Hyatt
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- This article is about the hotel chain. For the Excel Saga character, see Hyatt (Excel Saga).
| Hyatt Hotels | |
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| Type of co. | Hotels |
|---|---|
| Founded | 1957 |
| Headquarters | |
| Area served | International |
| Industry | Hospitality |
| Products | Hotels |
| Website | Hyatt Hotels |
Hyatt is a family of hotel brands owned by Global Hyatt Corporation.
Contents |
[edit] History
The Hyatt Corporation was born upon purchase of the Hyatt House, at Los Angeles International Airport on September 27, 1957. The original owner was an entrepreneur named Hyatt R. von Dehn, who sold the hotel to Jay Pritzker. The Hyatt became famous after the chain opened the world's first atrium hotel in 1967, the Hyatt Regency Atlanta, a decade after opening its first hotel.
In 1969, Hyatt opened its first hotel overseas, the Hyatt Regency Hong Kong. In 1980, the Grand Hyatt and Park Hyatt brands were introduced. Hyatt has become known for its resorts after the opening of Hyatt Regency Maui in 1980.
In December 2004, Global Hyatt announced it would acquire AmeriSuites, an upscale chain of all suite business class hotels from affiliates of the Blackstone Group, a New York based private equity investment firm. Blackstone had inherited AmeriSuites from its 2004 acquisition of Prime Hospitality. The AmeriSuites chain will be rebranded and converted to a new concept called Hyatt Place. With Hyatt Place, Global Hyatt will better compete with the limited service products Courtyard by Marriott and Hilton Garden Inn offered by industry leaders Marriott International and Hilton Hotels Corp.
In December 2005, Global Hyatt announced a second limited service acquisition, Summerfield Suites. Again the seller was the Blackstone Group. Blackstone had inherited Summerfield Suites from its purchase of Wyndham International. Summerfield Suites will be rebranded as Hyatt Summerfield Suites and positioned to compete in the upscale extended stay market against brands such as Residence Inn, Homewood Suites, and Extended Stay Deluxe.
Hyatt is a part of the Marmon Group which is owned by Chicago's Pritzker Family.
[edit] Brands
The Hyatt brands are:
- Hyatt Regency
- A hotel & resort brand, most of them rated four or five stars/diamonds. The Hyatt Regency Crown Tower in Kansas City was the site of the disastrous Hyatt Regency walkway collapse in 1981. The Hyatt Regency brand is the oldest brand in the Hyatt hotel chain; the Grand and Park brands were introduced in 1980.
- Grand Hyatt
- Grand Hyatt Hotels are targeted to business travelers and corporate events, with large conference facilities and amenities intended to cater to demanding travelers. These hotels are also more luxurious than the Hyatt Regency brand, but a step below the Park Hyatt brand.
- Park Hyatt
- Hyatt's premium, ultra-luxury brand of hotels and resorts, Park Hyatts are residential-style hotels in prime locations in landmark cities across the globe, from Los Angeles and Paris to Seoul and Toronto. All Park Hyatt Hotels are rated five stars/diamonds, offerring the finest in personal service, technology, dining, and guest facilities. The Park Hyatt Tokyo was featured in the movie Lost in Translation.
Other Brands:
- Century Hyatt
- In addition to the Park, Grand and Hyatt Regency brands, there is a single hotel under the Century Hyatt "brand", the Century Hyatt Tokyo, in Shinjuku, near the Park Hyatt Tokyo. It is roughly the equivalent of Hyatt Regency brand in terms of standards, but also has many business facilities.
- Hyatt Place
- After the acquisition of the AmeriSuites hotel chain, Hyatt has begun renovating the AmeriSuites hotels in 2005 with completion due in early 2007. The Hyatt Place is a new upscale hotel concept, placing a strong emphasis on interior & exterior design to attract discerning travellers.
- TBA
- Hyatt has recently aquired The Great Eastern Hotel in London, and will be launching it as a new brand (name still to be determined) in early 2007.
[edit] Notable properties
There are 215 Hyatt branded hotels and resorts in 44 countries around the world, adding up to a total of over 90,000 rooms. 38 Hyatt hotels and resorts are currently under development. Only Hyatt Korea near the Incheon Airport is to be the only Hyatt branch that is a member of Skyteam Airline Alliance. Notable properties include:
- Jordan
- On November 9, 2005, the Grand Hyatt Hotel in Amman, Jordan was targeted by a series of coordinated terrorist attacks along with a Radisson SAS and a Days Inn hotel.
- Philippines
- A Hyatt hotel in the northern city of Baguio collapsed after a July 16, 1990 earthquake.
- United Arab Emirates
- The Grand Hyatt in Dubai is actually owned by the ruling Sheikh of Dubai although it carries the Hyatt name and logo and consists of the Grand Hyatt which is a hotel and the Hyatt Residency which are residential apartments which has a shopping complex and an ice rink.
- United States
- During Hurricane Katrina, the Hyatt Regency Hotel in New Orleans, United States received significant damage as almost all of its windows were blown out and the bottom floor was torn apart by flood damage. Repair work is underway and the hotel will reopen for business on January 1, 2007.
- Unites States
- The Hyatt Regency Crown Center in Kansas City, Missouri was the site of one of the worst hotel disasters in US history. On July 17th, 1981 three sky walkways that transversed the lobby collapsed during a tea dance. The walkways were packed with people when a structural failure occurred. 114 people were killed and over 200 were injured.
