Are Shanghai Jinmao Grand Hyatt and Hyatt the same company?

The Hyatt Group has three distinctive brands - Hyatt Regency, Grand Hyatt and Park Hyatt. Hyatt is five-star, and Grand Hyatt and Boyue are super five-star. Grand Hyatt generally has 450 to 600 beds, and Boyue generally has more than 200 beds. Boyue's prices are higher. In 1957, the first Hyatt Hotel opened in Los Angeles, USA. Currently, there are 28 Grand Hyatt hotels in the world. Competitors of Park Hyatt, Grand Hyatt, and Hyatt are targeting Four Seasons, Peninsula, Sheraton, and Marriott respectively.

Hyatt Hotels and Resorts Hotel Group includes two independent group companies-Hyatt Hotels Group and Hyatt International Hotels Group, which manages 215 Hyatt hotels around the world by region. Hyatt Hotels Group is in charge of the U.S. and Canadian markets; Hyatt International Hotels Group manages the Asia-Pacific region. The Hyatt Hotel Group belongs to the Pritzker family of Chicago; Hyatt International Hotel Group is another independent company of the Pritzker family. Hyatt's development began with the first hotel established at Los Angeles International Airport.

According to the 2004 statistics released by the American "HOTELS" magazine in July 2005, Hyatt International Hotel Group has 818 hotels and 147,157 rooms, ranking 9th; in 2003, it ranked 11th. 208 seats and 896.02 million rooms. The brands are Hyatt, Grand Hyatt, and Park Hyatt. Mainly franchising. There are 4 hotels in mainland China, entrusted with management.

Hyatt International Hotel Group has 9 hotels in China, located in Beijing, Shanghai, Hangzhou, Xi'an, Tianjin, Hong Kong, Macau and other regions, all under the Grand Hyatt and Hyatt brands.

On September 27, 1957, the first hotel managed by Hyatt opened in Los Angeles, USA.

In 1969, Hyatt entered Hong Kong.

In 1986, Hyatt entered Tianjin.

In 1989, Hyatt entered Xi'an.

In 1999, the Jinmao Grand Hyatt Hotel in Shanghai Jinmao Tower opened.

On June 28, 2005, the Hyatt Regency Hangzhou opened for business. This is the fifth hotel opened by Hyatt International Hotel Group in mainland China after Beijing, Shanghai, Xi'an and Tianjin.

On October 28, Joe McNenning, chairman and CEO of the American Hotel & Lodging Association, said at the 2005 Beijing International Hotel Industry Forum that Hyatt Group will increase the number of hotels in China by 4% by 2008. times, China has become the group's largest market outside the United States. By 2013, Hyatt Group aims to have 38 hotels in China and neighboring countries.

On November 15, Chongqing’s sixth five-star hotel, the Grand Hotel, opened for trial operation, with 405 suites, a total construction area of ??55,000 square meters, and an investment of 550 million yuan.

On December 16, China Resources (Shenzhen) Co., Ltd., a subsidiary of Hong Kong China Resources Group, started construction of the second phase of China Resources Center and Grand Hyatt Shenzhen. The total investment exceeded HK$2.2 billion and was completed in 2008.

On December 20, the Shimao North Bund Hotel, which Shimao Group invested about 1 billion yuan, has recently reached its structural top and will open in the third quarter of 2006. One of the twin buildings contains a five-star Hyatt hotel with 325 rooms, and the other is a serviced apartment. At present, the serviced apartment project has not yet been decided whether to be put on the market.

On December 26, Science City held an extraordinary general meeting of shareholders to consider proposals such as investing 400 million yuan to cooperate with Beijing Yintai Real Estate Co., Ltd. to develop the Beijing Park Hyatt project. The company said that the Park Hyatt Residences are tailor-made for international business leaders and have the highest standards of hotel services provided by Hyatt International Hotels Group.

In 2006, it plans to manage 12 hotels in China. Hyatt Regency Shanghai North Bund opens.

At the end of 2007, the Hyatt Group officially operated 14 hotels in China, focusing on three high-end brands: Park Hyatt, Grand Hyatt and Hyatt. These Hyatt hotels are only contract management business models and do not participate in hotel investment.

The first Park Hyatt hotel in China opens in Beijing. The Park Hyatt at Beijing Yintai Center opens. Hyatt's five-star hotel in Chengdu is completed.

In 2008, the second Park Hyatt hotel in China opened in the Shanghai World Financial Center, the world's tallest skyscraper under construction.

Grand Hyatt Shanghai is located on the 53rd to 87th floors of the 88-story Jin Mao Tower and is the tallest hotel in the world. The Nine Heavens Lounge on the 87th floor is also the highest bar in the world. Opened in 1999; 555 rooms; lowest retail price 3,500 yuan. About 90 of the guests are international business people. The assets are China Jinmao (Group) Co., Ltd. In 1999, it was rated as one of the best leisure destinations in Asia by the US Newsweek. On August 28, 2001, Shanghai Jinmao Hyatt Hotel was renamed Jinmao Grand Hyatt. The annual turnover is 433 million yuan, and the owner's profit is 19.2 million US dollars. Operating indicators for the first half of 2005 (total number of guest rooms/available rooms/sold rooms/occupancy rate/rent revenue/share of total revenue/average room price/first half of 2004/growth rate/RevPar/catering revenue/share of total revenue /Other income/total revenue/total revenue/food gross profit margin/beverage gross profit margin/labor cost rate) are: 555.00 100455.00 82137.00 81.76 184, 607, 362.00 53.16 2247.55 1968.43 14.18 1837.71 154, 163, 655. 00 44.39 8, 508,486.00 2.45 347,279,503.00 57.33 64.67 19.67

Grand Hyatt Beijing opened in October 2001; it has 782 rooms; the lowest retail price is 3,000 yuan. Grand Hyatt Beijing was selected as the most popular hotel in Beijing in 2006 by readers of "Destin Asian". During the year, it was also selected by Hurun Report - Rich List as the 2006 Rich List's Most Favorite Brand Hotel and Hotel. Awards from Private Geography and Cond Nast Traveler. Since its official opening in October 2001, Grand Hyatt Beijing has won thirty awards from domestic and foreign media.