Hyatt Hotels Corporation has signed an agreement to purchase a portfolio of assets from LodgeWorks, L.P., a private hotel development, ownership and management company, and its private equity partners.
The acquisition includes 24 hotels and related assets, including management, franchise and intellectual property rights for an aggregate purchase price of approximately $802 million in cash. Key members of the LodgeWorks management and development team are expected to join Hyatt as part of...
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