Hyatt Hotels is buying independent hotel operator Two Roads Hospitality for $480 million, increasing its investment in lifestyle brands. After the deal closes later this year, Chicago-based Hyatt will combine brands such as Andaz and Hyatt Centric with Two Roads’ Thompson Hotels and Alila Hotels & Resorts to create a new lifestyle division, according to Bloomberg. The firm will also invest up to $120 million Two Roads, Hyatt said in a statement. The deal gives […]
source https://therealdeal.com/chicago/2018/10/08/hyatt-buying-lifestyle-hotel-chain-two-roads/#new_tab
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