Hyatt Hotels Corporation is a multinational hospitality company that was founded on September 27, 1957 by Jay Pritzker and Donald Pritzker. The company is headquartered in Chicago, Illinois, and has more than 900 hotels, resorts, and vacation properties in over 65 countries across six continents. Hyatt operates under several brands, including Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, and more.
Hyatt's primary business is the management, ownership, and franchising of hotels and resorts. The company offers a range of accommodation options, including luxury hotels, resorts, all-inclusive properties, and extended-stay apartments. Hyatt also offers dining and event spaces, fitness centers, spas, and other amenities at its properties. Additionally, the company provides loyalty programs, meetings and event planning services, and other hospitality-related services.
Hyatt went public on November 5, 2009, with an initial public offering of 38 million shares of Class A common stock at $25 per share. The IPO was the largest hotel industry IPO in history, raising $950 million. Since then, Hyatt's stock has traded on the New York Stock Exchange under the ticker symbol H.
Hyatt has grown through a combination of acquisitions and new developments. In 2018, the company acquired Two Roads Hospitality, a collection of independent lifestyle hotels and resorts. In 2021, Hyatt announced a strategic partnership with American Airlines, which includes enhanced loyalty program benefits and joint marketing initiatives.