CHICAGO, Illinois—Hyatt Hotels Corporation announced the planned acquisition of the brands and most of the affiliates of lifestyle company Standard International, the parent company of The Standard and Bunkhouse Hotels brands. This move builds on Hyatt’s organic growth and acquisitions that quintupled the number of lifestyle rooms in Hyatt’s global portfolio between 2017 and 2023. The transaction is anticipated to close later this year, subject to customary closing conditions. With this transaction, Hyatt will form […]

The post Hyatt Shares Plans to Acquire Standard International appeared first on LODGING Magazine.

This post was originally published on this site