Hyatt to acquire Standard International for $335m.

Hyatt Hotels, a global hospitality company, agreed to acquire Standard International, a company that develops and operates hotels and branded residences as well as restaurants, bars, nightclubs and spas, for $335m. “The team behind Standard International has created a unique and award-winning portfolio of brands and properties that turn the status quo on its head and have attracted a loyal following among the most discerning lifestyle guests for the past 25 years. These properties truly drive the zeitgeist, creating destinations unto themselves with celebrated and talked-about programming and events, such as the Met Gala afterparty. We are thrilled to welcome Standard International’s properties and team to the Hyatt family with the newly created lifestyle group and draw on their brilliance, creativity, culture and innovation,” Mark Hoplamazian, Hyatt President and Chief Executive Officer.