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In 1995, Jay Pritzker, the co-founder of Hyatt, [clarification needed] stepped down and Thomas Pritzker took control of The Pritzker Organization. [4] When Jay died in 1999, the family split the business into 11 pieces worth $1.4 billion each [4] (choosing to settle a lawsuit from two family members, who apparently received $500 million each in 2005).
Hyatt has expanded its footprint through a number of acquisitions, including the acquisition of AmeriSuites (later rebranded Hyatt Place) in 2004, Summerfield Suites (later rebranded Hyatt House) in 2005, Two Roads Hospitality in 2018, Apple Leisure Group in 2021, Dream Hotel Group in 2023 and Standard International in 2024.
Amstar DMC has provided excursions in Mexico, Jamaica and the Dominican Republic since 1989. Its corporate headquarters are located in Cancún and Punta Cana. In 2008, Amstar became the first Mexican destination management company to open a representation office in Shanghai, China. Five years later, an office was opened in Hawaii through Amstar ...
RIU Hotels & Resorts is a Spanish family-owned hotel chain. The company's business is focused on the holiday hotel sector and over 70% of its establishments offer an all-inclusive service. As of 2014, it was the 30th largest hotel chain in the world. [4] As of 2020, it had 98 locations in 19 countries, 31,270 employees, and 4.9 million ...
Punta Cana is a resort town in the easternmost region of the Dominican Republic. It was politically incorporated as the "Verón–Punta Cana township" in 2006, and it is subject to the municipality of Higüey (La Altagracia Province). According to the 2022 census, this township or district had a population of 138,919 inhabitants. [5]
Mark Samuel Hoplamazian [1] (born November 27, 1963) is an Armenian American businessman, who has been the president and CEO of Hyatt Hotels Corporation since December 2006. [2] Through marriage he is a member of the Kohler family .