Penny Pritzker Honored by National Association of Home Builders 50+ Housing Council as "Icon of the Industry"

Chairman and Founder of Classic Residence by Hyatt Recognized for Leadership and Innovation in Senior Housing

CHICAGO, IL, MAY 19, 2005

The National Association of Home Builders (NAHB) 50+ Housing Council named Penny Pritzker one of five "Icons of the Industry" at the Building for Boomers & Beyond: Seniors Housing Symposium 2005. Pritzker is the founder and chairman of Classic Residence by Hyatt, a national leader in luxury senior living that owns, manages, operates, and markets 20 senior living communities in 11 states. By focusing on the continuum of care, Classic Residence by Hyatt addresses its residents' needs through innovative wellness, health care, fitness, and nutrition programs. 

Now in its fifth year, the Icons Awards program recognizes individuals and companies who have contributed to 50+ housing market through leadership and innovation.

"The Icons are leaders and visionaries in active adult and seniors housing," said Randy Reinhart, chairman of the 50+ Housing Council. "The 50+ market is one of the fastest-growing segments of the industry, and the 2005 Icons have set the bar for professionalism and have left a lasting impression on our industry."

"It is an honor to have been selected as a recipient of the 2005 National Association of Home Builders Icon of the Industry award," Pritzker commented. "I appreciate the National Association of Home Builders' attention to the senior housing industry."

About Classic Residence by Hyatt
Classic Residence by Hyatt is a national leader in luxury senior living that currently owns, manages, and markets upscale senior living communities in Scottsdale, Ariz.; Monterey, Calif.; Palo Alto, Calif.; San Diego, Calif.; 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 three newest continuing care retirement communities are under development in Highlands Ranch, Colo., Dallas, Texas and Scottsdale, Ariz. A major expansion is underway 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 toll-free corporate number is 1-800-421-1442, and the company’s Web site is at http://www.hyattclassic.com/.