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Hyatt Hotels

June 15, 2011

Family businesses are alive and well in the US, with the top 100 generating approximately $1.6 trillion to America’s $14.6 trillion GDP in 2010. Just under half of the top 100 are owned outright by the family, a higher proportion than in Europe, where Campden’s top 100 family business for the region found that less than a third were fully controlled by the family.

Family businesses are alive and well in the US, with the top 100 generating approximately $1.6 trillion to America’s $14.6 trillion GDP in 2010. Just under half of the top 100 are owned outright by the family, a higher proportion than in Europe, where Campden’s top 100 family business for the region found that less than a third were fully controlled by the family.

August 24, 2010

Hyatt Hotels Corporation, controlled by the Pritzker family, has hit the headlines again for its corporate governance practices after it was revealed that Penny Pritzker was no longer considered an independent director of the group.

Hyatt Hotels Corporation, controlled by the Pritzker family, has hit the headlines again for its corporate governance practices after it was revealed that Penny Pritzker was no longer considered an independent director of the group.
 
A report in the Wall Street Journal revealed the move and it comes after the Chicago-based hotel group has come under pressure to tighten its corporate governance.
 

June 8, 2010

John Pritzker, the son of the founder of the Hyatt hotel chain, announced yesterday he has agreed to purchase a majority share in boutique hotel company Joie De Vivre Hospitality Inc.

John Pritzker, the son of the founder of the Hyatt hotel chain, announced yesterday he has agreed to purchase a majority share in boutique hotel company Joie De Vivre Hospitality Inc.

Geolo Capital, the private equity investment arm of John Pritzker and his family, will take a majority share in the US-based hotel company, while Pritzker will become chairman. Neither side disclosed the financial details of the transaction.
 

November 6, 2009

Hyatt Hotels Corporation, the Hotel empire controlled by the Pritzker family, announced last night it has raised $950 million from its initial public offering on the New York Stock Exchange.

Hyatt Hotels Corporation, the Hotel empire controlled by the Pritzker family, announced last night it has raised $950 million from its initial public offering on the New York Stock Exchange.

It is the second-largest IPO this year, topped only by the 7 October listing of a branch of another family business, Banco Santander. In a statement released yesterday the non-family CEO Mark Hoplamazian called the first day of trading a "success".

August 6, 2009

The Chicago-based Pritzker family, owners of the Hyatt Hotel Corporation, yesterday took the first step to taking the 52-year-old company public when it filed a registration statement for an Initial Public Offering with SEC in the US.

The Chicago-based Pritzker family, owners of the Hyatt Hotel Corporation, yesterday took the first step to taking the 52-year-old company public when it filed a registration statement for an Initial Public Offering with SEC in the US.
 
It is hoped the move will raise up to $1.15 billion to bolster the corporation's finances and fund new property investments, according to the statement. Hyatt's current non-family CEO Mark Hoplamazin will lead the new public company.
 

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