high speed Internet. Corporate Meeting Planner packages are available for turnkey planning and reservations.

About the Hyatt Regency Century Plaza: Located at 2025 Avenue of Stars, the Hyatt Regency Century Plaza is adjacent to Beverly Hills, in the fashionable Westside of Los Angeles. All of the hotel's 726 guestrooms and suites are wholly refurbished, designed in a clean and contemporary, yet traditional style with marble baths, Hyatt's "Grand Bed," and 32" LCD HD televisions. Now open, Equinox Fitness Club + Spa offers exclusive fitness equipment, elite level Personal Coaches, and cutting edge Group Fitness classes; while the Spa delivers results for body, mind and spirit with 14 types of massage, VIP tranquility lounge and retail boutique. Additional enhancements include: a one of a kind, ground level, VIP Regency Club with two floors devoted to Regency Club guest accommodations; a Starbucks coffee bar; and X bar, a new indoor-outdoor modern lounge. The famous Lobby Court & Patio, Les Clef d'Or Concierge staff, an infinity edge pool and 24- hour room service round out the iconic hotel's amenities. For reservations and more information, call: 310-228-1234. For reservations at any Hyatt hotel worldwide, call 800-233-1234 or log onto www.hyatt.com.

About Global Hyatt Corporation

Global Hyatt Corporation, one of the world's premier hotel companies, offers today's travelers more than 750 hotels and resorts (more than 140,000 rooms) in more than 45 countries. The company's affiliates own, operate, manage and franchise Hyatt-branded hotels and resorts under Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt Resorts, Hyatt, Hyatt Place and Hyatt Summerfield Suites brands, as well as the company's newest global luxury brand, Andaz, which recently opened its first property in London. Global Hyatt Corporation is also the owner of Hyatt Vacation Ownership, Inc. operator of 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 on to www.hyatt.com.

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