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Hyatt Hotels Reveals Planned Acquisition Of The Brands And Most Of The Affiliates Of Standard International, Parent Company Of The Standard And Bunkhouse Hotels Brands

Author: Benzinga Newsdesk | August 20, 2024 04:51pm

Upon closing, Hyatt will pay a base purchase price of $150 million, with up to an additional $185 million over time as additional properties enter the portfolio. Stabilized fees associated with the base purchase price are anticipated to be approximately $17 million and, to the extent the contingent purchase price is paid, additional stabilized fees are anticipated to be up to approximately $30 million.

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