Just kidding--they only purchased the 143-property AmeriSuites. Or wait, maybe they are making a global takeover bid:
- The move is a strategic component of the process resulting in the formation of Global Hyatt Corporation, a new parent company over Hyatt Hotels Corporation (domestic US, Canada and Caribbean hotel operations), Hyatt International Corporation (international hotel operations), Hyatt Equities (hotel ownership) and Hyatt Vacation Club, Inc. (timeshare). According to Thomas Pritzker, chairman and CEO of Hyatt Corp, the formation of the new umbrella company will be completed by December 31, 2004. Mr. Pritzker will also serve as chairman and CEO of Global Hyatt.
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