Company Profile
Company Overview
We are a global hospitality company with widely recognized, industry leading brands and a tradition of innovation developed over our more than fifty-year history. Our mission is to provide authentic hospitality by making a difference in the lives of the people we touch every day. We focus on this mission in pursuit of our goal of becoming the most preferred brand in each segment that we serve for our associates, guests, and owners. We support our mission and goal by adhering to a set of core values that characterizes our culture.
We manage, franchise, own and develop Hyatt branded hotels, resorts and residential and vacation ownership properties around the world. As of March 31, 2010, the company's worldwide portfolio consisted of 434 properties.
Grand Hyatt features spectacular, distinctive hotels in major gateway cities and resort locales located in the heart of the cities and destinations they serve. With presence around the world and critical mass in Asia, Grand Hyatt hotels are places to enjoy, socialize and entertain. Signature elements of Grand Hyatt include dramatic and energetic lobby environments, innovative dining options, state of the art technology, spa and fitness centers and comprehensive business and meeting facilities. Grand Hyatt’s customers are experienced individual business and leisure travelers. The hotels also cater to conferences, corporate meetings and social gatherings of all sizes.
Company History
Hyatt was founded by Jay Pritzker in 1957 when he purchased the Hyatt House motel adjacent to the Los Angeles International Airport. Over the following decade, Jay Pritzker and his brother Donald Pritzker, working together with other Pritzker family business interests, grew the company into a North American management and hotel ownership company, which became a public company in 1962. In 1968, Hyatt International was formed and subsequently became a separate public company. Hyatt Corporation and Hyatt International Corporation were taken private by the Pritzker family business interests in 1979 and 1982, respectively. On December 31, 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, now named Hyatt Hotels Corporation.