From Bloomberg | A source with knowledge of the transaction says the Pritzker family has sold Hyatt Center, a 48-story office tower in downtown Chicago, to closely held Irvine Co for $625 million.
Inside these posts: Hyatt
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Hyatt Regency to reopen New Orleans hotel
Hyatt Hotels Corp. said it is revamping and reopening its Hyatt Regency New Orleans in fall of 2011. The operator said it will launch a multimillion redevelopment of the 1,193-room hotel located adjacent to the Louisiana Superdome.
Hyatt workers protest outside shareholder meeting
By Julie Wernau | At its first shareholders’ meeting as a public company Wednesday, Hyatt
Hotels Corp. faced protesters dressed as money-grubbing rats and dozens
of religious leaders who compared Hyatt’s labor practices to Pharaoh’s
enslavement of the Israelites.
The Chicago-based hotel chain, which is largely controlled by the
Pritzker family, went public in November and has been under fire by
government, religious and labor leaders since August when it fired 98
Hyatt housekeepers in Boston and replaced them with cheaper, outsourced
labor.
Media shut out of Hyatt Hotels’ annual meeting
By Julie Wernau
| Hyatt Hotels Corp. said Monday that the hotel chain’s first annual meeting as a public company is closed to the media.
“Since we are a newly public company, this meeting is only open to
stockholders, which is not an uncommon practice,” said Farley Kern,
spokeswoman for Chicago-based Hyatt.
