Hyatt Hotels Corporation (NYSE: H) has reported fourth quarter 2017 financial results, the company said.
Net income attributable to Hyatt was USD 76 million, or USD 0.62 per diluted share, in the fourth quarter of 2017, compared to USD 41 million, or USD 0.31 per diluted share, in the fourth quarter of 2016. Net income in the fourth quarter of 2017 included a USD 217 million gain from the sale of Avendra, LLC, an equity method investment, and USD 110 million of incremental tax attributable to recent US tax reform.
Adjusted net income attributable to Hyatt was USD 29 million, or USD 0.23 per diluted share, in the fourth quarter of 2017, compared to USD 39 million, or USD 0.29 per diluted share, in the fourth quarter of 2016. Refer to the table on page 4 of the schedules for a summary of special items impacting Adjusted net income and Adjusted earnings per share in the three months ended December 31, 2017.
Hyatt Hotels Corporation, headquartered in Chicago, is a global hospitality company with a portfolio of 14 premier brands. As of December 31, 2017, the company´s portfolio included more than 700 properties in more than 50 countries across six continents. The company´s subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park HyattÂ®, MiravalÂ®, Grand HyattÂ®, Hyatt RegencyÂ®, HyattÂ®, AndazÂ®, Hyatt CentricÂ®, The Unbound Collection by HyattÂ®, Hyatt PlaceÂ®, Hyatt HouseÂ®, Hyatt Zivaâ¢, Hyatt Zilaraâ¢, Hyatt Residence ClubÂ® and exhaleÂ® brand names. For more information, visit www.hyatt.com.