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[2] [4] Their first project was a 40-guest hotel called the Punta Cana Club. In 1979, they constructed the Puntacana Hotel, followed by the Punta Cana International Airport in 1984. [ 2 ] In 2000, the first of the residential community developments began, and six years later, Tortuga Bay opened a boutique hotel designed by fashion designer ...
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.
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 Regency is a brand of hotels under the Hyatt banner. The brand contains 211 locations in 189 cities over 40 countries, [ 1 ] [ 2 ] and is one of the company's 14 hotel brands overall. [ 2 ] It tends to cater to business travelers.
In 2010, a majority stake of Joie de Vivre was purchased by Geolo Capital, the private equity firm founded by Hyatt Hotels heir John Pritzker.A $150 million fund to acquire additional hotels was established as part of the deal, with plans to acquire $300 million to $500 million in hotels over a three-to-five-year period. [3]
The company currently maintains a total of 27 [4] hotels & resorts in: Palma de Mallorca and Tenerife ; Riviera Maya ; Samaná, La Romana, Punta Cana, and Río San Juan (Dominican Republic); and Runaway Bay. It also keeps travel and tour offices in Argentina, Miami, Florida, Portugal, and Russia. [5]