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Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties.
Southwest Value Partners (SWVP) is an American, privately held real estate investment company. It is headquartered in San Diego, with offices in Scottsdale, Tucson and Nashville. [1] [2] Grand Hyatt Nashville, one of SWVP’s projects, behind Union Station.
Global Hotel Alliance (GHA) is the world's largest alliance of hotel brands. [1] Based on the airline alliance model, it was founded in 2004 by four hotel chains, Kempinski , Pan Pacific Hotels and Resorts , Rydges Hotels & Resorts , and Wyndham International .
A former AmeriSuites hotel. It was founded by Mark Yale Harris, cofounder of Red Roof Inns.In 1991, Harris founded AmeriSuites Hotels. [2] AmeriSuites was an innovator in offering one of the first available affordable suite accommodations.
Mark Samuel Hoplamazian [1] (born November 27, 1963) is an Armenian American businessman, who has been the president and CEO of Hyatt Hotels Corporation since December 2006. [2] Through marriage he is a member of the Kohler family .
In 1995, Jay Pritzker, the co-founder of Hyatt, [clarification needed] stepped down and Thomas Pritzker took control of The Pritzker Organization. [4] When Jay died in 1999, the family split the business into 11 pieces worth $1.4 billion each [4] (choosing to settle a lawsuit from two family members, who apparently received $500 million each in 2005).
In 2008, Wyndham purchased U.S. Franchise Systems, owner of the Microtel and Hawthorn Suites brands, from Global Hyatt Corporation for $150 million. [10] Wyndham bought the Wisconsin-based Exel Inn chain in 2008 and converted all 22 of its properties to Wyndham brands. [ 11 ]
In 2010, a majority stake of Joie de Vivre was purchased by Geolo Capital, the private equity firm founded by Hyatt Hotels heir John Pritzker.A $150 million fund to acquire additional hotels was established as part of the deal, with plans to acquire $300 million to $500 million in hotels over a three-to-five-year period. [3]