Please let us know if you have feedbackHyatt Hotels Corp. is in “advanced” talks to acquire boutique hotel company Standard International, which operates luxury properties across the world, Bloomberg reported Wednesday. If Hyatt were to strike a deal with the company, those properties would presumably come under Hyatt’s portfolio. Portfolio growthIn June 2023, Hyatt acquired the luxury hotel platform Mr & Mrs Smith and has since added more than 700 boutique and luxury hotels and villas to its portfolio through the deal. And last month, Hyatt bought the German lifestyle hotel brand Me and All, adding six hotels and furthering its growth plans across Europe. And IHG Hotels & Resorts, Choice Hotels International and Wyndham Hotels & Resorts all have more loyalty members than Hyatt.

Source: International New York Times July 19, 2024 05:33 UTC