Profile: Hyatt Hotels Corp (H.N)
Hyatt Hotels Corporation (Hyatt), incorporated on August 4, 2004, is a global hospitality company. The Company manages, franchises, owns and develops Hyatt-branded hotels, resorts and residential and vacation ownership properties globally. As of December 31, 2011, the Company’s portfolio consisted of 483 properties (132,727 rooms and units). During the year ended December 31, 2011, the Company acquired three Woodfin Suites properties and 20 hotels. During 2011, the Company sold six Hyatt Place and two Hyatt Summerfield Suites properties. In August 2012, the Company announced the opening of Grand Hyatt Kuala Lumpur, the first Grand Hyatt hotel in Malaysia. In October 2012, Summit Hotel Properties Inc acquired eight hotels containing an aggregate of 1,043 guestrooms (the Hyatt Portfolio) from certain affiliates of Hyatt, which include Hyatt Place-Arlington, Hyatt Place-Park Meadows, Hyatt Place-Denver Tech Center, Hyatt House-Denver Tech Center, Hyatt Place-Owings Mills, Hyatt Place-Lombard, Hyatt Place-Phoenix and Hyatt Place-Scottsdale. Effective March 8, 2013, it acquired Driskill Hotel from Lowe Enterprises Inc. In May 2013, Chesapeake Lodging Trust acquired the Hyatt Fisherman's Wharf from the Company. In September 2013, Inland American Lodging Group, Inc., a wholly owned subsidiary of Inland American Real Estate Trust, Inc. and Hyatt Hotels Corporation announced the respective purchase and sale of the 14-story, 501-room Hyatt Regency Santa Clara in Santa Clara, Calif.
The Company’s full service hotels and resorts operate under five brands, Park Hyatt, Andaz, Hyatt, Grand Hyatt and Hyatt Regency. Its two select service brands are Hyatt Place and Hyatt House. The Company develops, sells or manages vacation ownership properties in select locations as part of the Hyatt Residence Club. The Company also manages, provides services to or licenses its trademarks with respect to residential ownership units. It consults with third parties in the design and development of such mixed-use projects. The Company derives its revenues from hotel operations, management and franchise fees, other revenues from managed properties and sales of vacation ownership properties.
Park Hyatt provides individual business and leisure guests with accommodations. Guests of Park Hyatt receive personal service in an intimate environment. Park Hyatt features guestrooms, meeting and special event spaces for smaller groups, art programs and signature restaurants.
Each Andaz hotel is designed to reflect the cultural scene. Each hotel allows guests to check-in to the hotel through techniques, which include the use by its associates of a hand-held device for check-in. In addition, a laptop is available in the lobby area, known as the Andaz Lounge, which allows guests to check themselves into the hotel. During the check-in process and throughout a guest’s stay, complimentary beverages remain available in the Lounge.
Hyatt hotels are properties located in proximity to business and leisure areas. Its hotels include 150 to 350 rooms. Its Customers include individual business and leisure travelers, and Hyatt hotels can accommodate smaller scale business meetings and social gatherings.
Grand Hyatt features hotels in gateway cities and resort destinations. With presence globally and Grand Hyatt hotels provide global business and leisure travelers with upscale accommodations. Grand Hyatt also include dramatic architecture, dining options, technology, spa and fitness centers, and business and meeting facilities appropriate for corporate meetings and social gatherings of all sizes.
Hyatt Regency offers a range of services and facilities to serve the needs of meeting planners, business travelers and leisure guests. Properties range in size from 180 to over 2,000 rooms and are located in urban, suburban, airport, convention and resort destinations globally. Hyatt Regency convention hotels feature meeting and conference facilities. Hyatt Regency hotels in resort locations cater to couples seeking a getaway, families enjoying vacation together and corporate groups seeking an atmosphere, in which to conduct business and meetings.
Hyatt Place is designed for business traveler and features a range of services. Properties typically comprise 125 to 200 rooms and are located in urban, airport and suburban areas. Signature features of Hyatt Place include The Gallery, which offers a coffee and wine bar, around-the-clock guest kitchen with snacks and entrees, and daily complimentary continental breakfast. Hyatt Place guests are business travellers, as well as families. Hyatt Place properties are also well suited to serve small corporate meetings.
Hyatt House is a residential-style hotel. The all-suite properties, with 125 to 200 rooms, offer separate living and sleeping areas, fully equipped kitchens, flat panel high definition televisions (HDTVs) and Internet access. The public space features inviting places, such as an indoor or outdoor pool, backyard fire pit and outdoor social area, fitness center, business center, around-the-clock market and outdoor seating. Breakfast every morning and an evening social on weekday evenings are complimentary to guests. Hyatt House locations are urban, airport and suburban markets and the hotels can accommodate small corporate meetings and corporate clients seeking to place their employees on extended assignment.
Hyatt Residence Club
Hyatt Residence Club provides members with vacation ownership opportunities. Hyatt Residence Club members can choose to occupy their vacation home, to exchange time among 15 Hyatt Residence Club locations, to trade their time for Hyatt Gold Passport points or to travel within the Hyatt system. Members can exchange their time for time at properties participating within Interval International’s program, a third-party company with over 2,600 resorts in its exchange network globally.
Residential Ownership Units
Residential ownership units consist of serviced apartments and Hyatt-branded residential units in, adjacent to, or certain of its Hyatt-branded full service hotels. Units feature a kitchenette and sitting area, and residents are provided with or can request various Hyatt hotel services.
Hyatt Hotels Corp
12th Floor, 71 South Wacker Driv
CHICAGO IL 60606