Hyatt Hotels Corporation known and marketed as Hyatt Hotels & Resorts, American multinational hospitality group founded in 1957 headquartered in Chicago – Illinois - U.S. specialized in managing and business hotels, luxury resorts and several vacation properties completed the acquisition of STND INTL, Standard International.
Standard International is a renowned group on the forefront of hospitality branding, design, service delivery, culture ande experience creation, a company behind The Standard Bunkhouse Group, The Manner, the StandardX and the Peri Hotel with offices based in Austin, Bangkok, London and New York which develops and operates hotels and branded residences as well as bars, nightclubs restaurants and Spas in 7 countries.
The acquisition represents a significant and strategic step for Hyatt Hotels & Resorts in terms of global expansion and as reported travelmole.com, well known travel industry portal the 100% asset – light portfolio includes franchising, management and licensing agreements for 22 open hotels with approximately 2000 rooms available.
This remarkable transaction includes over 30 future projects with a signed agreement or letter of intent and a business operating in the residential sector with Standard Residences.
Link - https://www.ttgitalia.com/hotel/hyatt-completa-l-acquisizione-di-standard-international-LA21302393
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