We are excited to share with you the introduction of Hyatt Place® and Hyatt HouseTM brands in Asia with the signing of management agreements by Hyatt affiliates for two Hyatt Place hotels and one Hyatt House hotel in Shanghai. In addition, Hyatt affiliates signed management agreements for eight additional full service hotels in China, bringing the total of announced Hyatt-branded hotels under development in China to 32. The first Hyatt House and Hyatt Place hotels in China will be located in Shanghai’s Jiading New Town and Xinjiangwan suburbs. Management agreements have been signed for the 210-room Hyatt Place Shanghai Jiading, the 77-room Hyatt House Shanghai Jiading, and the 150-room Hyatt Place Shanghai Xinjiangwan. We hope you will have the opportunity to visit us. Sincerely, Nick B.