Jay Pritzker buys Hyatt House, a small motor lodge near LAX.
OUR story
Hyatt was founded by Jay Pritzker in 1957 when he purchased the Hyatt House motel adjacent to Los Angeles International Airport. Over the following decade, Jay and his brother Donald Pritzker, grew the company into a successful North American management and hotel ownership company.
In 1968, Hyatt International was formed as a separate entity, and both companies were later taken private by Pritzker family business interests before uniting under Hyatt Hotels Corporation in 2004 and going public in 2009. Today, Hyatt is a global hospitality leader with more than 1,450 hotels and all-inclusive resorts across over 80 countries and six continents.
Through strategic growth and new brand introductions, the World of Hyatt portfolio now spans more than 30 brands across five distinct portfolios – Luxury, Lifestyle, Inclusive, Classics, and Essentials – driving brand differentiation and exceptional guest experiences.