Abu Dhabi buys 10.9% share in Hyatt Hotels Corp

Written by LS Monday, 08 February 2010 15:30

The Abu Dhabi Investment Authority, one of the world’s top two sovereign wealth funds, has acquired a 10.9 percent stake in the Pritzker family’s Hyatt Hotels Corp.

The sovereign wealth fund holds 4.76 million Hyatt Class A shares, according to a filing on Tuesday with the US Securities and Exchange Commission. The stake has a market value of about $140.4 million.

The Abu Dhabi authority is the second sovereign wealth fund to report having acquired Hyatt shares since the Chicago-based hotel chain went public last month, with the Government of Singapore Investment Corp disclosing last month that it had acquired a 6.9 percent stake.