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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, |
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 industrial corporations. In 1957, Pritzker bought a 100 room motel, the Hyatt House, at LAX airport which quickly grew to become Hyatt Hotels & Resorts. In 2002, the family agreed to a plan to divest much of the family holdings and divide the funs among the 11 cousins in that generation. | ||
| ==Career== | ==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.<ref> retrieved July 21, 2013</ref> In 1988, he left Hyatt to pursue his own entrepreneurial activities,<ref name=WMag> August 2010</ref> including ].<ref name=HotelManagementmag> {{webarchive|url=https://web.archive.org/web/20150610204159/http://www.hotelmanagement.net/one-on-one-with-john-pritzker |date=2015-06-10 }} January 21, 2011</ref> In 1996, he formed ],<ref> February 16, 2012</ref> a chain of 72 resort spas. In 2000, 40% of the company was sold to '']''<ref> May 16, 2000</ref> In 2001, the remaining 60% was sold to ''Steiner Leisure Limited'', a ] (STNR) listed company.<ref name=HotelManagementmag /><ref> July 2, 2001</ref> In 2005, Pritzker founded the private equity firm Geolo Capital with his Mandara business partner Tom Gottlieb;<ref name=WMag /> Geolo Capital |
In 1972, Pritzker started his career working in the family business, Hyatt Hotels, where Pritzker worked every position in 13 Hyatt hotels. In 1984, he rose to become Managing Director and Divisional Vice President.<ref> retrieved July 21, 2013</ref> In 1988, he left Hyatt to pursue his own entrepreneurial activities,<ref name=WMag> August 2010</ref> including ].<ref name=HotelManagementmag> {{webarchive|url=https://web.archive.org/web/20150610204159/http://www.hotelmanagement.net/one-on-one-with-john-pritzker |date=2015-06-10 }} January 21, 2011</ref> In 1996, he formed ],<ref> February 16, 2012</ref> a chain of 72 resort spas. In 2000, 40% of the company was sold to '']''<ref> May 16, 2000</ref> In 2001, the remaining 60% was sold to ''Steiner Leisure Limited'', a ] (STNR) listed company.<ref name=HotelManagementmag /><ref> July 2, 2001</ref> In 2005, Pritzker founded the private equity firm, Geolo Capital, with his Mandara business partner, Tom Gottlieb;<ref name=WMag /> Geolo Capital focuses on investments in hospitality, entertainment, and health & wellness companies.<ref name=ChicagoTribunePritzkerFamily> December 18, 2011</ref> 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 ] boutique hotel chain. In October 2011, Geolo Capital merged the 30 hotel Joie de Vivre chain with the 12 hotel Thompson Hotel Group<ref name=ChicagoTribunePritzkerFamily /> to form ]<ref name=ForbesBillionaires /><ref> February 19, 2012</ref> where Pritzker served as chairman. In 2012, Commune operated 46 hotels, which generated $450 million in revenues.<ref> November 30, 2012</ref> 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.<ref>{{Cite web|url = http://www.geolo.com|title = Geolo Capital|website = www.geolo.com|access-date = 2016-04-08}}</ref> In November 2018, Two Roads Hospitality closed on its sale to Hyatt Corporation for a reported price of $480 million. | ||
| ==Personal life and philanthropy== | ==Personal life and philanthropy== | ||
| Pritzker |
Pritzker is a father of three children three children.<ref name=ForbesBillionaires /><ref>{{Cite web|last1=Harris |first1=Melissa |last2=Wernau |first2=Julie |authorlink= |title=The Pritzker family tree |publisher=]|date=December 18, 2011 |url=http://articles.chicagotribune.com/2011-12-18/business/ct-biz-1218-pritzkers-family-graphic--20111218_1_primary-residence-three-children-family-tree |accessdate=}}</ref><ref>https://unicourt.com/case/ca-sfc-john-pritzker-vs-lisa-stone-pritzker-480007 {{Dead link|date=February 2022}}</ref> 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 and Behavioral Science at the University of California San Francisco (UCSF), where the JPFF funded the construction of the UCSF Nancy Friend Pritzker Building for Psychiatry, and the Pritzker Center for Photography at the San Francisco Museum of Modern Art. He serves on the Executive Committee of the Metropolitan Museum of Art and the Executive Council of UCSF Health.{{Citation needed|date=May 2021}} | ||
| 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.{{Citation needed|date=May 2021}} | 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.{{Citation needed|date=May 2021}} | ||
Revision as of 18:28, 31 May 2022
| John A. Pritzker | |
|---|---|
| Born | 1953 (age 71–72) Chicago, Illinois, US |
| Education | Menlo College (BA) University of Denver |
| Occupation(s) | Private equity, philanthropy |
| Known for | Founding Partner/Director |
| Children | 3, including Adam Pritzker |
| Parent(s) | Jay Pritzker Marian "Cindy" Friend |
| Relatives | Thomas 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 industrial corporations. In 1957, Pritzker bought a 100 room motel, the Hyatt House, at LAX airport which quickly grew to become Hyatt Hotels & Resorts. In 2002, the family agreed to a plan to divest much of the family holdings and divide the funs among the 11 cousins in that generation.
Career
In 1972, Pritzker started his career working in the family business, Hyatt Hotels, where Pritzker worked every position in 13 Hyatt hotels. 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 focuses 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 where Pritzker served as chairman. 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 is a father of three children 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 and Behavioral Science at the University of California San Francisco (UCSF), where the JPFF funded the construction of the UCSF Nancy Friend Pritzker Building for Psychiatry, and the Pritzker Center for Photography at the San Francisco Museum of Modern Art. He serves on the Executive Committee of the Metropolitan Museum of Art and the Executive Council of UCSF Health.
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
- ^ Forbes: The World's Billionaires - John Pritzker June 2015
- 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
- CNN Money: "THE PRITZKERS UNVEILING A PRIVATE FAMILY" By Ford S. Worthy April 25, 1988
- Geolo Capital: John Pritzker - Founding Partner and Director retrieved July 21, 2013
- ^ W Magazine: "Pritzker's Prize by Jane Larkworthy August 2010
- ^ Hotel Management Magazine: "One on One with John Pritzker" By Ruthanne Terrero Archived 2015-06-10 at the Wayback Machine January 21, 2011
- BusinessWeek: "A Hyatt Heir Who Thinks Small Is Beautiful" by Nadja Brandt February 16, 2012
- Honolulu star Bulletin: "Spa firm taps Hawaii for worldwide base" By Russ Lynch May 16, 2000
- Travel Weekly: "Steiner Leisure to buy stake in Mandara Spa" July 2, 2001
- ^ Chicago Tribune: "The Pritzker family tree" By Melissa Harris and Julie Wernau December 18, 2011
- San Francisco Gate: John Pritzker, Hyatt heir, likes boutique hotels" by Nadja Brandt February 19, 2012
- San Francisco Business Journal: "Commune is all inn" by Renée Frojo November 30, 2012
- "Geolo Capital". www.geolo.com. Retrieved 2016-04-08.
- Harris, Melissa; Wernau, Julie (December 18, 2011). "The Pritzker family tree". Chicago Tribune.
- https://unicourt.com/case/ca-sfc-john-pritzker-vs-lisa-stone-pritzker-480007