Originally Posted by
peteropny
The PH Chicago, I believe is owned by Hyatt corporation, perhaps that's also a factor in the agreement.
There could be reasons why intracompany transactions -- including payments/transfers between wholly-owned/controlled subsidiaries or between sub and parent -- may be priced substantially higher than more arms-length transactions. I don't know if that is applicable to Hyatt's situation or not, but it could well be.