Hyatt in Advanced Talks to Acquire Standard Hotels
Skift Take
Major hotel groups continue to be eager to collect lifestyle and luxury brands.
Hyatt is close to a deal to buy Standard International, the operator of the upscale The Standard Hotels, according to reports on Thursday.
Talks between Hyatt and Standard "are in advanced stages," according to Bloomberg News sources, but "a deal could fall through."
"As a matter of policy, we don’t comment on questions of this nature," a Hyatt spokesperson told Skift. "We remain committed to asset-light growth through both organic growth and strategic acqui
