Hyatt to Acquire Two Roads

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Hyatt Hotels (NYSE: H) announced on October 8th it reached an agreement to acquire Two Roads Hospitality for $480M. The acquisition adds to Hyatt a unique collection of brands and an extensive development pipeline. The deal is expected to close later this year after which Two Roads’ and Hyatt’s lifestyle brands are to be combined into a new lifestyle division of the company. Geolo Capital, the investment arm of the John A. Pritzker family office built Two Roads over 9 years culminating in this sale and will retain ownership of hotels managed by Hyatt. Moelis & Company is financial advisor to Two Harbors Hospitality and Goldman Sachs is financial advisor to Hyatt Hotels Corporation.

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