Hyatt Hotels Corporation (Hyatt) is a hospitality company. Hyatt manages, franchises, owns and develops Hyatt-branded hotels, resorts and residential and vacation ownership properties. The Company manages its business in three segments: owned and leased hotels, which consists of its owned and leased full service and select service hotels; North American management and franchising, which consists of the Company’s management and franchising of properties located in the United States, Canada and the Caribbean, and International management and franchising, which consists of its management and franchising of properties located outside of the United States, Canada and the Caribbean. Its full service hotels and resorts operate under five brands, Park Hyatt, Andaz, Grand Hyatt, Hyatt Regency and Hyatt. Hyatt's two select service brands are Hyatt Place and Hyatt Summerfield Suites (an extended stay brand).