Hyatt to acquire Standard International for $150M, aiming to expand lifestyle brands in urban markets.
Hyatt Hotels Corporation plans to acquire Standard International, a boutique hotel company, for $150 million, with potential for an additional $185 million. The acquisition aims to expand Hyatt's lifestyle brands and boost its presence in key urban markets. Standard International owns 21 open hotels across five brands, including the luxury lifestyle brand The Standard. The deal, subject to approvals, is expected to close later this year.
August 20, 2024
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