Simpson Thacher represented Morgan Stanley & Co. LLC as underwriter in connection with a registered secondary offering by certain selling stockholders of 8,654,050 shares of Class A common stock of Hyatt Hotels Corporation (NYSE: H), resulting in $498.3 million of proceeds to the selling stockholders before expenses. The offering settled on August 14, 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, John O’Connell and Eric Wisotsky (Capital Markets); Jacqueline Clinton and John Torrenti (Tax); Adeeb Fadil and Noreen Lavan (Environmental); and Jennie Getsin (FINRA/Blue Sky).