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Hyatt Hotels acquires Standard International for over 0.3 billion US dollars
Hyatt Hotels announced on Tuesday that it will acquire Standard International, the parent company of Standard and Bunkhouse hotel brands, to create a new lifestyle hotel brand. The company will acquire the boutique hotel operator's brands and most of its subsidiaries for a base price of $0.15 billion, with an additional payment of up to $0.185 billion as more hotels enter the portfolio. Hyatt further expects stable expenses to be approximately $17 million, with additional expenses of about
