Hyatt Reportedly Set to Acquire Hotel Operator Standard International

Hyatt Hotels is on the verge of finalizing a significant acquisition, with reports suggesting the company is close to purchasing the boutique hotel operator Standard International. Bloomberg has indicated that negotiations are in the “advanced stages,” although the deal is not yet completed and could still face complications.

A Hyatt spokesperson, when contacted by Bloomberg, did not confirm the specifics of the deal but reiterated the company’s commitment to “asset-light growth through both organic expansion and strategic acquisitions.”

Standard International, known for its trendy and celebrity-frequented properties, has a portfolio that includes locations in London, Ibiza, the Maldives, Melbourne, Miami, and New York. The acquisition would bolster Hyatt’s luxury offerings and enhance its presence in popular tourist destinations.

Hyatt’s recent acquisition strategy includes brands such as Ali, Thompson Hotels, and Apple Leisure Group, alongside its existing luxury brands like Andaz, Atona, Breathless Resorts & Spas, and Miraval. The company has also been actively expanding its global footprint with new property openings across Latin America and Southwest Asia.

The potential purchase of Standard International aligns with Hyatt’s ongoing efforts to broaden its luxury portfolio and appeal to high-end travelers seeking unique and upscale experiences.