Hyatt was founded in 1957 when Jay Pritzker purchased the Hyatt House motel, located just minutes from the Los Angeles airport, from Hyatt Robert von Dehn & Jack D. Crouch for $2.2 million.
Realizing that quality hotels near airports would be a lucrative business, the Pritzker’s opened a second Hyatt in 1960 at the San Francisco airport, and the following year, at the Seattle/Tacoma airport in Washington.
In 1962, the company went public on the NYSE under the easy to remember ticker symbol of: H.
In 1968, Hyatt International was formed and hotels were opened in Hong Kong.
In 2004, the company acquired AmeriSuites. Summerfield Suites was acquired the following year.
In 2009, the company went public again as the result of lawsuits within the Pritzker family.
Today, the Hyatt Hotels Corporation owns over 500 properties worldwide. These properties operate under several names, including Park Hyatt, Andaz, Grand Hyatt, Hyatt Regency, Hyatt Place, Hyatt House, Hyatt Resorts and Hyatt Residence Club.
Headquarters for the company remain in Chicago, Illinois.