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Hyatt is in talks to acquire Standard Hotels. Discussions are in "advanced stages" but have not been finalized.
The first Standard Hotel property, The Standard Hollywood, opened on Sunset Boulevard in 1999 and closed during the pandemic. The original investors included Leonardo DiCaprio, Cameron Diaz, and Benicio del Toro.
Current Standard Hotels locations include New York's Meatpacking District and East Village; Miami Beach; London; Maldives; Ibiza; and Hua Hin.
In recent years, Hyatt has acquired Two Roads Hospitality (including Alila, Thompson, Destination Hotels), Apple Leisure Group, the me and all hotels brand from Lindner Hotels, and the Mr & Mrs Smith booking platform.
Generally speaking, these acquisitions have been positives for Hyatt by growing their footprint and making their loyalty program more attractive. The only clear exception is Mr & Mrs Smith because it resulted in the loss of their SLH Hotels partnership which was better for customers. Additionally, Hyatt has lost its MGM partnership to Marriott.
(HT: @crucker)
Emirates Airline has signed a Memorandum of Understanding (MoU) with Crypto.com to explore the integration of Crypto.com Pay as a payment option for its customers.
The National Right to Work Foundation has filed an amicus brief with the Wisconsin Court of Appeals in the case of Abbotsford Education Association v. Wisconsin Employment Relations Commission.
Flying Food Group has announced that a union employee at its Schiller Park, Illinois facility has filed a petition with the National Labor Relations Board (NLRB) seeking a vote to remove Unite Here Local 1 as the union representative for the...
The Lincoln Airport is set to embark on one of its most significant projects with the reconstruction of its runway.
Air New Zealand has launched Dream Seats, a nationwide initiative aimed at supporting New Zealanders in pursuing their dreams.
dnata Catering & Retail has entered into a management contract with PT IAS Hospitality Indonesia (IASH) to enhance the inflight catering business at Denpasar International Airport.
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