August 28, 2016 3:06 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. The company operates in four segments: Americas Management and Franchising; Southeast Asia, China, Australia, South Korea and Japan Management and Franchising; Europe, Africa, the Middle East and Southwest Asia Management; and Owned and Leased Hotels. It operates its properties under the Hyatt, Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Hyatt Ziva, Hyatt Zilara, Hyatt Residence Club, Hyatt Residences, Hyatt Gold Passport, and Hyatt Resorts...

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: 53
Total Annual Compensation: $1.1M
Executive Chairman and Chairman of Finance Committee
Age: 66
Total Annual Compensation: $522.9K
Executive Vice President and Global President of Operations
Age: 56
Total Annual Compensation: $727.1K
Global Head of Capital Strategy, Franchising & Select Service and Executive Vice President
Age: 48
Total Annual Compensation: $607.5K
Global Chief Marketing Officer and Executive Vice President
Age: 47
Total Annual Compensation: $584.9K
Compensation as of Fiscal Year 2015.

Hyatt Hotels Corporation Key Developments

Hyatt Hotels Corporation Announces Amendments to Certificate of Incorporation

On August 22, 2016, Hyatt Hotels Corporation filed a Certificate of Retirement with the Secretary of State of the State of Delaware to retire 1,881,636 shares of Class B Common Stock, par value $0.01 per share, of the company (the Class B Common Stock). All 1,881,636 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 the repurchase by the Company of 1,881,636 shares of Class B Common Stock from certain selling stockholders as described below. 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. The Company has also retired all 1,881,636 shares of Class A Common Stock into which the Class B Common Stock converted, and such shares of Class A Common Stock have resumed the status of authorized but unissued shares. 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 1,881,636 shares. The total number of authorized shares of the Company is now 1,451,623,374 shares, consisting of 1,000,000,000 shares designated Class A Common Stock, 439,741,738 shares designated Class B Common Stock, and 10,000,000 shares designated Preferred Stock, $0.01 par value per share.

Hyatt Hotels Corporation Announces the Official Opening of Andaz Ottawa ByWard Market

Hyatt Hotels Corporation announced the official opening of Andaz Ottawa ByWard Market, marking the brand’s official entry into Canada. Andaz Ottawa ByWard Market will further the brand’s mission to create inspiring, indigenous experiences that immerse guests in the local culture of each unique destination. The hotel, which is the thirteenth in the portfolio, joins other Andaz hotels in global gateway cities and top resort destinations. Three other Andaz hotels plan to join the portfolio by the end of 2016, including Andaz Scottsdale Resort & Spa, Andaz Delhi and Andaz Mayakoba Resort Riviera Maya. Set in the heart of ByWard Market, a historical marketplace and present-day urban center of chic boutiques, galleries, restaurants and nightlife, the capital’s newest hotel boasts 200 contemporary guest rooms, six inspired studio meeting spaces, a ground floor restaurant and bar, as well as a stunning rooftop lounge, offering sweeping views of the Ottawa cityscape. Andaz Ottawa ByWard Market boasts multiple dining venues that are richly Canadian in atmosphere and pan-Canadian in flavor. The hotel’s signature restaurant, feast + revel, is built around the incredible view surrounding its exterior, extending throughout the ByWard Market. Inspired by its environment, feast + revel features New Canadian cuisine with an ingredient-driven menu emphasizing local, organic, hormone-free and sustainable products. An all-day coffee bar with grab-and-go bites and high quality, locally sourced Equator coffee is available for both guests and the neighboring community. Copper Spirits & Sights, the hotel’s 16th floor rooftop bar and lounge with incredible city views and open fire pits, offers a craft cocktail and beer program that reflects the seasons, as well as curated small plates made for sharing.

Hyatt Hotels Corporation Announces Plans for Hyatt Centric Hotel in Carlisle Bay, Barbados

Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a management agreement with Vision Developments Inc. for a Hyatt Centric hotel in Carlisle Bay, Barbados. Hyatt Centric Carlisle Bay, Barbados is expected to open in 2019, and will mark the first Hyatt-branded hotel on the island of Barbados. The project will be led by celebrated international firm SB Architects and the hotel's interiors will be designed by DAS Concepts. Hyatt Centric Carlisle Bay, Barbados will be ideally located adjacent to the capital city of Bridgetown, allowing guests to easily explore and discover all that Barbados has to offer. The 237-room resort will be situated on almost three acres of waterfront along Carlisle Bay's scenic Brownes Beach. Carlisle Bay offers numerous shipwreck diving and snorkeling opportunities for guests and locals, as well as renowned reefs and pristine white sand beaches. Guests can also stroll through historic Bridgetown and St. Ann's Garrison, a UNESCO World Heritage Site and local hub for social and commercial activity. Additionally, Hyatt Centric Carlisle Bay, Barbados will feature 32 Hyatt Centric-branded residential condominium units and several world-class dining options such as a signature restaurant, pool bar and grill, and a market style café. Other hotel features will include a full- service spa with six treatment rooms, a fitness center, outdoor pool, kids club, beach activities, and 6,135 square feet (570 square meters) of meeting and event space. Guests will also have easy access to Grantley Adams International Airport, located approximately eight miles from the hotel.

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