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Pritzker and Duchossois families continue business relationship

December 13, 2013

The Duchossois Group, owned by the eponymous US-based family, has this week revealed it has sold it audiovisual company, Milestone AV Technologies, to a group owned by the Pritzker family.

The Duchossois Group, owned by the eponymous US-based family, has this week revealed it has sold it audiovisual company, Milestone AV Technologies, to a group owned by the Pritzker family.

Milestone was sold for an undisclosed sum, and the Duchossois Group will keep a significant interest in the business, with representatives on the board of directors.

Obama’s appoints Hyatt heiress as commerce secretary

June 27, 2013

Penny Pritzker has become the first US commerce secretary from a major family business since steel industrialist William Verity held the post during the Reagan administration.

The appointment of Hyatt second-gen Pritzker as US commerce secretary could allow her to advance the interests of family business, according to Josh Baron, a Partner with US-based Banyan Family Business Advisors.

Pritzker family to sell Hyatt shares

May 18, 2011

The controlling family behind Hyatt Hotels Corporation plans to sell nine million of their Class B voting shares back to the company, the group said in a statement on 16 May.

The Pritzker family, which holds around 80% of the Class B stock (over 100 million shares) through a number of family trusts, will sell nine million shares for $395.7 million. The deal is expected to close this month and accounts for around 6.9% of the company’s overall Class B shares.

Hyatt Hotels IPO is success for founding family

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.

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".

Pritzker family takes Hyatt Hotels public

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.

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.