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Dorado Beach Scraps Hyatt Agreement

March 22, 2006 By: Mark Rogers Travel Agent

Dorado Beach Hotel Corporation, owner of Hyatt Dorado Beach Resort & Country Club in Puerto Rico, announced that it will cease operation of Hyatt Dorado Beach Hotel and terminate its management agreement with Hyatt Hotels Corporation, effective May 31. Hyatt Corporation has managed Dorado Beach Hotel since 1985. "Although there are no definitive plans for Hyatt's future on the island following the hotel's closure, we are committed to regaining our presence as soon as the opportunity arises," said Chuck Floyd, chief operating officer and executive vice president of Hyatt Hotels Corp.

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