Hyatt will be in a position to launch an initial public offering "by the end of the year", according to Tom Pritzker, the company's chairman and chief executive.

In a rare interview, Mr Pritzker said Hyatt would be compliant with Sarbanes-Oxley rules for quoted companies by the end of 2006, following a three-year restructuring and consolidation of the family's hospitality investments on a single balance sheet.

He declined to comment on whether Hyatt would launch an IPO but said the restructuring "gives us options we didn't have before".

"We will be tax compliant, we will be able to file financial statements on a timely basis," he said. "Could we go public? Yes, we could go public. Could we merge with someone? Yes, we could merge with someone."

Get the full story at MSN Money