Classic Residence by Hyatt at La Jolla Village Celebrates Major Expansion

San Diego’s Finest Luxury Senior Living Community Opens Second Tower
San Diego, CA - December 4, 2008

Classic Residence by Hyatt, a national leader in luxury senior living, will celebrate the completion of the $147 million dollar expansion of the company's continuing care retirement community (CCRC) in San Diego, Calif. at a grand opening event on December 4. Classic Residence by Hyatt at La Jolla Village is a "Type A" CCRC that offers an unmatched level of services and amenities, rooted in the company's hospitality heritage.

A "Type A" continuing care retirement community means that residents have access to high quality care on-site, including assisted living, skilled nursing and memory support/Alzheimer's care if they should need it, which can provide a sense of reassurance and comfort to older adults, especially in these unpredictable times.

The community's continuing care program provides residents with access to the on-site care center with virtually no increase in their monthly fees, except for additional meals or ancillary items. Knowing that a continuum of care is available provides the residents of a continuing care retirement community, like Classic Residence by Hyatt at La Jolla Village, greater peace of mind knowing that they have planned wisely for the future.

Long term financial planning is critically important in this economic climate. In addition, Americans are living longer than ever before due to healthier lifestyles and better health care, yet health care and insurance costs continue to rise. Choosing a continuing care retirement community can help fix long-term care costs for a couple or individual, versus the cost of long-term care insurance or private nursing.

"We very pleased that older adults are making the wise choice to move into Classic Residence by Hyatt at La Jolla Village now," said Randal J. Richardson, president, Classic Residence by Hyatt. "We are proud to deliver an outstanding value to our residents and encourage older adults in the area to visit us and learn about the economic and social benefits of living at a continuing care retirement community."

The new North Tower continues to fill with excited residents who have made the choice to take advantage of all the life at Classic Residence by Hyatt has to offer. Though the first new residents moved into the North Tower this past summer, the December 4 celebration event will be the first time the media will be formally invited to tour this spectacular, one-of-kind premier retirement destination in Southern California.

Classic Residence by Hyatt at La Jolla Village blends the concept of a world-class hotel, recreational living and fine dining with the availability of care to create a vibrant lifestyle in a unique setting. Located at 8515 Costa Verde Boulevard, it is the ideal location for a luxury living community. Older adults enjoy panoramic views of Torrey Pines bluffs from both the North and South Towers and are in close proximity to two medical centers, popular shopping centers and world-class theatre. Resident homes in the newly expanded North Tower are spacious and range from 1,200 to 2,919 square feet.

The 365,108-square foot new North Tower compliments the community's polished campus and existing South Tower and care center. The new tower includes 184 beautifully designed apartments, and a new community space that joins the community's two towers. The new circular driveway is lined with cypress leading to a grand fountain and dramatic porte-cochere. Warm decorating tones, Italian marble, and hand placed mosaic tiles are also incorporated into the striking d�cor that is found throughout the entire property.

Services available to residents include concierge assistance, valet service, housekeeping and maintenance, freeing time for leisure activities such as lectures, musical events, book discussions, and area excursions. The community also features a full-service spa; state-of-the-art fitness center; and indoor swimming pool. Plus residents can choose from fitness classes that include Pilates, yoga, line-dancing and tai chi.

Because healthy, gourmet dining is one of the cornerstones of the company's hospitality heritage, two new restaurants have been added to the North Tower, expanding the dining options for residents. Cafe Biscotti, a casual cafe serving breakfast, lunch and mid-day specialty coffee and light fare, was unveiled earlier this year. Arrosti, an elegantly casual bistro, opened in late May. Unique elements of Arrosti's flare include a demonstration kitchen and private seating areas. The America's Cup, a richly decorated bar and lounge with mahogany walls and overstuffed club chairs, is now an ideal spot for residents to enjoy sporting events on a 56" television. The original club style restaurant on the 21st floor of the South Tower has been transformed to Twenty One, a formal dining room-which opened just this fall and already is quite popular with the residents who want to enjoy a formal dining option in the evenings.

About Classic Residence by Hyatt

Classic Residence by Hyatt is a national leader in senior living that develops, owns and operates communities for older adults in Scottsdale, Ariz.; Monterey, Calif. (owned by Pacifica Companies and managed by Classic Residence by Hyatt); Palo Alto, Calif.; San Diego, Calif.; Highlands Ranch, Colo.; Aventura, Fla.; Boca Raton, Fla.; Hollywood, Fla.; Lantana, Fla.; Naples, Fla.; Plantation, Fla.; Pompano Beach, Fla.; Glenview, Ill.; Chevy Chase, Md.; Reno, Nev.; Teaneck, N.J.; Yonkers, N.Y.; Hilton Head Island, S.C.; and Dallas, Texas. Classic Residence by Hyatt's newest continuing care retirement community is under development in Scottsdale, Ariz. A major expansion has just been completed in San Diego, Calif. Classic Residence by Hyatt communities have earned honors for being among the nation's finest, including Platinum, Gold, and Silver Achievement Awards from the National Association of Home Builders 50+ Housing Council. The company's Web site is at http://www.viliving.com.

Classic Residence by Hyatt is a privately held company and is independent from Hyatt Hotels and Resorts.

Media Contacts

Name: Liza Michaels

Phone: 312-803-8490

Email: lmichaels@hyattclassic.com

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