Hyatt Hotels (H) reaches an agreement with Dream Hotel Group to acquire the latter's lifestyle hotel brand and management platform.
CHICAGO, November 29, 2022--Hyatt Hotels Corporation (NYSE: H) announced today the opening of Rancho Pescadero, the newest addition to The Unbound Collection. Immersed in the uncomplicated pleasures of Baja California Sur’s striking landscape, Rancho Pescadero raises the bar on responsible development with an environmentally conscious mindset and an elevated guest experience that redefines the traditional concept of destination wellness.
Hyatt Hotel Corp. said on Tuesday it would acquire Dream Hotel Group’s lifestyle hotel brands, including Dream Hotels, The Chatwal Hotels, and Unscripted Hotels. Hyatt would spend $125 million for the Dream Hotel Group’s dozen open hotels, with more than 1,700 guest rooms worldwide. Once fully on-boarded, Hyatt would generate management fees of about $12 million a year on […]