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The Hyatt Empire

The idea that a multi-billion-dollar empire was launched from a chance encounter in Fat Eddie’s coffee shop with a cheque written on a napkin seems like something (17) ___________. This very true story took place in the very first Hyatt hotel across from Los Angeles airport.

As legend has it, in 1957, businessman Jay Pritzker was killing time in Fat Eddie’s when he noticed (18) ___________. After a quick inquiry, he discovered there would not be a vacancy for a few days. And that’s when Jay Pritzker had his epiphany. Why only place high-end hotels downtown so far from the airport? Business travellers would surely flock to luxurious accommodations that had the added convenience of being next to the airport.

Pritzker was so certain of this, he arranged a meeting with the hotel owner, a man named Hyatt von Dehn, and they agreed on a sale price of $2.2 million on the spot. As Pritzker did not have the forethought (19) ___________, he wrote a legally binding cheque on a napkin.

Jay partnered with his younger brother Donald to turn this vision into a reality. The boys were the grandsons of Jewish immigrants (20) ___________, and by the time they were born, the family had achieved some success in the new world in various business ventures.

The key to Pritzker’s vision was combining convenience with luxury. Today the airport hotel is as commonplace in any developed city (21) ___________. But in the late 1950s this concept didn’t exist.

Of course, Jay Pritzker’s vision was more than just airport hotels. He wanted the Hyatt name to be synonymous with luxury and elite accommodations. Pritzker saw the opportunity (22) ___________ the now world-famous Atlanta Regency Hotel opened its doors. By the end of the 1960s the Hyatt chain had grown to 13 hotels.

Awho expanded Hyatt into a chain of hotels
Bthat could only be found in a Hollywood meeting
Cto carry his chequebook with him
Dmostly in the western United States
Eas traffic lights and park benches
Fto create a signature architectural wonder and in 1967
Gthat the hotel was filled to capacity
Hwho came to America from a town near Kyiv in 1881

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