Hyatt
From Wikipedia, the free encyclopedia
| Hyatt Hotels | |
|---|---|
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| Type | Hotels |
| Founded | 1957 |
| Headquarters | Chicago, Illinois |
| Area served | International |
| Industry | Hospitality |
| Products | Hotels |
| Parent | Global Hyatt Corporation |
| Website | Hyatt Hotels |
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Hyatt is an international brand of hotels within the Global Hyatt Corporation that operates numerous properties.
Mark S. Hoplamazian is the current President and CEO of Global Hyatt Corporation. He took over the position on 28 November 2006.
Hyatt Center (completed in 2005 & located in downtown Chicago at 71 South Wacker Drive), is the headquarters for Hyatt corporation. Prior to this, the corporate headquarters was around the corner at 200 West Madison Street.
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[edit] History
The Hyatt Corporation was born upon purchase of the Hyatt House, at Los Angeles International Airport on September 27, 1957. The original owners were entrepreneurs, Hyatt R. von Dehn and Jack D. Crouch. Hyatt R. von Dehn was eager to get out of the hotel business after a few years, so he sold his share in the hotel to Jay Pritzker. Mr Pritzker heard the hotel was for sale while sitting in its coffee shop called ‘Fat Eddie’s’ waiting for a flight. He scribbled a bid for $2.2 million dollars on a napkin, and the Hyatt Corporation was born.[citation needed] (That’s the equivalent of $15,770,581 in 2006). Jay Pritzker and Jack D. Crouch remained partners until 1965, opening airport hotels in several cities including San Francisco, Seattle, and San Jose. Crouch stepped away from Hyatt to pursue other hotel ventures, while Jay and his younger brother, Don continued to run Hyatt.
The Hyatt became famous after the chain opened the world's first atrium hotel in 1967, the Hyatt Regency Atlanta[1], a decade after opening its first hotel.
In 1969, Hyatt opened its first hotel overseas, the Hyatt Regency Hong Kong (which closed at the end of 2005 and was demolished, the new one will open in 2009[1]). 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[2] in 1980. Today Hyatt has over 340 hotels worldwide[3].
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 is being 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 Staybridge Suites.
[edit] Brands
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Hyatt Regency The Hyatt Regency brand is the oldest brand in the Hyatt hotel chain; the Grand and Park brands were introduced in 1980. Hotel with the Regency brand typically has the Regency Club on property, which is a concierge lounge that offers complimentary continental breakfast and evening hors d'oeuvres. There are Hyatt hotels that do not have the Regency designation, which indicates that they do not have a Regency Club.
Grand Hyatt Grand Hyatt hotels have higher standards and are generally larger than typical Regency hotels. They are located in major metropolitan cities. Some Grand Hyatt hotels, such as the Grand Hyatt San Francisco, have Regency Clubs as well. Outside of the United States, the concierge lounge are branded as Grand Clubs.
Park Hyatt This is Hyatt's premium brand of Hotel. The focus of Park Hyatts is on personalized service with a boutique hotel ambiance. The Park Hyatt Tokyo is intended to be the flagship for the brand, and the Park Hyatt Chicago is the flagship Park property in the United States.
Hyatt Resorts Resorts can be part of the Grand, Park or Regency family depending on destination. The resorts often have spa, and other recreation facilities.
Hyatt Place The Hyatt Place is a new upscale hotel concept, placing a strong emphasis on design and functions to attract business travelers. It is a select / limited service offering, and on completion of all renovations to the Amerisuites chain.
Hyatt Summerfield Suites. Summerfield Suites is an extended stay hotel chain addition to the Hyatt group. The suites are fully furnished with full kitchens and separate living areas. There are 20 Hyatt Summerfield Suites hotels across the USA.
Andaz Hyatt launched this new brand in April 2007. The word means "personal style" in Hindi, and the new brand "will offer a highly functional environment characterized by sophistication, innovative design, local identity, casual elegance and service that is attentive but not pretentious and without 'attitude'".[2] The first hotel to bear this brand will be the The Great Eastern Hotel in London, and there will be additional Andaz properties in New York and Austin, TX. [3]
Non-Hyatt Branded Hotels
Aryaduta Hotel Jakarta - managed by Hyatt International
Highlands Inn - in Carmel, CA
Hotel Victor - in Miami Beach, FL
NON-HOTEL BRANDS
Hyatt Residency The Hyatt Residency are fully furnished apartments under the Grand Hyatt or Park Hyatt.
Hyatt at Home Expanding the Hyatt Touch to the retail home décor and furnishings market, HyattAtHome.com, an online store featuring high quality Hyatt and partner-branded luxury products, parallels the culturally authentic experience guests expect from Hyatt.
[edit] Notable properties
Atlanta
The Hyatt Regency Atlanta was built in 1967 and was the first contemporary atrium hotel in the world. The hotel is also notable for being the first Regency hotel in the Hyatt brand. The hotel was influential in helping Atlanta develop into the international destination that it is today, and to this day remains the only major downtown Atlanta hotel with a front drive on the famed Peachtree Street.
United Arab Emirates
The Grand Hyatt Dubai, United Arab Emirates[4] is actually owned by the ruling Sheikh of Dubai although it carries the Hyatt name and logo. It consists of the Grand Hyatt which is a hotel, and the Hyatt Residency which are residential apartments.
Shanghai
The Grand Hyatt Shanghai[5] is located in the Jin Mao tower (floors 53 to 87). It has a ballroom for 1200 people, and meeting rooms which seat 400 comfortably. It claims the title of Highest Hotel In The World and welcomes guests in a 33 floor atrium.
Hollywood
The Continental Hyatt Hotel was in the movie Almost Famous starring Kate Hudson (2000), and its pool has featured in several films including This is Spinal Tap (1984), and the Park Hyatt Hotel in Century City was the scene of the famous "6th floor into swimming pool" scene in the 1989 movie Lethal Weapon 2 starring Mel Gibson and Danny Glover.
San Francisco
The Hyatt Regency San Francisco provides a rooftop revolving restaurant called Equinox, offering 360-degree views of the city and the bay. This hotel was sold[6] for close to $200 million to Dune Capital Management and DiNapoli Capital Partners in January 2007 – roughly $250,000 for each of the hotels 802 rooms. The property has been used several times as a filming location, featured most prominently in the Mel Brooks comedy High Anxiety.
Tokyo
The Park Hyatt Tokyo was featured prominently in Lost in Translation.
Dallas
The Hyatt Regency Dallas, along with the fifty-story Reunion Tower, were featured prominently at the beginning of the opening credits of the television series Dallas.
[edit] World Events and Hyatt
Australia - The 2006 G20 Meeting of Finance Ministers and Central Bank Governors was held at the Grand Hyatt in Melbourne between 18 November and 19 November 2006.
Israel - On November 17, 2001, Israeli tourism minister Rehavam Ze'evi was assassinated in the Jerusalem Hyatt Regency on Mount Scopus.
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 - The Hyatt Terraces Baguio in the northern city of Baguio collapsed after a July 16, 1990 earthquake.
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 in Fall 2007.
United States - The Hyatt Regency Kansas City in Kansas City, Missouri was the site of one of the worst hotel disasters in US history. On July 17, 1981 two of the three skybridges that transversed the hotel's lobby collapsed during a tea dance. The walkways were packed with people when a structural failure occurred causing one bridge, which was hung from the bridge above it, to pull both bridges loose from the ceiling and collapse. 114 people were killed and over 200 were injured. The hotel was later renamed the Hyatt Regency Crown Center.
United States - During Hurricane Alicia in 1983, the Hyatt Regency in Downtown Houston sustained damage where 74 windows were damaged; Alicia was a Category 3 storm.
[edit] References
[edit] External links
- Hyatt Hotels Official Site
- Hyatt Place - Business Travel Hotel
- Summerfield Suites - Extended Stay Hotel Suites
- Hyatt Vacation Club - Time share Vacation Ownership
- Hyatt Hotels Central Europe
