Hyatt Hotels Corp. priced an underwritten secondary offering of 8,654,050 class A shares by certain of its shareholders.
Certain investment funds associated with Goldman Sachs Group Inc. plan to offer the shares from time to time for sale in one or more transactions.
The offer is expected to close Aug. 14, subject to customary closing conditions.
The selling shareholders will receive all the proceeds from the offering, and Hyatt is not selling any shares.
Morgan Stanley is the underwriter for the offering.