Hyatt
| Company type | Hotels |
|---|---|
| Industry | Hospitality |
| Founded | 1957 |
| Headquarters | Chicago, Illinois |
Area served | International |
| Products | Hotels |
| Parent | Global Hyatt Corporation |
| Website | Hyatt Hotels |
Hyatt is an international hospitality brand within the Global Hyatt Corporation that operates numerous properties.
Hyatt is a part of the Marmon Group which is owned by Chicago's Pritzker Family. Mark S. Hoplamazian is the current President and CEO of Global Hyatt Corporation. He took over the position on 28 November 2006.
Hyatt Center (completed in 2005 & located in downtown Chicago at 71 South Wacker Drive), is the headquarters for Hyatt corporation. Prior to this, the corporate headquarters was around the corner at 200 West Madison Street.
History
The Hyatt Corporation was born upon purchase of the Hyatt House, at Los Angeles International Airport on September 27, 1957. The original owner was an entrepreneur named Hyatt R. von Dehn, who sold the hotel to Jay Pritzker. Mr Pritzker heard the hotel was for sale while sitting in its coffee shop called ‘Fat Eddie’s’ waiting for a flight. He scribbled a bid for $2.2 million dollars on a napkin, and the Hyatt Corporation was born.[citation needed] (That’s the equivalent of $15,770,581 in 2006.)
The Hyatt became famous after the chain opened the world's first atrium hotel in 1967, the Hyatt Regency Atlanta[1], a decade after opening its first hotel.
In 1969, Hyatt opened its first hotel overseas, the Hyatt Regency Hong Kong [which closed at the end of 2005 and re-opened as the Grand Hyatt Hong Kong [2]opened in 1989]. In 1980, the Grand Hyatt and Park Hyatt brands were introduced. Hyatt has become known for its resorts after the opening of Hyatt Regency Maui[3] in 1980. Today Hyatt has over 340 hotels worldwide[4].
In December 2004, Global Hyatt announced it would acquire AmeriSuites, an upscale chain of all suite business class hotels from affiliates of the Blackstone Group, a New York based private equity investment firm. Blackstone had inherited AmeriSuites from its 2004 acquisition of Prime Hospitality. The AmeriSuites chain is being rebranded and converted to a new concept called Hyatt Place. With Hyatt Place, Global Hyatt will better compete with the limited service products Courtyard by Marriott and Hilton Garden Inn offered by industry leaders Marriott International and Hilton Hotels Corp.
In December 2005, Global Hyatt announced a second limited service acquisition, Summerfield Suites. Again the seller was the Blackstone Group. Blackstone had inherited Summerfield Suites from its purchase of Wyndham International. Summerfield Suites will be rebranded as Hyatt Summerfield Suites and positioned to compete in the upscale extended stay market against brands such as Residence Inn, Homewood Suites, and Extended Stay Deluxe.
Hyatt is a part of the Marmon Group which is owned by Chicago's Pritzker Family.
The name Hayatt comes from the Farsi word garden.
Brands
Hyatt Regency Hyatt Regency hotels feature classic, contemporary design, high tech business centers, and meeting and fitness facilities. The Regency brand also has the Regency Club at many locations. The Hyatt Regency brand is the oldest brand in the Hyatt hotel chain; the Grand and Park brands were introduced in 1980.
Grand Hyatt Hyatt Grand hotels are large with spacious guestrooms, convention and banquet facilities, and a number of restaurants They are more luxurious than the Hyatt Regency brand, but a step below the Park Hyatt brand.
Park Hyatt Hyatt's premium, ultra-luxury brand of hotels and resorts, Park Hyatts are intimate, boutique-like hotels in prime city locations across the globe, from Los Angeles and Paris to Seoul and Toronto. All Park Hyatt Hotels are rated four stars/diamonds, offering the finest in personal service, technology, dining, and guest facilities. The Park Hyatt Tokyo[5] was featured in the movie Lost in Translation.
Hyatt Resorts Resorts can be part of the Grand, Park or Regency family depending on destination. The resorts have extensive spa facilities. Hyatt resorts focus their branding on integration with local cultures and escape.
OTHER BRANDS:
Hyatt Place The Hyatt Place is a new upscale hotel concept, placing a strong emphasis on design to attract business travelers. It is a select / limited service offering, and on completion of all renovations to the Amerisuites chain, will have 120 locations across the USA.
Hyatt Summerfield Suites. Summerfield Suites is an extended stay hotel chain addition to the Hyatt group. The suites are fully furnished with full kitchens and separate living areas. There are 20 Hyatt Summerfield Suites hotels across the USA.
Hyatt Residency The Hyatt Residency are fully furnished apartments under the Grand Hyatt or Park Hyatt.
Andaz Hyatt has recently acquired The Great Eastern Hotel in London, and will be launching it as a new brand, to be named Andaz (meaning "personal style") after a comprehensive renovation in September 2007.
Hyatt at Home Expanding the Hyatt Touch to the retail home décor and furnishings market, HyattAtHome.com, an online store featuring high quality Hyatt and partner-branded luxury products, parallels the culturally authentic experience guests expect from Hyatt.
Century Hyatt In addition to the Park, Grand and Hyatt Regency brands, there is a single hotel under the Century Hyatt "brand", the Century Hyatt Tokyo, in Shinjuku, near the Park Hyatt Tokyo. It is roughly the equivalent of Hyatt Regency brand in terms of standards, but also has many business facilities.
Notable properties
United Arab Emirates
The Grand Hyatt in Dubai, United Arab Emirates[6] is actually owned by the ruling Sheikh of Dubai although it carries the Hyatt name and logo. It consists of the Grand Hyatt which is a hotel, and the Hyatt Residency which are residential apartments.
Shanghai
The Grand Hyatt Shanghai[7] is located in the Jin Mao tower (floors 53 to 87). It has a ballroom for 1200 people, and meeting rooms which seat 400 comfortably. It claims the title of Highest Hotel In The World and welcomes guests in a 33 floor atrium.
Hollywood
The Continental Hyatt Hotel was in the movie Almost Famous starring Kate Hudson (2000), and its pool has featured in several films including This is Spinal Tap (1984), and the Park Hyatt Hotel in Century City was the scene of the famous "6th floor into swimming pool" scene in the 1989 movie Lethal Weapon 2 starring Mel Gibson and Danny Glover.
San Francisco
The Hyatt Regency San Francisco provides a rooftop revolving restaurant called Equinox, offering 360-degree views of the city and the bay. This hotel was sold[8] for close to $200 million to Dune Capital Management and DiNapoli Capital Partners in January 2007 – roughly $250,000 for each of the hotels 802 rooms. The property has been used several times as a filming location, featured most prominently in the Mel Brooks comedy High Anxiety.
Hyatt Employees
Hyatt continues to receive recognition as one of America's best companies for their diverse workforce and recruiting practices.
• DiversityInc named Hyatt as one of the "25 Noteworthy Companies". The 2006 recognition listed our best diversity strength as our human-capital management.
• The "2006 Best Places to Work" Human Rights Campaign (HRC) list which lists the top companies that support equality for gay, lesbian, bisexual and transgender (GLBT) employees. This list is based on HRC's annual report, the Corporate Equality Index, which rates corporate America's treatment of GLBT employees. Hyatt received a perfect score in demonstrating our commitment to equality.
• The 2006 PlanetOut Travel Award for "Best Hotel Collection". The President's Roundtable and Black CEO Summit nominated Hyatt as a finalist in the category of Hotels/Marketing to receive the "2006 Diversity Trailblazer Award"
World Events and Hyatt
Australia - The 2006 G20 Meeting of Finance Ministers and Central Bank Governors was held at the Grand Hyatt in Melbourne between 18 November and 19 November 2006.
Jordan - On November 9, 2005, the Grand Hyatt Hotel in Amman, Jordan was targeted by a series of coordinated terrorist attacks along with a Radisson SAS and a Days Inn hotel.
Philippines - The Grand Hyatt Terraces in the northern city of Baguio collapsed after a July 16, 1990 earthquake.
United States - During Hurricane Katrina, the Hyatt Regency Hotel in New Orleans, United States received significant damage as almost all of its windows were blown out and the bottom floor was torn apart by flood damage. Repair work is underway and the hotel will reopen for business in Fall 2007.
Unites States - The Hyatt Regency Crown Center in Kansas City, Missouri was the site of one of the worst hotel disasters in US history. On July 17, 1981 two of the hotel's three sky walkways that transversed the lobby collapsed during a tea dance. The walkways were packed with people when a structural failure occurred. 114 people were killed and over 200 were injured.
References
External links
- Hyatt Hotels Official Site
- Hyatt Place - Business Travel Hotel
- Summerfield Suites - Extended Stay Hotel Suites
- Hyatt Vacation Club - Time share Vacation Ownership