Hyatt Reportedly Poised to Buy Hotel Operator Standard International

Continuing a string of acquisitions focused on expanding its luxury property holdings, Hyatt Hotels is reported to be close to finalizing a deal to purchase hotel operator Standard International.

Bloomberg has reported that negotiations are in “advanced stages” between the two hotel companies. However, the deal has not yet been finalized and the news outlet added the deal could still fall through.

A Hyatt spokesperson contacted by Bloomberg declined to provide comment on the deal. The spokesperson however, added that Hyatt remains committed “to asset-light growth through both organic growth and strategic acquisitions.”

Separately, a representative for Standard International, declined to comment, per Bloomberg.

Over the past few years, Hyatt has purchased a variety of hotel brands, among them Ali, Thompson Hotels and Apple Leisure Group. The hotel giant’s brands also include Andaz, Atona, Breathless Resorts & Spas; Dreams Resorts & Spas; Miraval and more.

Hyatt has also been busy announcing a string of property openings around the world - from Latin America to Southwest Asia.

Boutique hotel operator Standard International has properties in London, Ibiza, the Maldives, Melbourne, Miami, New York and more. Standard Hotels are known for being hipster nightlife hot spots that regularly attract celebrities. Purchasing the brand will allow Hyatt to continue to broaden its luxury footprint in tourist destinations.

---

For the latest travel news, updates and deals, subscribe to the daily TravelPulse newsletter.

Topics From This Article to Explore