Nicholas Pritzker II

Nicholas Pritzker II

Co-owner of the Hyatt Hotel company
Country: USA

  1. Biography of Nicholas Pritzker II
  2. Education and Early Life
  3. Business Ventures
  4. Current Ventures
  5. Family and Future

Biography of Nicholas Pritzker II

Education and Early Life

Nicholas Pritzker II, co-owner of the Hyatt Hotel company, is a highly accomplished individual. He graduated from Lake Forest College with a Bachelor of Science and Arts degree. He also obtained a Juris Doctor degree from the University of Chicago.

Business Ventures

Nicholas Pritzker II is the nephew of A.N. Pritzker, who, along with his sons, founded the renowned industrial conglomerate Marmon. The sales of Marmon reached six and a half billion dollars a few years ago. Additionally, they established the largest hotel chain, Hyatt, which now has over seven hundred hotels worldwide. Hyatt is a magnificent hotel and resort structure that offers its services to travelers from around the globe. The organization's brands, including Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt Resorts, Hyatt, Hyatt Place, and Hyatt Summerfield Suites, are well-known to a vast number of tourists. In April 2007, the company created a new brand called Andaz.

Current Ventures

Today, the company owns various subsidiaries, including Hyatt Vacation Ownership, Inc., Hyatt Vacation Club, and controls the organization U.S. Franchise Systems, Inc. and its several affiliated companies. The Pritzker family acquired Marmon in 1953 when it was a small organization consisting of 124 small divisions manufacturing diverse products. In 2007, there was a question of selling the company, valued at four and a half billion dollars, to the famous billionaire Warren Buffett.

Family and Future

Since the beginning of the 21st century, the Pritzker family has been involved in lengthy family disputes regarding the business and other matters. Currently, the division of the company is ongoing and extended until 2011. The family members will have to undergo numerous trials in order to eventually divide the empire into 11 parts, according to the agreement. Nicholas Pritzker II is currently one of the participants in these events and simultaneously fulfills the role of the head of the hotel business division, Hyatt Development.