In October, the renovation will resume on the remaining 79 guest rooms and all function space. Renovations are expected to be completed by next year when the property will be refurbished to a fusion of Spanish colonial architecture. The Hyatt at East Beach is the newest addition to a collection of 23 Hyatt brand properties offering contemporary rooms and the expertise of insiders to help guests make the most of their stay, Prescott said. Founded by Jay Pritzker in 1957, the Hyatt Co. is more than 60 percent controlled by Chicago's Pritzker family. A group of Pritzker family members operated the Mar Monte since 1986. After about an eight-month delay, Hyatt's name comes to the South Coast in the face of stalled building projects, including those at the defunct Miramar Resort, suspended El Encanto renovation, and the still uncertain completion of Fess Parker's boutique hotel and half-finished hostel. Despite this, South Coast hotels are reporting an up tick in occupancy this summer.