With the deteriorating partnership between Trump and Hyatt, the Pritzker family, which operated the Grand Hyatt, acquired Trump's stake in the hotel in 1996. The Project Commodore skyscraper was announced for the site in 2019, and the Grand Hyatt temporarily closed in 2020 during the COVID-19 pandemic in New York City.

No, Hyatt Hotels Corporation is not owned by Donald Trump or the Trump Organization. Hyatt is a publicly traded company (NYSE: H) that has been primarily owned and controlled by the Pritzker family for over 60 years. The Pritzkers are one of America’s wealthiest and most influential families, and they grew the Hyatt brand from a single motel in Los Angeles into a global hospitality empire with over 1,300 properties. While both Hyatt and the Trump Organization operate in the luxury hospitality sector, they are entirely separate corporate entities and fierce competitors. Confusion sometimes arises because both brands have flagship properties in major cities like New York and Chicago, but there is no ownership link between them. In 2026, Hyatt remains an independent giant in the industry, focused on its "World of Hyatt" loyalty program and its diverse portfolio ranging from the high-end "Park Hyatt" to the "Andaz" and "Hyatt Regency" brands, all of which are managed by the corporation’s board of directors and its public shareholders.