That November Hyatt completed an initial public offering and began trading publicly on the New York Stock Exchange under the symbol H. In August 2009, it was reported that Hyatt Hotels Corporation filed plans to raise up to $1.15 billion in an initial share sale. Hindi for the word 'style', Andaz is positioned as a luxury brand, with the first hotel being a rebrand of the Great Eastern Hotel in London, followed by hotels in San Diego, West Hollywood, Shanghai and New York City. Hyatt launched its first lifestyle brand, Andaz, in April 2007. In January 2012, Hyatt Summerfield Suites were rebranded as Hyatt House in 2012 to compete in the "upscale extended stay market" against Residence Inn, Homewood Suites, and Staybridge Suites. Blackstone had inherited Summerfield Suites from its purchase of Wyndham International. In December 2005, Hyatt acquired limited service company Summerfield Suites from the Blackstone Group. The AmeriSuites chain was rebranded and called Hyatt Place, a competitor to the limited-service products Marriott International's Courtyard by Marriott and Hilton Worldwide's Hilton Garden Inn. Blackstone had inherited AmeriSuites from its 2004 acquisition of Prime Hospitality. In December 2004, Hyatt Hotels Corporation acquired AmeriSuites, an upscale chain of all-suite business class hotels from affiliates of the Blackstone Group, a New York-based private equity investment firm. On June 30, 2009, Global Hyatt Corporation changed its name to Hyatt Hotels Corporation. 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 Corp. One of the first of these was the Hyatt Regency Maui in 1980. Some of these are styled as "resort" properties, and may have spas or other recreational facilities. The Hyatt Regency brand is the oldest brand in the company, with the Grand Hyatt and Park Hyatt brands being introduced in 1980. ĭonald died in 1972 and Jay continued to run the company. The company opened the Playboy Hotel and Casino as a joint venture with Playboy Enterprises. After Hyatt became a private company in 1979, Elsinore was spun off as a public company. 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. The President Hotel was renamed the Hong Kong Hyatt Hotel (later known as the Hyatt Regency Hong Kong). In 1969, Hyatt opened its first hotel outside the United States, when it was awarded the management contract for the President Hotel in Hong Kong. It featured a massive indoor atrium, which soon became a distinctive feature of many Hyatt properties. The futuristic hotel was designed by Atlanta architect John Portman, who would go on to design many other hotels for the chain. In 1967, the company opened their Regency Hyatt House in Atlanta, Georgia (today the Hyatt Regency Atlanta). Within two years, they opened Hyatt House motels near San Francisco International Airport and Seattle–Tacoma International Airport. Considering the growing use of air travel for business, the Pritzker brothers realized that locating a high quality hotel near a major airport was a valuable business strategy. His younger brother, Donald Pritzker, also took on an important role in the company. In 1957, the hotel was purchased by entrepreneur Jay Pritzker for $2.2 million. The first Hyatt House opened in 1954 by entrepreneurs Hyatt Robert von Dehn and Jack Dyer Crouch as a motel near Los Angeles International Airport. Hyatt has more than 1100 hotels and all-inclusive properties in 69 countries across six continents. The acquisition will extend Hyatt's brand footprint into 11 more European markets. ALG’s hotel portfolio consists of over 33,000 rooms operating in 10 countries. In August 2021, Hyatt Hotels Corporation (NYSE: H) acquired Apple Leisure Group (ALG), a luxury resort-management services, travel and hospitality group, from affiliates of KKR and KSL Capital Partners for $2.7 billion in cash. Hyatt has grown by developing new properties and through acquisitions, with the biggest growth coming from the acquisition of AmeriSuites (later rebranded Hyatt Place) in 2004, Summerfield Suites (later rebranded Hyatt House) in 2005, and Two Roads Hospitality in 2018. In 1969, Hyatt began expanding internationally. The Hyatt Corporation came into being upon purchase of the Hyatt House, at Los Angeles International Airport, on September 27, 1957. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties.