The hyperbolic algebra A h , studied recently by Katavolos and Power [5], is the weak star closed operator algebra on L 2 (R) generated by H ∞ (R), as multiplication operators, and by the dilation operators V t , t ≥ 0, given by V t f (x) = e t/2 f (e t x). We show that A h is a reflexive operator algebra and that the four dimensional manifold Lat A h (with the natural topology) is the reflexiv...