Hyatt Hotels Corporation Announces New Authorization of $250 Million in Share Repurchases

  • Hyatt Hotels Corporation
  • 12.14.16
Hyatt Hotels Corporation today announced that its Board of Directors has authorized the repurchase of up to an additional $250 million of the Company’s common stock.

The anticipated share repurchases are evidence of Hyatt’s ongoing commitment to return meaningful capital to stockholders while continuing to invest in global growth opportunities. Hyatt has repurchased $2.2 billion of shares from stockholders since 2011, including $268 million repurchased in 2016 through November 3, as previously reported.

Repurchases may be made from time to time in the open market, in privately negotiated transactions, or otherwise, including pursuant to a Rule 10b5-1 plan, at prices that the Company deems appropriate and subject to market conditions, applicable law and other factors deemed relevant in the Company’s sole discretion. The common stock repurchase program does not obligate the Company to repurchase any dollar amount or number of shares of common stock and the program may be suspended or discontinued at any time.

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