Hyatt Hotels Corp is in advanced talks to acquire Standard International, a boutique hotel operator.
Hyatt Hotels Corp is in advanced talks to acquire boutique hotel operator Standard International. This potential acquisition aligns with Hyatt's strategy to expand its luxury portfolio in popular tourist destinations, following its recent purchase of the 'me and all hotels' brand from Lindner Hotels. Standard International operates hotels in locations such as London, Ibiza, the Maldives, and Melbourne. While no final decision has been made, a deal could fall through.
July 18, 2024
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