Hyatt's Hoplamazian named 2025 Cornell Hospitality Icon
The award will be presented at the Cornell Icon & Innovator Awards in NYC on June 3
Mark Hoplamazian, Hyatt Hotels Corp. president and CEO, is the 2025 Cornell Hospitality Icon of the Year, an award established by the Cornell Peter and Stephanie Nolan School of Hotel Administration.
By Vishnu Rageev RFeb 03, 2025
Mark Hoplamazian, Hyatt Hotels Corp. president and CEO, has been named the 2025 Cornell Hospitality Icon of the Year. The award, established by the Cornell Peter and Stephanie Nolan School of Hotel Administration, will be presented at the Cornell Icon and Innovator Awards in New York City on June 3.
Appointed to his current role in December 2006, Hoplamazian has led Hyatt’s IPO, overseen its growth, and helped define its purpose over 18 years: to care for people so they can be their best, Cornell said in a statement.
“We are excited and honored to recognize Mark as this year’s Cornell Icon,” said Kate Walsh, dean of the Nolan Hotel School. “Mark is a tremendous leader who, with his deep care for every colleague, guest, and stakeholder, embodies the essence of hospitality. He leads Hyatt – and our industry – with heart, mind, and soul, and is an inspiration and model for our Cornell students. We could not think of a more fitting leader to honor as our Industry Icon.”
Previously, he was president of The Pritzker Organization, the financial and investment advisor to Pritzker family businesses. Over 17 years, he advised several family-owned companies, including Hyatt Hotels Corp. He also worked in international M&A at The First Boston Corp. in New York.
Hoplamazian serves on the executive committees of the American Hotel & Lodging Association, WTTC, and World Business Chicago. He is a Brand USA board member, chairman of Skills for Chicagoland’s Future, and part of the Henry Crown Fellowship’s Discovery Class. He also sits on the Commercial Club of Chicago’s civic committee, co-chairs its Public Safety Task Force, and is a VF Corporation board director.
Andrew Karolyi, dean of the Cornell SC Johnson College of Business, said the event reaffirms the Nolan Hotel School’s leadership in global hospitality and travel.
“We look forward to another successful Icon & Innovator Awards celebration this year,” he said. “Congratulations to the new awardees, but I also want to congratulate our exceptional Nolan School leadership, faculty, staff, students, and alumni. We are so proud.”
The Cornell Hospitality Icon and Innovator Awards is the Nolan School of Hotel Administration’s largest annual event, gathering global hospitality and travel leaders and serving as a key fundraiser for the school’s need-based scholarships.
In January 2024, Shatterproof, a national nonprofit tackling the U.S. addiction crisis, recognized Hoplamazian at its seventh Hospitality Heroes Reception in Los Angeles, held alongside the Americas Lodging Investment Summit, for mobilizing hospitality leaders to raise awareness and combat addiction stigma.
Sonesta launched Americas Best Value Studios, an extended-stay version of ABVI.
The model targets owners seeking limited front desk and housekeeping.
The brand meets demand for longer-term, value-focused stays.
SONESTA INTERNATIONAL HOTELS Corp. launched Americas Best Value Studios by Sonesta, an extended-stay version of its franchised brand, Americas Best Value Inn. The model targets owners seeking limited front desk and housekeeping, optional fitness center and lobby market along with standard brand requirements.
The brand aims to address the growing demand for longer-term, value-driven accommodations, Sonesta said in a statement.
"Americas Best Value Studios by Sonesta represents a strategic evolution of our trusted Americas Best Value Inn brand," Keith Pierce, Sonesta’s executive vice president and president of franchise development, said. "We are expanding our offerings to directly address the increasing demand within the extended-stay segment, providing a practical solution for travelers seeking longer-term lodging at value. This new brand type allows our local franchised owner-operators to tap into a growing market while maintaining the community-focused experience that Americas Best Value Inn is known for."
ABVI has a majority presence in secondary and tertiary markets, the statement said.
The extended-stay brand’s operational model features a front desk, bi-weekly housekeeping, on-site laundry and pet-friendly accommodations, Sonesta said. Guests can also earn or redeem points through the Sonesta Travel Pass loyalty program.
In August, Sonesta named Stayntouch its preferred property management system after a two-year review of its ability to support the company’s franchise model. The company operates more than 1,100 properties with more than 100,000 rooms across 13 brands on three continents.
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