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Hyatt Completes Dream Hotel Group Acquisition
Hyatt Hotels Corporation has completed the hotel acquisition of the Dream Hotel Group portfolio.
Hyatt now controls the Dream Hotels, The Chatwal and Unscripted brands.
The acquisition includes 12 lifestyle hotels, with another 24 signed long-term management agreements
The acquisition welcomes more than 600 new staff members.
It extends Hyatt’s brand footprint in destinations including Nashville, Las Vegas, Saint Lucia, Doha and New York City.
It will also include new markets such as the Catskills in New York and Valle de Guadalupe in Mexico.
“This is an exciting chapter as we expand our lifestyle offerings,” said Mark Hoplamazian, Hyatt CEO.
“Together, we will carefully preserve the spirit and individual identities of the hotels.”
Dream Hotel Group founder Sant Singh Chatwal continues as an owner of four open and two upcoming hotels.
Former Dream Hotel Group CEO Jay Stein is joining Hyatt as Head of Dream Hotels to guide the integration.
Dream Hotels will join as a brand within Hyatt’s Boundless Collection.
The Chatwal and Unscripted Hotels brands will be integrated, joining The Unbound Collection and JdV by Hyatt, respectively.
Learn more about : World of Hyatt ( N. America )
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