Hyatt Completes Acquisition of Dream Hotel Group
Hyatt Hotels Corporation completed its acquisition of the Dream Hotel Group lifestyle hotel brand and management platform, bringing a portfolio of lifestyle hotel brands – including Dream Hotels, The Chatwal and Unscripted Hotels – into the Hyatt portfolio. The asset-light acquisition includes 12 lifestyle hotels, with another 24 signed long-term management agreements for hotels expected to open in the future.
The acquisition extends Chicago-based Hyatt’s brand footprint in strategic destinations including Nashville, Hollywood, Las Vegas, South Beach, Saint Lucia, Doha and several new locations new in New York City. It will also include new markets such as the Catskills in New York and Valle de Guadalupe in Mexico.
“Hyatt’s acquisition of Dream Hotel Group represents an exciting chapter in our asset-light growth as we expand our lifestyle offerings, providing global travelers with an increased number of elevated experiences – now, and in the future,” said Mark Hoplamazian, president and CEO, Hyatt.