There is a common misconception among travelers that Marriott Vacation Club owns Hyatt. However, this is not true.
Marriott Vacation Club:
Marriott Vacation Club is a timeshare program owned and operated by Marriott International, Inc. It offers its members the opportunity to purchase vacation ownership at various resorts around the world. Members can use their points to book stays at Marriott properties or exchange them for stays at other affiliated resorts.
History:
Marriott Vacation Club was established in 1984 as the first timeshare program offered by a major hotel company. Since then, it has grown to become one of the largest timeshare programs in the world with over 400,000 members and more than 60 resorts worldwide.
Hyatt:
Hyatt Hotels Corporation is a global hospitality company that operates luxury hotels and resorts around the world. Hyatt’s portfolio includes over 900 properties across more than 65 countries.
Hyatt was founded in 1957 by Jay Pritzker as a small motel near Los Angeles International Airport. Since then, it has grown into one of the most well-known hotel brands in the world with iconic properties such as the Park Hyatt Tokyo and Grand Hyatt New York.
Relationship between Marriott Vacation Club and Hyatt:
Despite some similarities in their business models, Marriott Vacation Club and Hyatt are two entirely separate companies with no ownership or partnership agreements between them.
- Ownership: Marriott International owns Marriott Vacation Club.
- Affiliation: While both companies are part of larger hospitality networks (Marriott International for Marriott Vacation Club and Hyatt Hotels Corporation for Hyatt), they are not affiliated with each other.
- Partnership: There is no partnership agreement between the two companies.
Conclusion:
In conclusion, Marriott Vacation Club does not own Hyatt. While both companies operate in the hospitality industry, they are separate entities with their own unique offerings. It’s important for travelers to understand the difference between the two and not assume that they are connected in any way.