Hyatt Restructuring Before Looking at IPO
ATLANTA, GA, April 10, 2006. Hyatt's restructuring will put the hotel group in a position to consider launching an initial public offering by the end of the year, the Financial Times reported, citing company chairman and chief executive Tom Pritzker.
In its online edition, the newspaper said Pritzker declined to comment on whether Hyatt would actually launch an IPO but cited him as saying a three-year restructuring will allow the group to comply with Sarbanes-Oxley rules for quoted companies by the end of 2006. The restructuring 'gives us options we didn't have before,' Pritzker told the newspaper in an interview.
'We will be tax compliant, we will be able to file financial statements on a timely basis,' he said.
'Could we go public? Yes, we could go public. Could we merge with someone? Yes, we could merge with someone,' Pritzker added.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
