RFG - Hyatt Eyes Standard International To Expand Luxury Portfolio: Report | Benzinga
Hyatt Hotels Corp (NYSE:H) is reportedly close to finalizing a deal to acquire boutique hotel operator Standard International, continuing its trend of expanding luxury properties in popular leisure destinations.
Negotiations between Hyatt and Standard, which manages properties in London, Ibiza, the Maldives, and Melbourne, are in the advanced stages, reported Bloomberg, citing sources familiar with the matter.
Although no transaction has been completed yet, and the deal could still not take place.
A spokesperson for Hyatt said the hospitality major remains committed to “asset-light growth through both organic expansion and ...