Making Sense of the Hyatt, NH Hotels, Minor International Saga Thus Far
Photo Credit: Pictured here is the NH Collection Palazzo Barocci. Parent company NH Hotel Group has been wooed by multiple companies this year, all of whom are hoping to acquire the Spanish hotel chain. NH Hotel Group
Skift Take
Would NH Hotel Group have been better off with Hyatt? Perhaps we’ll never know. But maybe there’s another company out there that isn’t afraid to get into a bidding war with Minor?
If you've been a bit bewildered by what's happening with Spanish hotel company NH Hotel Group, and its two suitors — Thai conglomerate, Minor International, and U.S.-based Hyatt Hotels & Resorts — you're not alone.
And although it appears that Hyatt has backed off of its pursuit of NH Hotel Group for now, its moves in this particular fray seem to hint at the company's future strategy.
Here, we take a look at what's transpired thus far, and what it all means for Hyatt, Minor, and NH Hotel Group.
A Brief Recap of What's Transpired
Hyatt Hotels & Resorts took some folks in the hospitality industry by surprise last Thursday when CEO Mark Hoplamazian sent a letter to the board of Spanish hotel company, NH Hotel Group, expressing Hyatt's interest in acquiring the company.
Hyatt's letter led to a series of interesting moves both by Hyatt and the other company vying to buy NH, Minor International.
NH would give either company a bigger footprint in the European market
