July 27, 2017 12:21 PM ET

Hotels, Restaurants and Leisure

Company Overview of Hyatt Hotels Corporation

Company Overview

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to full and select service hotels, resorts, and residential and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising. The company operates its properties under the Hyatt, Park Hyatt, Miraval, Grand Hyatt, Hyatt Regency, Andaz, Hyatt Centric, The Unbound Collection by Hyatt, Hyatt Place, Hyatt House, Hyatt Ziva, Hyatt Zilara, Hyatt Residence Club, Hyatt Residences, Hyatt Gold Passport, and Hyatt Resorts brands and trademarks. As of Mar...

71 South Wacker Drive

12th Floor

Chicago, IL 60606

United States

Founded in 1957

45,000 Employees

Phone:

312-750-1234

Key Executives for Hyatt Hotels Corporation

President, CEO & Director
Age: 54
Total Annual Compensation: $1.1M
Executive Chairman
Age: 67
Total Annual Compensation: $535.4K
Chief Financial Officer and Executive Vice President
Age: 55
Total Annual Compensation: $613.5K
Global President of Operations and Executive Vice President
Age: 57
Total Annual Compensation: $746.7K
Global Head of Capital Strategy, Franchising & Select Service and Executive Vice President
Age: 49
Total Annual Compensation: $687.5K
Compensation as of Fiscal Year 2016.

Hyatt Hotels Corporation Key Developments

Hyatt Hotels Corporation Opens Hyatt Centric Guatemala City in Central America

Hyatt Hotels Corporation announced the opening of Hyatt Centric Guatemala City, the brand’s first hotel in Central America. The 138-room hotel is located along 2nd Avenue in the heart of Guatemala City’s Zona 10, known locally as “Zona Viva,” which is considered one of the city’s most upscale commercial areas and provides a perfect launch pad for guests to explore and discover the diverse offering of shopping, dining and entertainment options. As the first Hyatt Centric hotel in Central America, the hotel is designed to make guests feel welcome and connected to the heart of Guatemala City and all it has to offer. From Hyatt Centric Guatemala City, guests can meander through the National Museum of Archeology, shop for handmade textiles at the Plaza Mayor, and experience the Historic Center and National Palace. Additionally, La Aurora International Airport, Guatemala’s passenger and cargo hub, is only 10 minutes away from the hotel.

Hyatt Hotels Corporation Announces Amendments to Certificate of Incorporation

On July 18, 2017 Hyatt Hotels Corporation filed a Certificate of Retirement with the Secretary of State of the State of Delaware to retire 4,233,000 shares of Class B Common Stock, par value $0.01 per share, of the company 4,000,000 shares of Class B Common Stock were converted into shares of Class A Common Stock, par value $0.01 per share, of the Company (the Class A Common Stock) in connection with an underwritten offering of the Company's securities pursuant to the Company's Registration Statement on Form S-3 (File No. 333-218162), filed on May 22, 2017, as supplemented by the prospectus supplement dated May 22, 2017. An additional 233,000 shares of Class B Common Stock were converted into shares of Class A Common Stock in connection with the sale of an aggregate of 233,000 shares of Class B Common Stock by certain selling stockholders into the public market pursuant to Rule 144 under the Securities Act of 1933, as amended. The Company's Amended and Restated Certificate of Incorporation requires that any shares of Class B Common Stock that are converted into shares of Class A Common Stock be retired and may not be reissued. Effective upon filing, the Certificate of Retirement amended the Amended and Restated Certificate of Incorporation of the Company to reduce the total number of authorized shares of capital stock of the Company by 4,233,000 shares.

Hyatt Hotels Corporation Announces Executive Changes

Hyatt Hotels Corporation appointed M. Bauer as Senior Vice President, Corporate Controller and Principal Accounting Officer of Hyatt Hotels Corporation, effective as of August 4, 2017. In this capacity, Ms. Bauer will also serve as the company's principal accounting officer, effective as of August 4, 2017. Bradley O'Bryan, the company's previous Senior Vice President, Corporate Controller and Principal Accounting Officer, has been appointed to serve as the Treasurer and Senior Vice President, Investor Relations and Corporate Finance of the company, effective as of August 4, 2017, and will no longer serve as the company's principal accounting officer as of such date. Ms. Bauer, age 38, has served as Vice President, Americas Corporate Finance of the Company since April 2017. Prior to that position, Ms. Bauer served as Vice President, SEC and Financial Reporting of the company from September 2014 to April 2017 and as Director of Global Policies and Procedures of the company from November 2011 to September 2014.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 30, 2017
The Hyatt Regency Grand Cypress Hotel
Buyback
May 4, 2017
--
Merger/Acquisition
February 16, 2017
Andaz Maui at Wailea Resort
 

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