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Operates hotels and vacation clubs.
Headquarters: 71 South Wacker Dr., 12th floor
Chicago, IL 60606
CEO: Mark Hoplamazian
Stock Symbol: H
Hyatt Hotels Corporation, is a leading global hospitality company with a proud heritage of making guests feel more than welcome.The Company's subsidiaries manage, franchise, own and develop hotels and resorts under the Hyatt, Park Hyatt, Andaz, Grand Hyatt, Hyatt Regency, Hyatt Zilara, Hyatt Ziva, Hyatt Place and Hyatt House.
Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt Residences and Hyatt Residence Club.
As of March 31, 2014, the Company's worldwide portfolio consisted of 554 properties in 457 countries.
Total revenues for the company in 2013 were $4.18 billion, up from $3.94 billion, and net income of $207 million.
During the 2013 fiscal year, Hyatt opened 51 hotels, representing 13,111 rooms. Three hotels, representing 1,340 rooms, were removed from the portfolio during 2013.
The company expects to open 40 hotels in 2014.
Hyatt was named No. 95 on Fortune Magazine's 2014 list of Best Companies to Work for in America.
Hyatt was founded by Jay Pritzker in 1957 when he purchased the Hyatt House motel adjacent to the Los Angeles International Airport. Over the following decade, Jay Pritzker and his brother Donald Pritzker, working together with other Pritzker family business interests, grew the company into a North American management and hotel ownership company, which became a public company in 1962. In 1968, Hyatt International was formed by Pritzker family business interests and subsequently became a separate public company. Hyatt Corporation and Hyatt International Corporation were taken private by the Pritzker family business interests in 1979 and 1982, respectively.
Prior to June 30, 2004, Hyatt Corporation, which primarily consisted of the North American hotel management and franchise companies, was owned by HG, Inc. (HG). H Group Holding, Inc. (H Group), which is owned by Pritzker family business interests, owns HG. In addition to owning Hyatt Corporation, HG owned various other North American hospitality related businesses (primarily consisting of hotel properties and the vacation ownership business) and on June 30, 2004 contributed these hospitality related businesses to Hyatt Corporation. Following such contribution, the stock of Hyatt Corporation was distributed to the Pritzker family business interests that owned H Group. We refer to this transaction as the “June 2004 Transaction.”
Following the June 2004 Transaction, substantially all of the hospitality assets owned by Pritzker family business interests, including Hyatt Corporation and Hyatt International Corporation, were consolidated under the name Global Hyatt Corporation.
On June 30, 2009, Global Hyatt Corporation changed its name to Hyatt Hotels Corporation.
Hyatt went public on the NY Stock Exchange on November 5, 2009.
The Hyatt Summerfield Suites changed its brand name to Hyatt House in 2012.
Hyatt Hotels and Resorts offer comprehensive and competitive benefits for all of its associates. The following list is a highlight of some of the benefits Hyatt offers, however, based on the plans you choose, your benefits will vary.
Medical and Dental Insurance
The Hyatt Dental Plan encourages associates and their eligible dependents or domestic partner to keep their teeth healthy by sharing in the payment of dental expenses. Associates have the option of visiting an in-network or out-of-network dentist; benefits under each plan vary. Certain preventative, basic restorative and major restorative services are covered. Orthodontia care is also provided for eligible dependents as an in-network benefit.
The Hyatt Medical Plan is designed to provide Hyatt associates with the opportunity to obtain comprehensive and quality health care services at a reasonable cost utilizing a large network of doctors, hospitals and specialists. In addition to our health plan, Hyatt associates and their eligible dependents or domestic partner can save money on prescription drugs through the Hyatt Prescription Drug Program.
The Hyatt Vision Plan is designed to provide associates and their eligible dependents or domestic partner with the opportunity to obtain quality vision care. Each year, Hyatt associates have the option of receiving an eye examination and a pair of lenses/frames or contacts at a minimal expense (subject to co-payments and plan maximums) at the in-network level. Frequency of visits is limited to one visit every twelve months.
Retirement Savings Plan
At Hyatt, each employee has the opportunity to build for their future through the Retirement Savings Plan. As an associate of the company, Hyatt matches your 401k contributions up to 4%.
Basic, Supplemental and Dependent Term Life Insurance
The Hyatt Life Insurance Program is intended to provide your beneficiary with additional financial support should you die while actively employed by the company. Dependent life insurance is also available for your eligible dependents or domestic partner. Benefit levels and options vary based on your occupation with Hyatt.
Paid Time Off-Vacation, Sick and Holidays
As a Hyatt associate, paid time off is earned to allow associates time away from work for vacation and holidays or to use at time of illness. The length of service determines the amount earned by a Hyatt associate with the company.
Complimentary Hotel Room Nights!
After completing 1 year of service, Hyatt associates are eligible for 12 complimentary room nights per year! This benefit is available to all full time associates and part time associates on a pro-rated basis.
In addition, discounted room rates are available to associates' immediate family members!
Updated May 21, 2014