⚡ Hyatt's Strategic Move

July 19, 2024

Jolt Your Hospitality IQ: Stay Ahead with the Latest News and Trends

Hyatt Hotels is in advanced talks to acquire Standard International, the company behind Standard Hotels, aiming to enhance its upscale boutique hotel portfolio and appeal to younger travelers with Standard's trendy, celebrity-favored brand. Read More.

AI and technology enhancements in hotels promise improved customer service, higher margins, and better booking experiences, while also reshaping relationships between hotel brands, management companies, and OTAs. Read More.

Less than two months after its $725 million Turtle Bay Resort purchase, Host Hotels & Resorts acquired 1 Hotel Central Park in Manhattan from Starwood Capital Group for $265 million. Read More.

Unionized Boston hotel workers are pushing for higher pay and preparing for a strike authorization vote as hotels nationwide face understaffing issues during the busy summer tourism season. Read More.

Toronto-based Skyline Investments has placed another four U.S. hotels under contract for sale after initially failing to sell its entire 15-hotel portfolio earlier this year. Read More.

LuxUrban Hotels announced that the underwriter of its public offering has fully exercised its over-allotment option, selling 34,500,000 shares for $5,865,000 helping LuxUrban raise funds for working capital and general corporate purposes, supporting its strategic expansion and operations under Master Lease Agreements for hotel properties. Read More.

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