Hyatt Hotels is in “advanced talks” to acquire upscale boutique hotel operator Standard International, Bloomberg reports
Jul 22, 2024
Hyatt has been scooping up hotel brands in recent years, doubling the number of luxury rooms and tripling the number of resort rooms since 2017.
Key takeaways
- Founded by legendary hotelier Andre Balazs, the Standard Hotel brand has always been known for its celebrity-dense, hipper-than-thou vibe.
- The company’s stable currently includes about 20 hotels under either the flagship Standard Hotels brand or sister brands Bunkhouse and The Peri Hotel.
- The company has said it plans to open up to a dozen new hotels over the next five years in locations such as Brooklyn, Austin, Mexico, Vancouver, Vienna, Khao Yai, Nashville and Pattaya.
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