April 19, 2002—Classic Residence by Hyatt, the senior living affiliate of Hyatt Corp., recently opened an office in Salt Lake City, Utah, to focus on new business development in the western region of the United States.

“Classic Residence by Hyatt is committed to bringing the highest quality of senior living to older adults across the country,” said Senior Vice President of Acquisitions and Mergers Matt Phillips. “One of our goals is to grow our company through the development of high-end continuing care retirement communities. Our new Salt Lake City office extends the current market coverage of our Sarasota, Fla., and Chicago, Ill., offices.” Currently, Classic Residence has 15 operating communities and three communities under development at locations in ten states nationwide.

Heading up the Salt Lake City office is Vice President of Development Alan Cottle. The founder and former chief executive officer of Cottle Corporation, Cottle brings to Classic Residence more than 20 years of expertise in real estate acquisitions and development. He has additional experience as chairman and founder of the long-term health care company Infinia Health Care, where he was responsible for all acquisitions and property development. Under his guidance over three years, the company expanded to include 22 facilities.

“Classic Residence by Hyatt is the national leader in providing a continuum of living for older adults who desire a vibrant lifestyle with peace of mind,” Cottle said. “The opportunity to help lead the expansion of a company with such proven success is tremendously appealing to me, and I am thrilled to be a part of the Classic Residence team.”

Cottle earned his bachelor of arts degree in business and finance from the University of Utah, where he minored in architecture. He has served on the boards of several builder organizations and master-planned communities in the Pacific Northwest and Utah.

Assisting Cottle is paralegal Sherry Fenn, who previously served as director of acquisitions under Cottle at Infinia Health Care. She attended Ricks College of Brigham Young University in Rexberg, Idaho.

Classic Residence by Hyatt is an award-winning, nationally recognized leader in senior living that currently owns, manages, and markets upscale senior living communities in Yonkers, N.Y.; Teaneck, N.J.; Chevy Chase, Md.; Hilton Head, S.C.; Lantana, Fla.; Boca Raton, Fla.; Pompano Beach, Fla.; Plantation, Fla.; Hollywood, Fla.; Naples, Fla.; Dallas, Texas; Scottsdale, Ariz.; Reno, Nev.; La Jolla, Calif.; and Monterey, Calif.

Classic Residence by Hyatt communities are under development in Palo Alto, Calif.; Aventura, Fla.; and Glenview, Ill. Classic Residence communities have earned honors for being among the nation's finest, including the Gold Nugget Grand Award in the category of "Best Seniors' Project—Active Adult," the Award of Excellence from the Association of Retirement Resorts International, and the Gold Seal Award for Best of Design from the National Association of Home Builders. The toll-free corporate number is 1-800-421-1442, and the company's award-winning Web site is at http://www.hyattclassic.com/.