Park Hyatt
 |
|
| Public | |
| Traded as | : H |
| Industry | Hospitality |
| Headquarters |
Hyatt Center Chicago, Illinois, United States |
|
Key people
|
Thomas J. Pritzker (Executive chairman) Mark S. Hoplamazian (President and CEO) |
| Products | Hotels, Resorts |
| Brands |
|
| Revenue | $4.4 Billion |
|
Number of employees
|
96,627 (2015) |
| Website | www |
Hyatt Hotels Corporation is an American multinational owner, operator, and franchiser of hotels, resorts, and vacation properties. The Hyatt Corporation came into being upon purchase of the Hyatt House, at Los Angeles International Airport, on September 27, 1957. As of September 30, 2016, Hyatt has 679 properties in 54 countries. In 2017, Fortune magazine listed Hyatt as the 32nd-best U.S. company to work for.
The original owners were entrepreneurs Hyatt Robert von Dehn and Jack Dyer Crouch; after a few years, Von Dehn sold his share in the hotel to entrepreneur Jay Pritzker. Jay's younger brother Donald Pritzker also took on an important role in the company.
Over the following decade, acquisitions were made, and Hyatt became the fastest-growing hotel chain in the United States. Donald died in 1972; Jay continued to run the company.
In 1969, Hyatt opened its first hotel outside the United States, the Hyatt Regency Hong Kong. In 1980 the Grand Hyatt and Park Hyatt brands were introduced. Hyatt runs resort hotels, starting with the Hyatt Regency Maui in 1980. As of 30 November 2015[update] Hyatt had over 627 hotels worldwide.
In 1972 Hyatt formed Elsinore Corporation, a subsidiary to operate the Four Queens Hotel and Casino and the Hyatt Regency Lake Tahoe Resort, Spa & Casino. After Hyatt became a private company in 1979, Elsinore was spun off as a public company. The company opened the Playboy Hotel and Casino as a joint venture with Playboy Enterprises.
In June 2004, substantially all of the hospitality assets owned by Pritzker family business interests, including Hyatt Corporation and Hyatt International Corporation, were consolidated under a single entity called Global Hyatt Corporation. On June 30, 2009, Global Hyatt Corporation changed its name to Hyatt Hotels Corporation.
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Wikipedia