Hyatt Hotels Corporation (H) is nearing a finalization of an acquisition agreement with boutique hotel operator Standard International. According to sources cited by Bloomberg, this potential acquisition aligns with Hyatt's strategy to broaden its portfolio by adding luxury properties in prime tourist locations.
Negotiations are reportedly in advanced stages, with Standard International recognized for its establishments in London, Ibiza, the Maldives, and Melbourne, among others. However, it is important to note that while discussions are progressing, the deal has not been finalized and there remains a possibility that it may not come to fruition.
