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It opened in 1959 at 1333 Bayshore Highway in Burlingame, two miles from San Francisco International Airport. Hyatt moved its headquarters to the Burlingame hotel before 1961, [9] [10] where it was still located in 1976. [4] The hotel initially had 225 rooms and suites, and operated a complementary limousine service to and from the airport. [11]
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The hotel was sold by Strategic Hotel Capital LLC, in January 2007 for close to US$200 million to Dune Capital Management and DiNapoli Capital Partners – roughly $250,000 for each of the hotel's 802 rooms. [7] In December 2013, the hotel was purchased by Aliso-Viejo, CA-based Sunstone Hotel Investors, Inc., for $262M. [8]
Considering the growing use of air travel for business, the Pritzker brothers realized that locating a high-quality hotel near a major airport was a valuable business strategy. Within two years, they opened Hyatt House Hotels near San Francisco International Airport and Seattle–Tacoma International Airport. [7]
Founded in 1981 by Bill Kimpton and led by Chief Executive Officer Mike DeFrino, the group was the largest chain of boutique hotels in the United States in 2011. As of January 2024, it operates 81 hotels worldwide with a number of new properties forthcoming. [2]
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