Hyatt Hotels Reveals Planned Acquisition Of The Brands And Most Of The Affiliates Of Standard International, Parent Company Of The Standard And Bunkhouse Hotels Brands
Portfolio Pulse from Benzinga Newsdesk
Hyatt Hotels plans to acquire the brands and most affiliates of Standard International, including The Standard and Bunkhouse Hotels, for a base price of $150 million, with potential additional payments of up to $185 million. Stabilized fees are expected to be $17 million, with potential additional fees of up to $30 million.
August 20, 2024 | 8:51 pm
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Hyatt Hotels is acquiring Standard International's brands for $150 million, with potential additional payments up to $185 million. This acquisition could enhance Hyatt's portfolio and revenue streams.
The acquisition of Standard International's brands by Hyatt Hotels is a strategic move to expand its portfolio and potentially increase its revenue streams. The base purchase price of $150 million, with additional payments up to $185 million, indicates a significant investment. The anticipated stabilized fees of $17 million, with potential for $30 million more, suggest a positive financial impact. This acquisition aligns with Hyatt's growth strategy, likely leading to a positive short-term impact on its stock price.
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