The $400 million hotel and amenities investment has long been part of Genting's vision of bringing an integrated resort, popular in global destinations such as Las Vegas and Singapore, to New York City. The integrated resort will seamlessly feature a variety of non-gaming amenities to complement the most innovative gaming products and entertainment offerings, allowing guests of all interests and budgets an experience that fits their personal tastes.
Beyond redefining the hotel experience for leisure guests, the new hotel will apply a high-touch experience for meetings and events, with 5,000 square feet of total function space and state-of-the-art meeting facilities all backed by a dedicated team offering meeting planners a seamless, confident service, for themselves and attendees.
This development will bring the total investment of RWNYC to over $1.1 billion since opening in October 2011, after Genting spent more than $700 million to enhance the existing Aqueduct grandstand to become a leading entertainment destination. The hotel addition is estimated to create more than 500 good-paying careers for New Yorkers and provide additional revenue for New York State's Lottery Education Fund. RWNYC has already generated nearly $3 billion for New York's public schools.
'This hotel creates job opportunities for hundreds of the borough's residents and is an important step in improving the gaming experience in Queens,' said New York State Senator Joseph P. Addabbo Jr., of Queens, who also serves as Chair of the NYS Senate Racing, Gaming and Wagering Committee. 'Resorts World Casino New York City is doing its part to show tourists there is more to New York City than just Manhattan. I look forward to more people exploring the borough I've called home my entire life.'
'Resorts World is raising the stakes by providing world class comfort and accommodations to their visitors,' said New York State Senator Leroy Comrie, of Queens. 'Our community welcomes the jobs, atmosphere, and energy that this new hotel partnership between Resorts and Hyatt will create. This exciting endeavor is another reason why we should include full table gaming at Resorts World NYC.'
Congressman Gregory Meeks said, 'Resorts World Casino New York City's partnership with Hyatt is a welcome addition to the 5th District, further adding to the thriving economic development in southeast Queens. Hyatt's hospitality will help service the substantial tourism that comes through JFK, which serves as not just a hub to New York City, but the world. I congratulate Resorts World New York and Hyatt and look forward to seeing the jobs created in the community as a result of this partnership.'
'Hyatt Hotels are an internationally recognized brand, known for their upscale amenities and top-of-the-line destinations in diverse and thriving communities - so it makes sense that they view our community in the same way,' Assemblywoman Stacey Pheffer Amato said. 'Their investment, in addition to the nearly $1 billion put into retrofitting Aqueduct Racetrack and building the current complex by Genting will help Resorts World contribute even more to our local economy and establish us as an international destination. Welcome to the neighborhood!'
'The hospitality industry plays a vital role in the vibrance of New York City and it is important that employment opportunities continue to thrive through them,' said Queens City Councilwoman Adrienne Adams, Co-Chair of the Black, Latino and Asian Caucus. 'I celebrate this milestone partnership between Resorts World and Hyatt in Queens and welcome its addition to our community.'
Queens City Councilman Eric Ulrich said, 'I congratulate Resorts World on this exciting partnership, which will bring jobs and economic development to our community. This project will provide jobs to local residents and small businesses throughout the area will benefit from the increased tourism. I look forward to seeing the hotel open.'
'This new development will bring good, union jobs and add to the ever-growing array of Queens destinations, which we are very excited about,' said Queens City Councilman I. Daneek Miller, Chair of the Committee on Civil Service and Labor. 'Queens truly is the World's Borough, and this partnership will no doubt attract even more visitors and continue to grow our local economy.'
'The Resorts World hospitality partnership with Hyatt will offer visitors a top-flight hotel with world-class amenities right here in Queens,' said Acting Queens Borough President Sharon Lee. 'In proximity to JFK, it will be a boon for both Queens and regional tourism, jobs and the economy.'
'The addition of a hotel at Resorts World Casino New York City completes a wonderful transformation in southeast Queens,' said Thomas Grech, Executive Director of the Queens Chamber of Commerce. 'Resorts World Casino NYC are excellent partners and now a major presence in Queens County and beyond. The jobs, resulting economic development and contributions to the local economy have created opportunities much larger than ever envisioned. We are grateful for their continued support and partnership.'
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'The Queens community will certainly benefit from the new Hyatt hotel at Resorts World NYC. This international brand will only add to the prestige of our premier gaming and entertainment center. Jobs will be created that afford new opportunities for a diverse and growing workforce,' said Seth Bornstein, Executive Director of the Queens EDC.
Community Board 10 Chairwoman Betty Braton said, 'I'm excited about the jobs this hotel is generating for the neighboring community, whether it's construction while it's being built or more permanent positions once it's finished. This long-term job creation will help to spark economic activity in Queens.'
'NYC & Company looks forward to welcoming The Hyatt Regency JFK at Resorts World New York to the City's leading portfolio of hotel properties,' said Fred Dixon, NYC & Company President and CEO. 'This new development will add to the ever-growing appeal of Queens as a vibrant destination for domestic and international travelers but will also provide valued tourism jobs as the travel industry emerges from the global pandemic.'
For more information, please visit www.rwnewyork.com or www.hyattregency.com.
The term 'Hyatt' is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
Resorts World Casino New York City (RWNYC) is the only casino in New York City, offering more than 8 million guests annually an unparalleled gaming and entertainment experience while generating over $2.8 billion for the State's education system since opening in 2011. RWNYC is operated by the Genting Group, a global company founded in 1965, operating destination resorts in Malaysia, Singapore, the Philippines, the United Kingdom, the Bahamas, the United States and all four oceans through its Star Cruises, Dream Cruises and Crystal Cruises brands. Genting has more than 50 years of experience in the travel and leisure industry and collectively employs approximately 60,000 people while offering an unparalleled resort experience to over 50 million visitors a year worldwide.
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About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company offering 21 premier brands. As of June 30, 2020, the Company's portfolio included more than 900 hotel, all-inclusive, and wellness resort properties in 65 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top employees, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination®, Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt Zilara™, Thompson Hotels®, Hyatt Centric®, Caption by Hyatt, Joie de Vivre®, Hyatt House®, Hyatt Place®, tommie™, UrCove, Hyatt Residence Club® and Exhale® brand names, and operates the World of Hyatt® loyalty program that provides distinct benefits and exclusive experiences to its valued members. For more information, please visit www.hyatt.com.
About Hyatt Regency
The Hyatt Regency brand prides itself on making travel free from stress and filled with success. More than 200 conveniently located Hyatt Regency urban and resort locations in more than 30 countries around the world serve as the go-to gathering space for every occasion – from efficient personalized, high-touch business meetings to energizing family vacations. The brand offers stress-free environments for seamless gatherings and empathetic service that anticipates guests' needs. Designed for productivity and peace of mind, Hyatt Regency hotels and resorts offer a full range of services and amenities, including the space to work, engage or relax; notable culinary experiences; technology-enabled ways to collaborate; and expert meeting and event planners who can take care of every detail. For more information, please visithyattregency.com. Follow @HyattRegency onFacebook, Twitter andInstagram, and tag photos with #HyattRegency.
Forward-Looking Statements
Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as 'may,' 'could,' 'expect,' 'intend,' 'plan,' 'seek,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'potential,' 'continue,' 'likely,' 'will,' 'would' and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by the issuer of this release, are inherently uncertain. You are cautioned not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. Neither the issuer of this release nor any other entity associated with it or its subject matter undertakes any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If one or more forward-looking statements is updated, no inference should be drawn that any additional updates will be made with respect to those or other forward-looking statements.
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