Hyatt files for billion dollar-plus IPO

Hotel chain operator Hyatt has made the filing necessary to make an initial public offering under the ticker "H" in the near future, according to Bloomberg News.

Hyatt has 413 properties on six continents with close to 120,000 rooms in all, and the offering could be worth up to $1.15 billion as the controlling Pritzker family and Goldman Sachs (GS) sell some or all of their stakes.