Hyatt savors post-Trump shot at New York hotel expansion: Pritzkers now free to chase Manhattan biz. (Hyatt Hotels Corp.; Donald Trump)

Crain's Chicago Business, October, 1996 by Kamen, Robin

With Donald Trump jettisoned as its partner, Hyatt Hotels Corp. is intensifying efforts to hang more of its flags in New York. The Chicago-based company owned by the Pritzker family earlier this month agreed to pay Mr. Trump $140 million for his half-share in Grand Hyatt on 42nd Street and end a 17-year-old non-compete clause.

Immediately thereafter, Manhattan real estate brokers began getting calls from scouts working on Hyatt's behalf. "We see a great deal of vitality in the Manhattan market," said Alex Alexander, division vice-president in New York for Hyatt. But he declined to be specific about the company's plans. Real estate brokers said the hotel company may have a hard time finding candidates that fit its needs for 300 or more rooms. "There's not much out...

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