Hyatt Hotels Corporation Prices Initial Public Offering
NOVEMBER 5, 2009 - Hyatt Hotels Corporation announced today the pricing of its initial public offering of 38,000,000 shares of Class A common stock at a price of $25.00 per share.
Hyatt's Class A common stock will begin trading on the New York Stock Exchange under the symbol 'H' on November 5, 2009.
The offering will consist of 38,000,000 shares of Class A common stock to be sold by certain existing stockholders. In addition, Hyatt has granted the underwriters a 30-day option to purchase up to an additional 5,700,000 shares of Class A common stock. Hyatt will not receive any of the proceeds from the sale of shares of Class A common stock by the selling stockholders.
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 
