Hyatt is an international brand of hotels within the Global Hyatt Corporation that operates numerous properties. The Hyatt Corporation was born upon purchase of the Hyatt House, at Los Angeles International Airport on September 27, 1957.

The original owners were entrepreneurs, Hyatt R. von Dehn and Jack D. Crouch. Hyatt R. von Dehn was eager to get out of the hotel business after a few years, so he sold his share in the hotel to Jay Pritzker. Mr Pritzker heard the hotel was for sale while sitting in its coffee shop, called “Fat Eddie’s”, waiting for a flight. He scribbled a bid for $2.2 million dollars on a napkin, and the Hyatt Corporation was born. (That’s the equivalent of $15,770,581 in 2006).

Jay Pritzker and Jack D. Crouch remained partners until 1965, opening airport hotels in several cities including San Francisco, Seattle, and San Jose. Crouch stepped away from Hyatt to pursue other hotel ventures, while Jay and his younger brother, Don continued to run Hyatt.

The Hyatt became famous after the chain opened the world’s first atrium hotel in 1967, the Hyatt Regency Atlanta, a decade after opening its first hotel.

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