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==Early life and education== ==Early life and education==
Pritzker was born in ],<ref> may 16, 2013</ref> the son of Marian "Cindy" (née Friend) and Jay Pritzker.<ref> April 25, 1988</ref> Pritzker graduated with a B.A. from ].<ref name=ForbesBillionaires /> His father diversified the Chicago-based family business, the ] - along with his brothers ] and ] - building it into a portfolio of over 60 diversified industrial corporations. He also created the ] chain in 1957 and owned ] from 1983–1988.<ref name=ForbesBillionaires /> The family has been divesting its assets: in 2006, the family sold Conwood, a smokeless tobacco company, for $3.5 billion to cigarette company ] Inc;<ref name=ChicagoTribuneOwnLessThanHalf> April 19, 2011</ref> in 2007, the family sold control of the Marmon Group to ]'s ] for $4.5 billion;<ref name=ForbesBillionaires /> and in 2010, the family sold its majority stake in ], the Chicago-based credit reporting company, for an undisclosed amount to Chicago-based private-equity firm ].<ref name=ChicagoTribuneOwnLessThanHalf /> Pritzker was born in ],<ref> may 16, 2013</ref> the son of Marian "Cindy" (née Friend) and Jay Pritzker.<ref> April 25, 1988</ref> Pritzker graduated with a B.A. from ] and attended the University of Denver.<ref name=ForbesBillionaires /> His father diversified the Chicago-based family business, building it into a portfolio of over 60 diversified industrial corporations. In 1957 Pritzker bought a 100-room motel, The Hyatt House, at LAX Airport which quickly grew to become Hyatt Hotels and Resorts. In 2002 the family agreed to a plan to divest much of the family holdings and divide the funds among the 11 cousins in that generation.<ref name=ChicagoTribuneOwnLessThanHalf />


==Career== ==Career==

Revision as of 16:55, 11 April 2022

John A. Pritzker
Born1953 (age 71–72)
Chicago, Illinois, US
EducationMenlo College (BA)
University of Denver
Occupation(s)Private equity, philanthropy
Known forFounding Partner/Director
Children3, including Adam Pritzker
Parent(s)Jay Pritzker
Marian "Cindy" Friend
RelativesThomas Pritzker (brother)
Daniel Pritzker (brother)
Jean "Gigi" Pritzker (sister)

John A. Pritzker (born 1953), the grandson of A.N. Pritzker and son of Jay Pritzker, is an American billionaire and investor. He is a member of the Pritzker family.

Early life and education

Pritzker was born in Chicago, Illinois, the son of Marian "Cindy" (née Friend) and Jay Pritzker. Pritzker graduated with a B.A. from Menlo College and attended the University of Denver. His father diversified the Chicago-based family business, building it into a portfolio of over 60 diversified industrial corporations. In 1957 Pritzker bought a 100-room motel, The Hyatt House, at LAX Airport which quickly grew to become Hyatt Hotels and Resorts. In 2002 the family agreed to a plan to divest much of the family holdings and divide the funds among the 11 cousins in that generation.

Career

In 1972, Pritzker started his career working in the family business, Hyatt Hotels, where in 1984, he rose to become Managing Director and Divisional Vice President. In 1988, he left Hyatt to pursue his own entrepreneurial activities, including Ticketmaster. In 1996, he formed Mandara Spa, a chain of 72 resort spas. In 2000, 40% of the company was sold to Shiseido Co. In 2001, the remaining 60% was sold to Steiner Leisure Limited, a Nasdaq (STNR) listed company. In 2005, Pritzker founded the private equity firm Geolo Capital with his Mandara business partner Tom Gottlieb; Geolo Capital focused on investments in hospitality, entertainment, and health & wellness companies. In 2009, Geolo Capital bought the iconic Carmel Valley Ranch from Blackstone. The resort was reimagined and opened in 2012. Soon after the resort's opening, Geolo Capital purchased a majority interest in the Joie de Vivre boutique hotel chain. In October 2011, Geolo Capital merged the 30 hotel Joie de Vivre chain with the 12 hotel Thompson Hotel Group to form Commune Hotels & Resorts with Pritzker and Jason Pomeranc serving as co-CEOS. In 2012, Commune operated 46 hotels, which generated $450 million in revenues. In January 2016, Commune Hotels merged with Destination Hotels to form Two Roads Hospitality. With that merger, the new company has over 97 hotels across six brands and annual revenues of over $2.3 billion. In November 2018, Two Roads Hospitality closed on its sale to Hyatt Corporation for a reported price of $480 million.

Personal life and philanthropy

Pritzker and his former wife Lisa Stone have three children. Pritzker is chair of the John Pritzker Family Fund, which invests in mental health and healthcare, democracy and civic health, Jewish life and the arts. The fund is a major supporter of the Department of Psychiatry at the University of California San Francisco (UCSF), the San Francisco Museum of Modern Art, and the Jewish Community Relations Council (JCRC).

In March 2019, the foundation announced a $25 million grant to the India Basin Park Project, an ambitious environmental justice and open space initiative to build a new, accessible and contiguous waterfront park for San Francisco's Bayview community. The fund also supports a mental health speaker series in San Francisco in partnership with the Commonwealth Club, to advance a community conversation about mental health and exploring promising treatments and innovations across the field.

Pritzker serves on the Executive Council of UCSF Health and the boards of the Metropolitan Museum of Art, the Golden Gate National Parks Conservancy and the Bernard Osher Foundation. He is a member of the Emeritus Board of Tipping Point Community and is a past president of the San Francisco Jewish Community Federation.

References

  1. ^ Forbes: The World's Billionaires - John Pritzker June 2015
  2. Monterey County Weekly: "Hyatt heir John Pritzker's vision of turning Carmel Valley Ranch into an always-open, everyone-welcome version of summer camp" By Josh Sens may 16, 2013
  3. CNN Money: "THE PRITZKERS UNVEILING A PRIVATE FAMILY" By Ford S. Worthy April 25, 1988
  4. Cite error: The named reference ChicagoTribuneOwnLessThanHalf was invoked but never defined (see the help page).
  5. Geolo Capital: John Pritzker - Founding Partner and Director retrieved July 21, 2013
  6. ^ W Magazine: "Pritzker's Prize by Jane Larkworthy August 2010
  7. ^ Hotel Management Magazine: "One on One with John Pritzker" By Ruthanne Terrero Archived 2015-06-10 at the Wayback Machine January 21, 2011
  8. BusinessWeek: "A Hyatt Heir Who Thinks Small Is Beautiful" by Nadja Brandt February 16, 2012
  9. Honolulu star Bulletin: "Spa firm taps Hawaii for worldwide base" By Russ Lynch May 16, 2000
  10. Travel Weekly: "Steiner Leisure to buy stake in Mandara Spa" July 2, 2001
  11. ^ Chicago Tribune: "The Pritzker family tree" By Melissa Harris and Julie Wernau December 18, 2011
  12. San Francisco Gate: John Pritzker, Hyatt heir, likes boutique hotels" by Nadja Brandt February 19, 2012
  13. San Francisco Business Journal: "Commune is all inn" by Renée Frojo November 30, 2012
  14. "Geolo Capital". www.geolo.com. Retrieved 2016-04-08.
  15. Harris, Melissa; Wernau, Julie (December 18, 2011). "The Pritzker family tree". Chicago Tribune.
  16. https://unicourt.com/case/ca-sfc-john-pritzker-vs-lisa-stone-pritzker-480007
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