subordinate ownership.

Hyatt Regency Hotel Group, headquartered in Chicago, has a history of more than 61 years, and its Park Hyatt, Grand Hyatt and Hyatt Regency hotels are mostly distributed in the core areas of major cities in China. Park Hyatt Hotel, a brand of Hyatt Regency International Hotel Management Group, is a five-star leisure and holiday hotel. The headquarters is strong, integrating hotel operation, brand promotion, marketing planning and investment promotion.