Hyatt is an international brand of hotels within the Global Hyatt Corporation that operates numerous properties.
Hyatt Center (completed in 2005 & located in downtown Chicago at 71 South Wacker Drive), is the headquarters for Hyatt corporation. Prior to this, the corporate headquarters was around the corner at 200 West Madison Street.
The Hyatt became famous after the chain opened the world's first atrium hotel in 1967, the Hyatt Regency Atlanta, a decade after opening its first hotel.
In 1969, Hyatt opened its first hotel overseas, the Hyatt Regency Hong Kong (which closed at the end of 2005 and was demolished, the new one will open in 2009 ). In 1980, the Grand Hyatt and Park Hyatt brands were introduced. Hyatt has become known for its resorts after the opening of Hyatt Regency Maui in 1980. Today Hyatt has over 340 hotels worldwide.
In December 2004, Global Hyatt announced it would acquire AmeriSuites, an upscale chain of all suite business class hotels from affiliates of the Blackstone Group, a New York based private equity investment firm. Blackstone had inherited AmeriSuites from its 2004 acquisition of Prime Hospitality. The AmeriSuites chain is being rebranded and converted to a new concept called Hyatt Place. With Hyatt Place, Global Hyatt will better compete with the limited service products Courtyard by Marriott and Hilton Garden Inn offered by industry leaders Marriott International and Hilton Hotels Corp.
In December 2005, Global Hyatt announced a second limited service acquisition, Summerfield Suites. Again the seller was the Blackstone Group. Blackstone had inherited Summerfield Suites from its purchase of Wyndham International. Summerfield Suites will be rebranded as Hyatt Summerfield Suites and positioned to compete in the upscale extended stay market against brands such as Residence Inn, Homewood Suites and Staybridge Suites.
Other brands include the Hyatt Place concept, designed as a limited service offering targeted to the business traveler. An extended stay chain, Summerfield Suites, was acquired by Hyatt in 2005, and features 20 locations in the United states. Hyatt also launched a new brand, Andaz, in April 2007. The first hotel to bear this brand is be The Great Eastern Hotel in London, with additional properties planned for New York and Austin, TX.
In addition to hotels, the Hyatt Group also operates apartment properties. These properties, called the Hyatt Residency, are co-located with Grand or Park Hyatt properties. The group also offers retial home décor and furnishings through Hyatt at Home, an online store featuring luxury products.
The Hyatt Regency Atlanta was built in 1967 and was the first contemporary atrium hotel in the world. The hotel is also notable for being the first Regency hotel in the Hyatt brand. The hotel was influential in helping Atlanta develop into the international destination that it is today, and to this day remains the only major downtown Atlanta hotel with a front drive on the famed Peachtree Street.
The Grand Hyatt Shanghai is located in the Jin Mao tower (floors 53 to 87). It has a ballroom for 1200 people, and meeting rooms which seat 400 comfortably. It claims the title of Highest Hotel In The World and welcomes guests in a 33 floor atrium.
The Continental Hyatt Hotel was in the movie Almost Famous starring Kate Hudson (2000), and its pool has featured in several films including This is Spinal Tap (1984), and the Park Hyatt Hotel in Century City was the scene of the famous "6th floor into swimming pool" scene in the 1989 movie Lethal Weapon 2 starring Mel Gibson and Danny Glover.
The Hyatt Regency San Francisco provides a rooftop revolving restaurant called Equinox, offering 360-degree views of the city and the bay. This hotel was sold for close to $200 million to Dune Capital Management and DiNapoli Capital Partners in January 2007 – roughly $250,000 for each of the hotels 802 rooms. The property has been used several times as a filming location, featured most prominently in the Mel Brooks comedy High Anxiety.
The Park Hyatt Tokyo was featured prominently in the movie Lost in Translation, and also in an episode of I Survived a Japanese Game Show where that episode's winning team stayed in the suite featured in that movie worth $12,000/night, plus a personal chef.