On December 31, 2004, substantially all of the hospitality assets owned by Pritzker family business interests, including Hyatt Corporation and Hyatt International Corporation, were consolidated under a single entity, now Hyatt Hotels Corporation.

Hyatt is actually the parent company itself, known as Hyatt Hotels Corporation, and it is not owned by another hotel chain like Marriott or Hilton. It is a publicly traded company (NYSE: H) that was founded in 1957 by Jay Pritzker and is still significantly influenced by the Pritzker family, one of America's wealthiest business dynasties. Hyatt operates as an independent multinational hospitality company that manages and franchises a wide portfolio of luxury and business brands, including Park Hyatt, Grand Hyatt, Andaz, Thompson Hotels, and the Unbound Collection. In recent years, Hyatt has been an "aggressor" in the market rather than a target, acquiring companies like the Apple Leisure Group in 2021 to expand its "Inclusive Collection" of resorts. While it is smaller in total room count than giants like Marriott International, Hyatt has carved out a distinct niche in the "high-end lifestyle" and luxury travel sectors, maintaining its independence in a world where many other heritage brands have been consolidated into massive "mega-hotel" conglomerates.