Hyatt to Further Strengthen Position in Luxury With Plans to Acquire Mr & Mrs Smith
Hyatt Hotels Corporation and Mr & Mrs Smith announced an agreement for a Hyatt affiliate to acquire London-based Mr & Mrs Smith, a platform offering direct booking access to a collection of over 1,500 boutique and luxury properties around the world. Hyatt will acquire 100 percent of the Mr & Mrs Smith platform for an enterprise value of £53.0 million in cash consideration. “We are excited by this planned acquisition and to explore bringing guests and […]
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