Hyatt Hotel Corp. today announced a filing with the U.S. Securities and Exchange Commission proposing an initial public offering of public shares.
Hyatt intends to raise up to $1.15 billion in the IPO, the company said in the filing. The filing did not specify the timing of the IPO.
Hyatt, which as of June 30 had a portfolio of 413 branded hotels, or 119,509 rooms, is among the world's largest in terms of revenue, hotels and rooms, according to
Business Travel News'2009 Business Travel Survey.