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It had three divisions - Hyatt House Hotels, Hyatt Chalet Motels and Hyatt Lodges. The company went public in 1962 as Hyatt Corporation. Within two years, they opened Hyatt House Hotels near San Francisco International Airport and Seattle–Tacoma International Airport. 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. His younger brother, Donald Pritzker, also took on an important role in the company. In 1957, the hotel was purchased by entrepreneur Jay Pritzker for $2.2 million. The first Hyatt House was opened in 1954 by entrepreneurs Hyatt Robert von Dehn (1904–1973) and Jack Dyer Crouch (1915–1990) as a motel near Los Angeles International Airport. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries across six continents. Hyatt has grown by developing new properties and through acquisitions, with the biggest growth coming from the acquisition of AmeriSuites (later rebranded Hyatt Place) in 2004, Summerfield Suites (later rebranded Hyatt House) in 2005, and Two Roads Hospitality in 2018. In 1969, Hyatt began expanding internationally. The Hyatt Corporation came into being upon purchase of the Hyatt House, at Los Angeles International Airport, on September 27, 1957. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. 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.
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