Hyatt Hotels Corporation (NYSE: H) today announced the completion of the Dream Hotel Group lifestyle hotel brand and management platform acquisition, bringing a vibrant portfolio of lifestyle hotel brands – including Dream Hotels, The Chatwal and Unscripted Hotels – into the Hyatt portfolio. The asset-light acquisition includes 12 lifestyle hotels (nine managed and three licensed), with another 24 signed long-term management agreements for hotels expected to open in the future.
Hyatt to acquire Dream Hotel Group, Cadogan Estates acquires The Draycott Hotel in London, Peakside Capital acquires the Grandhotel Hessischer Hof hotel in Frankfurt from Prinz von Hessen.
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