Hyatt Eyes Standard International To Expand Luxury Portfolio: Report
Portfolio Pulse from Shivani Kumaresan
Hyatt Hotels Corp (NYSE:H) is reportedly close to acquiring boutique hotel operator Standard International, continuing its expansion into luxury properties. The deal, still in negotiation, would enhance Hyatt's portfolio in popular leisure destinations. Hyatt's stock has gained over 29% in the last year, and investors can also gain exposure through Invesco Leisure And Entertainment ETF (NYSE:PEJ) and Invesco S&P MidCap 400 Pure Growth ETF (NYSE:RFG).
July 18, 2024 | 10:26 am
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POSITIVE IMPACT
Hyatt Hotels Corp is in advanced negotiations to acquire Standard International, which would expand its luxury hotel portfolio. This move aligns with Hyatt's strategy of asset-light growth through strategic acquisitions.
The acquisition of Standard International would significantly enhance Hyatt's luxury offerings, likely boosting investor confidence and potentially driving the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Invesco Leisure And Entertainment ETF (NYSE:PEJ) provides exposure to Hyatt Hotels Corp, which is in advanced talks to acquire Standard International. This acquisition could positively impact the ETF's performance.
As PEJ holds Hyatt Hotels Corp, the potential acquisition of Standard International by Hyatt could positively impact the ETF's performance, given the expected boost in Hyatt's stock price.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Invesco S&P MidCap 400 Pure Growth ETF (NYSE:RFG) includes Hyatt Hotels Corp, which is in advanced negotiations to acquire Standard International. This acquisition could enhance the ETF's performance.
RFG holds Hyatt Hotels Corp, and the potential acquisition of Standard International by Hyatt could positively impact the ETF's performance due to the expected increase in Hyatt's stock price.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 50