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August 28, 2015 2:08 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 vacation properties worldwide. It operates its properties under the Hyatt, Park Hyatt, Andaz, Grand Hyatt, Hyatt Regency, Hyatt Place, Hyatt House, Hyatt Ziva, Hyatt Zilara, Hyatt Residence Club, Hyatt Gold Passport, and Hyatt Resorts brands. As of March 31, 2015, the company’s portfolio consisted of 599 properties in 50 countries. It primarily serves corporations; national, state, and regional associations; specialty market accounts, including social, government, military, educational, religious, and fr...

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

Chief Executive Officer, President and Director
Age: 52
Total Annual Compensation: $1.0M
Executive Chairman and Chairman of Finance Committee
Age: 65
Total Annual Compensation: $510.4K
Executive Vice President and Global President of Operations
Age: 55
Total Annual Compensation: $709.6K
Global Head of Capital Strategy, Franchising & Select Service and Executive Vice President
Age: 47
Total Annual Compensation: $607.5K
Compensation as of Fiscal Year 2014.

Hyatt Hotels Corporation Key Developments

Hyatt Hotels Corporation Reports Earnings Results for the Six Months Ended June 30, 2015

Hyatt Hotels Corporation reported earnings results for the six months ended June 30, 2015. For the six months, the company reported net income attributable to the company of $62 million, or $0.42 per diluted share, compared to $130 million, or $0.83 per diluted share a year ago. Total revenues were $2.17 billion, compared to $2.23 billion a year ago.

Hilton Worldwide and Hyatt Hotels Corporation to Open Hotel At The Wharf

Hilton Worldwide and Hyatt Hotels Corporation will open a 413-key dual-branded hotel at The Wharf. Canopy by Hilton, a 120,000-square-foot lifestyle brand hotel, will have 175 keys, and Hyatt House, a 145,000-square-foot extended-stay hotel, will have 238 keys. The combined hotels will include cafe/bar and other dining options; a 1,100-square-foot fitness center; 2,500 square feet of meeting room space; a courtyard with outdoor terraces and water features; an outdoor pool; and a rooftop bar with Washington Channel views. The penthouse will include an additional 10,000 square feet lounge area with sweeping views of the Potomac. The total built area for both hotels, including ground-floor retail and shared space, is approximately 300,000 square feet. The hotel site includes more than 30,000 square feet of street-level retail and restaurant space and two levels of below grade parking. It will be located between Maine Avenue and Wharf Street, adjacent to 7thStreet Park. The hotels will open in Fall 2017. Both hotels will be managed and operated by Concord Hospitality Enterprises Company. The hotels are being designed by SmithGroup JJR.

Hyatt Announces Opening of Hyatt Place Dubai/Baniyas Square

Hyatt Hotels Corporation has announced the opening of Hyatt Place Dubai/Baniyas Square in Dubai, United Arab Emirates, or UAE. Hyatt Place Dubai/Baniyas Square is located in Nasser Square, Dubai's historic district, and just 12 minutes from Dubai International Airport. The new hotel is adjacent to the Dubai Metro and bus stops, and offers close proximity to Dubai's many tourist attractions, including the Dubai Museum and Dubai Creek, as well as many of Dubai's open-air markets. Guests can enjoy the hotel's free shuttle service to Dubai's leading shopping malls and the beautiful Mamzar Beach Park.

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Merger/Acquisition
January 26, 2015
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