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Hyatt Hotels Corporation (NYSE: H) is pleased to announce the opening of Hyatt Regency San Francisco Downtown SoMa, previously known as Park Central San Francisco, following a comprehensive 70-million-dollar reimagination, located at 50 3rd Street.
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Hyatt Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions]
I would now like to hand the conference over to your speaker today, Mr. Brad O Bryan. Thank you. Please go ahead, sir.
Brad O Bryan
Treasurer and Senior Vice President, Investor Relations and Corporate Finance
Thank you, Carol. Good morning, everyone, and thank you for joining us for Hyatt s Fourth Quarter 2020 Earnings Conference Call. Joining me on today s call are Mark Hoplamazian, Hyatt s President and Chief Executive Officer; and Joan Bottarini, Hyatt s Chief Financial Officer. Before we get started, I would like to remind everyone that our comments today will include forward-looking statements under federal securities laws. These statements are subject to numerous risks and uncertainties as described in our annual report on Form 10-K, quarterly reports on Form 10-Q and other SEC filings. These risks could cause our actu
December 2020 632 Hyatt Hotels Corporation has entered into a franchise agreement with 50 Third Street Owner LP for Park Central San Francisco to join the Hyatt portfolio as an affiliated hotel. The hotel is managed by Highgate and expected to rebrand to Hyatt Regency San Francisco Downtown SoMa, following significant renovations. The 681-room Park Central San Francisco, located in the heart of San Francisco’s south of market (SoMa) neighborhood, will undergo a multi-million-dollar renovation starting in early 2021, that will include a full redesign of guestrooms, transformation of the meeting and event spaces, ground floor lobby area and food and beverage experience, as well as a relocation and expansion of the fitness centre.