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hotels successful. Data were also exchanged on candidates for
promotion to various positions.
V. Agreements Between Hyatt International Group Entities and
Hotel Owners11
A. Hyatt Aryaduta Jakarta Agreement
On December 18, 1975, the owners of the Aryaduta
(Ambassador) Hotel located in Jakarta, Indonesia, and HHK entered
into a 10-year management agreement. The owners agreed to
refurbish the existing hotel and to complete certain unfinished
floors. The parties agreed that the hotel name would be changed
to the “Hyatt Aryaduta Hotel”. In the early 1980’s, Andre Pury,
the Hyatt International regional director for Indonesia,
initiated negotiations with the Hyatt Aryaduta Hotel owners for
further renovations and an extension of the management contract.
On October 16, 1981, the owners entered into an agreement with
IPS for the renovation, but the work was delayed for several
years.
Around the same time, Mr. Pury located a group of investors
interested in constructing a new hotel in Jakarta to be known as
the Grand Hyatt Jakarta. Included in the investor group was the
son of Indonesia’s President Suharto. The new hotel was intended
to be at the top end of the Jakarta hotel market, in contrast to
11 Only selected agreements have been addressed in the
findings of fact to show patterns or the types of contractual
relationships that were utilized.
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