Hyatt Hotels $600 million stock offering

Davis Polk advised the underwriters in connection with the $600 million offering of 8,050,000 shares of Hyatt Hotels Corporation’s Class A common stock, which included 1,050,000 shares from the full exercise of the underwriters’ over-allotment option to purchase additional shares. Hyatt Hotels Corporation is traded on the New York Stock Exchange under the symbol “H”.

Hyatt Hotels Corporation is a leading global hospitality company that is headquartered in Chicago. The company’s subsidiaries operate, manage, franchise, own, lease, develop, license or provide services to hotels, resorts, branded residences and vacation ownership properties, including under the Park Hyatt, Miraval, Grand Hyatt, Alila, Andaz, The Unbound Collection by Hyatt, Destination by Hyatt, Hyatt Regency, Hyatt, Hyatt Ziva, Hyatt Zilara, Thompson Hotels, Hyatt Centric, Caption by Hyatt, JdV by Hyatt, Hyatt House, Hyatt Place, tommie, UrCove and Hyatt Residence Club brand names, and operates the World of Hyatt loyalty program that provides distinct benefits and exclusive experiences to its valued members.

The Davis Polk capital markets team included partner Shane Tintle, counsel Jake Tyshow and associate Lincoln Jim. Partner Po Sit provided tax advice. Counsel Loyti Cheng and associate Cristina Harshman provided environmental advice. Partner Matthew J. Bacal and associate Marisa Elena Bannon provided intellectual property advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.