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July 30, 2015 1:32 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 Announces Management Agreement with Essendon Fields

Hyatt Hotels Corporation has announced that its affiliate has announced a management agreement with Essendon Fields Pty Ltd., or EFPL, for a Hyatt Place hotel in Melbourne, Australia. Upon its expected 2017 opening, Hyatt Place Melbourne will be the country's first Hyatt Place hotel. Hyatt Place Melbourne will be located in the Essendon Fields development, which is quickly becoming the epicenter of business in Melbourne's northwest region, and guests of the hotel will enjoy convenient access to Tullamarine International Airport.

Hyatt Announces Plans for a Hyatt Place Hotel in Melbourne

An affiliate of Hyatt Hotels Corporation announced a management agreement with Essendon Fields Pty Ltd. (EFPL) for a Hyatt Place hotel in Melbourne, Australia. Upon its expected 2017 opening, Hyatt Place Melbourne will be the country’s first Hyatt Place hotel. Hyatt Place Melbourne will be located in the Essendon Fields development, which is quickly becoming the epicenter of business in Melbourne’s northwest region, and guests of the hotel will enjoy convenient access to Tullamarine International Airport. Just six miles form Melbourne’s Central Business District, the hotel will be situated on one of Melbourne’s most important roads, the Tullamarine Freeway, which is used by more than 100,000 cars every day. The eight-story, upscale select service hotel will offer the brand’s signature spacious rooms, which will each feature a Cozy Corner, a 42” flat screen TV, and a comfortable bed. Additionally, guests will enjoy the brand’s signature free hot breakfast, food freshly prepared around the clock, a full bar, and high-end technology, including complimentary Wi-Fi and adaptable spaces for business and social events. The hotel will be adjacent to a stand-alone conference facility that will accommodate up to 420 people, a more than 5,300-square-foot (500-square-meter) exhibition hall and an 80-seat restaurant and bar, which will be operated by one of Melbourne’s leading independent conference center operators. The Hyatt Place hotel will be part of the Melbourne’s economic expansion – with transportation infrastructure, housing, employment, and migration growing, the city is undergoing a transformation. Hyatt Place Melbourne Essendon Fields will join five Hyatt-branded hotels in Australia, including Park Hyatt Melbourne, Grand Hyatt Melbourne, Hyatt Hotel Canberra – A Park Hyatt hotel, Park Hyatt Sydney, and Hyatt Regency Perth.

Hyatt Hotels Corporation Announces Opening of Hyatt Regency Wuhan Optics Valley

Hyatt Hotels Corporation announced the opening of Hyatt Regency Wuhan Optics Valley, which has completed its rebranding. The opening marks the first Hyatt-branded hotel in Hubei Province of central China. The newly rebranded Hyatt Regency Wuhan Optics Valley is a 45-minute drive from Wuhan Tianhe International Airport and within an hour’s drive of three separate rail hubs: the Wuhan High Speed Train Station and the Wuchang and Hankou Railway Stations. Located in the commercial district of Wuchang and within easy reach of East Lake, Ma’anshan National Forest Park, Huazhong University of Science and Technology and Wuhan Optics Valley, the hotel provides an energizing setting for both business and leisure travelers. Hyatt Regency Wuhan Optics Valley houses 330 guestrooms including 23 suites, each designed to morph effortlessly between office and oasis. The entry-level Deluxe Rooms feature clean-lined, soothing interiors—aided by sliding doors, hidden drawers and unobtrusive storage—punctuated with subtle Chinese references, such as a modern version of a traditional horseshoe armchair. Rooms are equipped with a flat-screen LCD television, a DVD player, a stereo soundbar and complimentary Wi-Fi. Hyatt Regency Wuhan Optics Valley aims to create share-worthy drinking and dining experiences, offering delicious, authentic cuisine crafted from the freshest and finest of local ingredients. Market Café on the ground floor is the hotel’s casual all-day restaurant, offering buffet-style breakfast, lunch and dinner. International cuisine is crafted à la minute at vibrant, live cooking stations, then enjoyed in the main space or al fresco on the outdoor terrace. A Chinese restaurant specializes in contemporary Cantonese and Hubei cuisine with a twist at both lunch and dinner. For more intimate events, there are 10 private dining rooms, including one that seats up to 22 guests. DAMIAMO, the hotel’s Italian specialty restaurant, is named after Via San Damiano—Milan’s famous street lined with luxury fashion stores. Equipped with an open kitchen and a wood-fired oven, DAMIANO serves authentic, contemporary Italian cuisine at dinner, accompanied by premium wines from Italy. The Lobby Lounge boasts a 108-foot-(33-meter) long, wood-topped bar, which is the longest bar in Wuhan. Open all day, the lounge is the perfect rendezvous point, offering champagne and premium wines by the glass and inventive cocktails as well as light regional snacks and refreshments. Hyatt Regency Wuhan Optics Valley features almost 16,000 square feet (1,480 square meters) of meeting and event spaces. The majority of spaces feature natural daylight, and all are equipped with the very latest technology. Spanning 7,965 square feet (740 square meters) and featuring a 25-foot- (7.7-meter) ceiling, the Regency Ballroom on the third floor is an impressive venue for high-profile events and grand weddings. Seven additional event spaces, ranging from 484-2,960 square feet (45–275 square meters), are perfect for business meetings and intimate celebrations. A team of experienced, dedicated chefs and catering specialists are on hand to ensure every event—whether an intimate dinner, formal gala ball, private business meeting or large convention—is planned to precision, expertly orchestrated and flawlessly executed.

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