Hyatt Hotels has completed the majority of its acquisition of Standard International.
Standard International is a company that owns the brands The Standard and Bunkhouse, providing approximately 2,000 rooms across 22 hotels in locations such as London, New York, and Bangkok, in addition to operating residence businesses in Miami, Lisbon, and Phuket. The acquisition includes these operations as well as over 30 projects for which contracts and letters of intent have been signed.
Over the next few months, Hyatt plans to launch a new lifestyle specialist group, headquartered in New York with offices in Austin and Bangkok.
