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SI acquisition leads Hyatt to consider lifestyle group - 0 views

www.asianhospitality.com/tt-to-consider-lifestyle-group

Hyatt-lifestyle-group Standard-International-acquisition Hyatt-asset-light-strategy hotel-development-NYC Amar-Lalvani-Hyatt

shared by asianhospitality on 03 Oct 24 - No Cached
  • asianhospitality on 03 Oct 24
     
    HYATT HOTELS CORP. is set to launch a lifestyle group following the acquisition of Standard International, the parent company of The Standard and Bunkhouse Hotels. The new group would focus on developing future projects included in the acquisition. Amar Lalvani, former executive chairman of Standard International, will serve as president and creative director of the new group. It will be headquartered in New York City, with additional offices in Austin and Bangkok, Hyatt said in a statement. "The lifestyle segment isn't for the faint of heart; it takes creativity and commitment," said Lalvani. "But if you get it right, you reap the benefits of strong guest loyalty and developer returns. Hyatt respects the creativity needed to deliver our experiences, while we value Hyatt's history, global infrastructure, and commercial services."
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