Hyatt Hotels Corporation announced on 02FEB the completion of its acquisition of the Dream Hotel Group lifestyle hotel brand, bringing a portfolio of lifestyle hotel brands – including Dream Hotels, The Chatwal and Unscripted Hotels – into the Hyatt portfolio. The acquisition includes 12 lifestyle hotels with another 24 signed long-term management agreements for hotels expected to open in the future.
The acquisition extends Hyatt’s footprint in destinations including Nashville, Hollywood, Las Vegas, South Beach, Saint Lucia, Doha and several new locations 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 chief executive officer, Hyatt.
Dream Hotels will join as a brand within Hyatt’s Boundless Collection. The Chatwal and Unscripted Hotels brands will be welcomed into Hyatt’s Independent Collection, joining The Unbound Collection by Hyatt and JdV by Hyatt brands, respectively.
For more information, visit Hyatt's web site.