Where does the Hyatt hotel name come from? The Hyatt Corporation was born upon purchase of the Hyatt House, at Los Angeles International Airporton September 27, 1957. The Hyatt Hotel Los Angeles which opened Dec 1st, 1…954 is considered to be the first hotel in the world built outside of an airport. The original owners were entrepreneurs, Hyatt R. von Dehn (a Dutchman) and Jack D. Crouch.