Hyatt Signs Lease to Relocate Company’s Global Headquarters to Chicago’s West Loop
Relocation to 150 N. Riverside Plaza Brings Together All Chicago-Based Corporate Colleagues Under One Roof
Hyatt Hotels Corporation (NYSE: H) today announced that a subsidiary has signed a lease on new office space currently under construction at 150 N. Riverside Plaza in Chicago. Hyatt's relocation of its global headquarters to the state-of-the-art facility brings together approximately 1,000 colleagues currently based in two separate buildings.
"We are pleased to announce we will be relocating our headquarters to a brand new building that is still under construction along the west side of the Chicago River in the vibrant West Loop neighborhood," said Mark Hoplamazian, president and chief executive officer, Hyatt Hotels Corporation. "By bringing together all of our Chicago-based corporate colleagues under one roof, we will expand opportunities for our teams to collaborate with each other and continue to contribute to the thriving business community and hospitality industry here in Chicago."
"In addition to driving efficiencies through this new work space, we're very excited to enhance the workplace environment in which our colleagues operate so they are positioned for continued success," said Robb Webb, chief human resources officer, Hyatt Hotels Corporation. "We plan to actively involve our colleagues in the transition process to develop space that promotes creativity and a great employment experience."
"We are thrilled Hyatt continues to expand its presence in Chicago and capitalize on the city's talent base and access to domestic and global markets," said Jeff Malehorn, president & chief executive officer of World Business Chicago, which is Mayor Rahm Emanuel's and the City of Chicago's public-private economic development entity.
150 N. Riverside Plaza is a 53-story, 1.2 million-square-foot office tower currently under construction in the West Loop along the Chicago River. Hyatt expects to begin transitioning its colleagues to 150 N. Riverside Plaza before the end of 2017.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 19 premier brands. As of March 31, 2019, the Company's portfolio included more than 850 properties in over 60 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination®, Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt Zilara™, Thompson Hotels®, Hyatt Centric®, Hyatt House®, Hyatt Place®, Joie de Vivre®, tommie™, Hyatt Residence Club® and Exhale® brand names, and operates the World of Hyatt® loyalty program that provides distinct benefits and exclusive experiences to its valued members. For more information, please visit www.hyatt.com.