Hyatt Hotels Corporation, founded in 1957 by Jay Pritzker and headquartered in Chicago, is present in nearly 60 countries and operates a portfolio of 13 upscale and luxury brands.
The Hyatt Group's history began in 1957, when Jay Pritzker bought the Hyatt House Hotel near Los Angeles International Airport from Hyatt von Dehn. The chain grew rapidly, leading to its IPO in 1962 and the creation of Hyatt International in 1968, one year after the inauguration of the first Hyatt Regency in Atlanta. The group made its international debut in 1969 with the opening of a Hyatt Regency unit in Hong Kong. The portfolio continued to evolve in 1980 with the launch of the Grand Hyatt brands in New York and Park Hyatt in Chicago.
Hyatt Corporation and Hyatt International Corporation became unlisted companies in 1979 and 1982. They merged into a single entity at the end of 2004, then renamed Global Hyatt Corporation and Hyatt Hotels Corporation in 2009. In 2005, it acquired from Blackstone the upscale chain AmeriSuite, which became Hyatt Place. In 2006, it also acquired the Summerfield Suites hotel chain. Including The company, which includes fifteen establishments acquired from Hotel Sierra, it was renamed Hyatt House in 2012. The following year, the group opened up to the all-inclusive resort market and launched two new brands in Mexico: Hyatt Ziva and Hyatt Zilara. In 2015, it introduced its upscale lifestyle concept: Hyatt Centric.
Ranked the 12th largest hotel group in the world in 2017, Hyatt Hotels Corporation currently operates a portfolio of 13 brands positioned in the upscale and luxury segments. It operates 663 hotels and 173,534 rooms in nearly 60 countries.