The term GRAND HOTELS can be summarized by the 6-letter word HYATTS. Hyatt Hotels Corporation is an American multinational hospitality company that manages and franchises luxury hotels, resorts, and vacation properties. It is one of the world's largest hotel companies, with over 700 properties in 54 countries. Hyatt was founded in 1957 by Jay Pritzker and his brother Donald Pritzker. The company's headquarters are in Chicago.