Hyatt ® Hotels Corporation officially completed the acquisition of Standard ® International for $335 million
Hyatt Hotels Corporation officially completed the acquisition of Standard International on October 1, 2024, bringing the iconic The Standard and Bunkhouse Hotels brands into its portfolio.
Deal Details & Value:
Total Potential Value: The deal is valued at up to $335 million.
Structure: Hyatt paid a base purchase price of $150 million upon closing, with up to an additional $185 million in contingent payments as more properties enter the portfolio.
New Entity: The acquired brands will become part of a new dedicated lifestyle group within Hyatt, led by former Standard International Executive Chairman Amar Lalvani as President and Creative Director.
