Hyatt Hotels Corporation has announced the appointment of John Burlingame to the newly created position of global head – residential development. In this role, Burlingame is responsible for residential components of development transactions worldwide and reports to Steve Haggerty, global head of real estate and development.

“We are delighted to have John in this role,” said Haggerty. “John’s leadership and experience will be valuable in Hyatt’s drive to become the preferred brand for developers and guests around the world.”

Most recently, Burlingame served as executive vice president of Hyatt Vacation Ownership, Inc., which he played a key role in founding. Burlingame joined Hyatt in 1982 and during his tenure with the company has held positions in development, market planning and research, and was also responsible for pursuing new development opportunities for Hyatt. Burlingame graduated with a bachelor’s degree in hotel administration from Cornell University and also holds a Master of Business Administration in finance from University of Chicago.

Hyatt has appointed Ed Crovo senior vice president, HVOI, replacing Burlingame. Crovo is responsible for timeshare and fractional operations in North America. In addition, he provides oversight and consistency for the branded residential portion of mixed-use projects. Crovo reports to Chuck Floyd, chief operating officer, North America operations, Hyatt Hotels Corporation.

Prior to joining HVOI, Crovo spent over 28 years with Hyatt Hotels & Resorts in a variety of capacities, including positions as general manager at Hyatt Regency Maui, Hyatt Regency Waikiki, Hyatt Regency Waikoloa, Hyatt Regency Hilton Head, Hyatt Regency Miami and the Hyatt Des Moines. Crovo has also held various management positions in numerous hotels within the Hyatt system. Crovo holds a Bachelor of Science degree in business administration with a concentration in hotel and restaurant administration from Florida State University.

About Hyatt Vacation Club
Hyatt Vacation Club provides members with vacation ownership opportunities in regionally inspired and designed residential-style properties with the quality of the Hyatt brand. Members have the flexibility of usage, exchange and rental. Hyatt Vacation Club members can choose to occupy their home resort, exchange their time among 15 Hyatt Vacation and Residence Clubs, trade their week for Gold Passport points and travel within the Hyatt system, or exchange their time at properties participating within Interval International, a third party company with over 2,200 resorts in their exchange network worldwide.

About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a proud heritage of making guests feel more than welcome. Thousands of members of the Hyatt family in 45 countries strive to make a difference in the lives of the guests they encounter every day by providing authentic hospitality. The company’s subsidiaries manage, franchise, own and develop hotels and resorts under the Hyatt®, Park Hyatt®, Andaz™, Grand Hyatt®, Hyatt Regency®, Hyatt Place® and Hyatt Summerfield Suites™ brand names and have locations under development on five continents. Hyatt Vacation Ownership, Inc., a Hyatt Hotels Corporation subsidiary, develops and operates vacation ownership properties under
the Hyatt Vacation Club® brand. As of June 30, 2009, the company’s worldwide portfolio consisted of 413 properties. For more information, please visit www.hyatt.com.

After a four-month proactive market analysis of luxury beachfront real estate, Hyatt Siesta Key Beach has taken a bold step in redefining the price of luxury. The 44-residence luxury fractional ownership resort announced today it will offer significantly adjusted pricing for early buyers.  Residences will now be offered starting at the low $100, 000’s to the mid $300,000’s.

“Pricing for the resort reflects 2008 luxury real estate values,” said David Lehrman, Director of Sales and Marketing for Hyatt Siesta Key Beach. “We have adjusted our initial pricing so that we are able to deliver a product that has superior construction, more square footage, custom furniture and décor, luxury services and amenities, and on-site world-class property management.”

Lehrman says that owning at Hyatt Siesta Key Beach will appeal to buyers who in the past may have been looking for a luxury second home, but are now more interested in a value proposition. “Our new pricing reflects a superior product at a fraction of the cost of what is selling in today’s market; it allows people to be fiscally conservative and responsible without giving up the luxury they have come to expect,” said Lehrman.  “Prospects we have previously spoken to are responding to our revised first phase pricing. We sold four the first week.”

Luxury fractional ownership at Hyatt Siesta Key Beach provides owners with up to six weeks of vacation with the added benefits of on-site property management by a luxury brand, the style of service and amenities luxury buyers expect, and travel opportunities to other Hyatt Residence Club properties as well as Hyatt Hotels & Resorts® worldwide. Hyatt Siesta Key Beach will open early Summer 2009. For more information about Hyatt Siesta Key Beach, visit www.hyattsiestakeybeach.com, or call 941.953-8160.

About Hyatt Siesta Key Beach:
Hyatt Siesta Key Beach is a first of its kind luxury fractional ownership resort in Sarasota, Florida. The beachfront resort will feature a boutique collection of 44 designer-furnished residences. Residences will include luxury brands such as Wolf, Sub Zero and Fisher Paykel. Other finishes will include custom furniture and décor, Italian-crafted kitchen and bathroom cabinetry and lavish linens. Ownership at Hyatt Siesta Key Beach includes 365-day Cabana Club privileges*. Initial release is 1/8 (six weeks) and 1/16 (three weeks) fractions with early buyer incentive pricing starting at just under $150,000. An early summer 2009 opening is planned. Visit www.hyattsiestakeybeach.com.

Hyatt Siesta Key Beach is Hyatt Vacation Ownership’s 15th luxury resort property. Other resorts are in Key West and Bonita Springs, FL; Carmel and Truckee, CA; San Antonio, TX; Aspen, Beaver Creek and Breckenridge, CO; Lake Tahoe, NV; Sedona, AZ and Dorado, Puerto Rico with Fifth Avenue, New York City coming soon.

*subject to Cabana Club rules and regulations

About Global Hyatt Corporation:
Global Hyatt Corporation, headquartered in Chicago, is one of the world’s premier hotel companies. The hotels owned, operated, managed or franchised by its subsidiaries provide authentic hospitality to guests in 45 countries through a passionate commitment to personalized service, cultural relevance, and the environment. Global Hyatt subsidiaries own, operate, manage or franchise more than 365 hotels and resorts worldwide under the Hyatt®, Hyatt Regency®, Hyatt Resorts™, Grand Hyatt®, Park Hyatt®, Hyatt Place®, Hyatt Summerfield Suites® and Andaz™ brands with additional properties under development on five continents. Global Hyatt Corporation is also the owner of Hyatt Vacation Ownership, Inc., operator of Hyatt Vacation Club®. The success of Global Hyatt is driven by the commitment and energy of the thousands of men and women around the world who provide exceptional service to hotel guests. From the U.S. and Canada, reservations for any Hyatt hotel worldwide may be obtained by calling 1-800-233-1234 or visiting www.hyatt.com.

This edition features a leading European Finance Company as our Front Cover Sponsor, a look at the Baby Boomer market and how it will influence the timeshare and fractional industry and an exclusive interview with industry veteran, Franz Hanning, President & CEO, Wyndham Vacation Ownership.

EDITION HIGHLIGHTS Front Cover Sponsorship: HMC Funding Supplier Review: Products & Services Directory Private Residence Club: The Whiteface Lodge, Lake Pacid, New York Perspective A-list: Franz Hanning, President & CEO, Wyndham Vacation Ownership Luxury Hotel: Constance Le Prince Maurice, Mauritius Supplier Review: NorthCourse Developer Review: Hyatt Vacation Ownership Feature: Why The Boomers Now View Edition Online | Download To Hard Drive