Hyatt Hotels is buying independent hotel operator Two Roads Hospitality for $480 million, increasing its investment in lifestyle brands.After the deal closes later this year, Chicago-based Hya Addition of Alila, Destination, ... Hyatt Completes Acquisition of Two Roads Hospitality. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Hyatt Hotels Corporation has announced an agreement to acquire Two Roads Hospitality, the international lifestyle hotel management company. Earlier this week, after much speculation, Hyatt announced that they were acquiring Two Roads Hospitality for a base price of $480 million. Article - Hyatt Acquires Two Roads Hospitality and Associated Hotel Brands for $600 Million - All of Two Roads' hotel brands - Alila Hotels & Resorts, Destination Hotels, Joie de Vivre Hotels, Thompson Hotels and tommie - will join HyattÂ’s portfolio. +1 312 780 5539 “For hotel owners, our platform will deliver opportunities for enhanced operational excellence and financial performance. We do not undertake or assume any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. Hyatt plans to include Two Roads’ properties in its World of Hyatt loyalty program, but such properties are not currently participating. “Hyatt’s unique position in the marketplace brings with it the powerful benefit of global scale while maintaining meaningful personal relationships with team members, guests and owners.”. Goldman Sachs & Co. LLC served as exclusive financial advisor to Hyatt; Moelis & Company LLC served as exclusive financial advisor to Two Roads Hospitality; Latham & Watkins LLP served as legal counsel to Hyatt; Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to Two Roads Hospitality. CHICAGO—October 8, 2018– Hyatt Hotels Corporation (NYSE: H) today announced an agreement to acquire Two Roads Hospitality, an international lifestyle hotel management company with a unique collection of distinctive brands, properties and a robust development pipeline around the globe. In October 2018, Hyatt announced their purchase of Two Roads Hospitality, a lifestyle hotel management company, for a base purchase price of $480 million. As of September 30, 2018, the Company's portfolio included more than 750 properties in more than 55 countries across six continents. Factors that may cause actual results to differ materially from current expectations include, among others, the risks discussed in the Company’s filings with the SEC, including our annual report on Form 10-K and subsequent reports, which filings are available from the SEC. Goldman Sachs & Co. LLC served as exclusive financial advisor to Hyatt; Moelis & Company LLC served as exclusive financial advisor to Two Roads Hospitality; Latham & Watkins LLP served as legal counsel to Hyatt; Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to Two Roads Hospitality. These statements include, but are not limited to, statements related to the Company’s outlook, estimated Adjusted EBITDA contribution of the transaction, estimated integration-related costs of the transaction, plans, objectives, goals, expectations, beliefs, business strategies, future events, business conditions, business trends and expectations, and involve known and unknown risks that are difficult to predict. “Hyatt and Two Roads share a commitment to genuine care and delivering distinctive experiences to discerning travelers,” said Mark Hoplamazian, president and chief executive officer for Hyatt Hotels Corporation. We are pleased to have completed this exciting transaction, and we welcome Two Roads associates to Hyatt.”. Hyatt Hotels Corporation announced an agreement to acquire Two Roads Hospitality, an international lifestyle hotel management company with a unique collection of distinctive brands, properties and a robust development pipeline around the globe.. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. Hyatt Hotels Corp. on Monday announced its intent to acquire boutique hotel company Two Roads Hospitality for a base price of $480 million. Media Contact As part of the acquisition, Hyatt is establishing a new dedicated lifestyle division to combine the operations of Two Roads’ and Hyatt’s lifestyle brands. With this acquisition, Hyatt will take over management agreements for the majority of the 85 properties in eight countries that belong to … Importantly, combining Two Roads’ meaningful brand presence and development plans in Asia with Hyatt’s already strong position in this region will allow us to accelerate expansion in this critically important and fast-growing part of the world.”. As a result of the revised transaction terms, Hyatt expects the 2019 Adjusted EBITDA contribution prior to non-recurring integration-related costs to be approximately $20-25 million. CHICAGO (November 30, 2018) – Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt has completed the previously announced acquisition of Two Roads Hospitality, a lifestyle hotel management company with a unique collection of distinctive brands, outstanding properties and a significant global development pipeline. The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates. Hyatt Hotels Corporation, a premium luxury hotel chain, said on Monday that it will be acquiring Two Roads Hospitality. The base plus contingent total purchase price is expected to reflect an EBITDA multiple of approximately 12-13x stabilized 2021 earnings, which Hyatt considers the best indicator of valuation based on anticipated synergies and growth. Explore development opportunities with Hyatt Hotels Corporation and discover the difference of world-class brands, innovative design, operational excellence, … Hyatt Hotels Corporation H closed its previously announced acquisition deal with lifestyle hotel management company Two Roads Hospitality.The acquisition took … “Hyatt is an ideal home for us as we share many values and a deep commitment to thoughtful growth and creating compelling experiences for our guests,” said Jamie Sabatier, chief executive officer, Two Roads Hospitality. Through the addition of Two Roads, its brands and management agreements for the majority of its 85 properties, Hyatt will expand its presence into 23 new markets through a mix of resorts, hotels and residences. With the addition of five established lifestyle brands – Alila, Destination, Joie de Vivre, Thompson, and tommie – Hyatt has expanded its brand presence into 23 new markets with management and license agreements for 74 open and operating hotels across North America and Asia, and a robust pipeline of signed management agreements. Hyatt Hotels Corporation has completed its acquisition of Two Roads Hospitality. “We will leverage the shared expertise of Hyatt and Two Roads across our powerful combined portfolio of 19 brands to bring best-in-class offerings for guests around the globe,” said Mark Hoplamazian, president and CEO, Hyatt Hotels Corporation. Hyatt Hotels Corporation today announced an agreement to acquire Two Roads Hospitality, an international lifestyle hotel management company with a collection of distinctive brands, properties and a robust development pipeline around the globe. Alila Yangshuo – Two Roads Hospitality. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. Hyatt has announced an agreement to purchase lifestyle hotel management company Two Roads Hospitality. Hyatt Completes Acquisition of Two Roads Hospitality, Lowe Makes Statement on Its Part in the Sale of Two Roads Hospitality to Hyatt, Geolo Capital Agrees to Sell Two Roads Hospitality to Hyatt Hotels, Hyatt’s 40th Anniversary Brings Global Luxury Portfolio Expansion Plans.
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