Simpson Thacher represented Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as underwriters in connection with a registered secondary offering by certain selling stockholders of 4,000,000 shares of Class A common stock of Hyatt Hotels Corporation, resulting in $230.12 million of proceeds to the selling stockholders before expenses. The offering settled on May 26, 2017.
Hyatt Hotels Corporation is a global hospitality company with widely recognized, industry leading brands. Hyatt develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts and other properties, including timeshare, fractional and other forms of residential and vacation properties.
The Simpson Thacher team for the offering included John C. Ericson, Teresa Chen and Sung Jin (Capital Markets); Jacqueline Clinton and John Torrenti (Tax); Christopher Scavone (Executive Compensation and Employee Benefits); Adeeb Fadil and Noreen Lavan (Environmental); Lawrence Huang (Intellectual Property); and Jennie Getsin (Blue Sky). Summer Associate Brian Kloeblen also provided valuable assistance.