Classic Residence by Hyatt in Highlands Ranch Celebrates Grand Opening

Colorado's First "Type A" Life Care Community Officially Opens

Luxury Living for Older Adults in the Rocky Mountains
HIGHLANDS RANCH, Colo.--(Business Wire)--
Classic Residence by Hyatt, a national leader in luxury senior
living, today celebrates the grand opening of the company's newest
continuing care retirement community (CCRC) in Highlands Ranch,
Colorado. The community welcomed its first residents in July of this
year.

The $150 million dollar development, a "Type A" continuing care
retirement community, is the first of its kind in Colorado. The
23.5-acre community, located just south of Denver, has 252 independent
living residences. The Care Center, which will open in 2009, has 16
suites for assisted living, 12 suites for Alzheimer's/memory support
and 24 suites for skilled nursing care services available on site to
residents.

In this ideal location for a luxury living community, older adults
enjoy views of Mt. Evans and close proximity to two medical centers,
the airport, Rocky Mountains, and over 80 miles of walking trails for
outdoor enthusiasts. Resident homes are spacious and range from 923 to
2,086 square feet, with entrance fees for the community ranging from
$308,000 to $885,400.

"We are thrilled to open the doors of our newest community," said
Randal J. Richardson, president, Classic Residence by Hyatt. "And we
are very proud to be the first company to offer Type A life care in
the state of Colorado, which means our residents have quality care on
site when and if they should need it, and with virtually no increase
in their monthly fees. That allows the people who live in our
communities to concentrate on pursuing their passions, whatever those
may be, because they have greater peace of mind knowing that they have
planned wisely for the future, which is so important in this economic
climate."

Building on the company's more than twenty years of experience and
hospitality heritage, Classic Residence by Hyatt in Highlands Ranch
boasts a full range of services and amenities, including a 24-hour
concierge, a fully equipped fitness center, executive chef-prepared
meals and many social, educational, and cultural opportunities for
residents. Current residents of Classic Residence by Hyatt in
Highlands Ranch hail from 21 different states, although the majority
comes from Colorado.

The developer, Shea Homes, and construction company, Saunders
Construction, as well as all engineers, are based locally in Colorado.
The architect is Chicago-based Solomon Coldwell Buenz.

Classic Residence by Hyatt in Highlands Ranch is located at 2850
Classic Drive, Highlands Ranch, Colo. For more information, or to
schedule a visit to the community, please call (303) 348-7800.

About Classic Residence by Hyatt

Classic Residence by Hyatt is a national leader in luxury living
for older adults that currently develops, owns, and operates upscale
senior living communities from coast to coast. 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
toll-free corporate number is 1-800-421-1442, and the company's
website is http://www.hyattclassic.com.

Hyatt is a registered trademark of Hyatt Corporation.

Elite Events
Kimberle Rupert
(303) 683-6074
KJRupert@comcast.net
or
Classic Residence by Hyatt
Liza Michaels
(312) 803-8490
lmichaels@hyattclassic.com

Copyright Business Wire 2008