Rio Hotel & Casino Las Vegas Officially Joins the Destination by Hyatt Brand and Completes Phase One of its $340 Million Transformation

Las Vegas(November 21,2024) - The newly reimagined Rio Hotel & Casino has officially joined the Destination by Hyatt brand, following the completion of the resort's first phase of its $340 million property-wide transformation. As part of the Destination by Hyatt brandand award-winning World of Hyatt loyalty program, Rio connects guests and members to both the people and place of Las Vegas- offering guestsa sense of belonging and the immersive experiences they crave.Rio is owned and managed by Dreamscape Companies.

As the largest property within Hyatt's global hotel portfolio, based on room count,and the first Destination by Hyatt hotel in Nevada, Rio strengthens World of Hyatt's brand footprint in the one of the world's most vibrant destinations for leisure, conventionand group travel.

"We are proud to welcome the newRio Hotel & Casino to our Destination by Hyatt brand portfolio, celebrating Hyatt's commitment to delivering one-of-a-kind experiences in key markets that matter most to our World of Hyatt members and guests," said Mike Waddell, SVP, Global Franchise Operations, Hyatt. "Rio is an icon reborn, and its legacy and unique character live on. We are excited for our members and guests to discover the experiences that make Rio Las Vegas a standout destination for global travelers."

Phase one of Rio's$340 million renovation included the full redesign and modernization of the all-suite resort's 1,500-room Ipanema Tower featuring anew look inspired by the vibrant spirit of Rio de Janeiro: bold, colorful, and unapologetically radiant. The hotel also recently unveiled sixnew and distinctly different culinarydestinationswithin the new Canteen Food Hall, 220,000 square feetof newly renovated meetings and convention space, a revamped pool district with four vibrantpools catering to both adults and families, and more than 500 new slot machines and 30 table games on the resort's casino floor. The renovation is part of a larger vision to create a vibrant and dynamic lifestyle experience at the intersection of affordability and indulgence.

Other highlights from the resort's phase onerenovationinclude the openingsof: Lapa Lounge, a sophisticated and vibrant cocktail destination locatedin the heart of the resort and inspired by Rio de Janeiro's iconic Lapa neighborhood,and LuckleyTavern & Grill, a "come as you are" casual dining destination serving an approachable all-American menu.In addition, famed lighting designers Chris Kuroda and Andrew Giffin have created a stunning, programmable light show for the resort's exterior.

Phase two of the resort's renovation will focus on completely redesigning and modernizing the Masquerade Tower guestrooms and public spaces, ensuring an elevated and cohesive guest experience across the entire property.

"Rio's Destination by Hyatt brand affiliation marks an exciting new chapter for our resort through our progressive evolution," said Patrick Miller, Presidentand CEO of Rio Hotel & Casino. "We'venot only reenergized the resort'sdesign and experience, but we've proudly honored itslegacy as a quintessential Las Vegas icon, providingWorld of Hyatt members and global travelers with even more ways to immerse themselves in our destination's fun, energetic and eclectic atmosphere."

Rio participatesin World of Hyatt,allowing members to earn and redeem points for eligible stays and enjoy waived resort fees on Free Night Awardswhile elite members can enjoy their World of Hyatt benefitsthat can include room upgrades and more. Rio is currently participatingin Hyatt's cyber sale that offers Worldof Hyatt members up to 25% off their stay at Rio, along with over 800 hotels across the Americas. Members can book this offer on Hyatt channels now through December 9, 2024,for stays throughApril 20, 2025.

Centrally locatedat 3700 W. Flamingo Road, Rio Hotel & Casino is just a short distance from the Las Vegas Strip and less than a 15-minute drive from Harry Reid International Airport. It offers guests a distinctive and vibrant Las Vegas experience, blending adventure, creativity, and comfort away from the hustle and bustle of the Strip.

To learn more about Rio Las Vegas, visit www.riolasvegas.com.

About Rio Hotel & Casino Las Vegas
Rio Hotel & Casino, which is part of the Destination by Hyattbrand, is locatedjust one block off the Las Vegas Strip on Flamingo Road. It boasts over 2,500suite-sizedguestrooms, including 1,500 newly remodeled suites in the Ipanema Tower. The property features a 220,000-square-foot convention and meeting space, a new 3-acre pool paradise, and a revitalized casino floorwith 30table games and 800 slot machines. Recent additions to the property include the Canteen Food Hall, Lapa Lounge, and LuckleyTavern & Grill. For more information, visit riolasvegas.comand connect with Rio on Facebook, Instagram, and Twitter.

About World of Hyatt
World of Hyatt is Hyatt's award-winning guest loyalty program uniting participating locations in Hyatt's Timeless Collection, including the Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt Vacation Club®, Hyatt Place®, Hyatt House®, and UrCovebrands; Boundless Collection, including in the Miraval®, Alila®, Andaz®, Thompson Hotels®, Dream® Hotels, Hyatt Centric®, and Caption by Hyatt® brands; Independent Collection, including in The Unbound Collection by Hyatt®, Destination by Hyatt®, and JdVby Hyatt® brands; and Inclusive Collection, including in the Impression by Secrets, Hyatt Ziva®, Hyatt Zilara®, Zoëtry® Wellness & Spa Resorts, Secrets® Resorts & Spas, Breathless Resorts & Spas®, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas brands. Members who book directly through Hyatt channels can enjoy personalized care and access to distinct benefits, including Guest of Honor, confirmed suite upgrades at the time of booking, diverse wellbeing offerings, digital key, and exclusive member rates. With more than 40 million members, World of Hyatt offers a variety of ways to earn and redeem points for hotel stays, dining and spa services, wellbeing focused experiences throughthe FIND platform; as well as the benefits of Hyatt's strategic loyalty collaborations with American Airlines AAdvantage® and Small Luxury Hotels of the World™. Travelers can enroll for free at hyatt.com, download the World of Hyatt app for android and IOS devices and connect with World of Hyatt on Facebook, Instagram, TikTok and Twitter.

About Destination by Hyatt
The Destination by Hyatt brand is a diverse collection of independent hotels, resorts and residences that are individual at heart yet connected by a commitment to embody the true spirit of each location. Ranging from upper-upscale to luxury, each property is purposefully crafted to be a place of immersive discoveries, authentic design, and warm and welcoming service. As an honored host, each Destination by Hyatt locationconnects guests to both people and place-offering a sense of belonging that invites all to make our destination yours. For more information, visit destinationbyhyatt.com.Follow the Destination by Hyatt brand on Instagram: @destinationhotels, Twitter:@Destination, and Facebook: Destination Hotels

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. 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 when made, are inherently uncertain, and are subject to numerous assumptions and uncertainties, many of which are outside of Dreamscape Companies or Hyatt's control, which could cause actual results, performanceor achievements to differ materially from those expressed in or implied by such statements. Forward-looking statementsmade in this press release are made only as of the date of their initialpublication and neither party undertakes an obligation to publicly update any of these forward lookingstatements as actual events unfold, except to the extent required by applicable law. If one or more forward-looking statements is updated, no inference should be drawnthat any additionalupdates will be made with respect to those or other forward-looking statements.