He scribbled a bid for $2.2 million dollars on a napkin, and the Hyatt Corporation was born.
Elsinore was a wholly owned subsidiary of the Hyatt Corporation from 1972 to 1979, when it then became an independent company.
In 1984, the Hyatt Corporation reorganized the company and the airline flew once again using the Braniff name.
Vi is a distinct business entity from Hyatt hotels and Global Hyatt Corporation.
Major hotel companies like Marriott International and the Hyatt Corporation say they have done extensive research into the lodging preferences of this demographic group.
Earlier this year, Classic Residence, an affiliate of the Hyatt Corporation, contracted to buy the property and convert it into a retirement community.
Another $20 million would come from sale of a note Elsinore holds from the Hyatt Corporation.
The Pritzkers' broad holdings include the Hyatt Corporation.
United Airlines said it had signed a marketing agreement for its frequent-flier program with the Hyatt Corporation.
Another potential bidder is the Pritzker family of Chicago, which controls the Hyatt Corporation.