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Hyatt Hotels to Buy 24 Properties From LodgeWorks

Jul 15, 2011 10:20 AM

From the Chicago Tribune
Hyatt Hotels to Buy 24 Properties From LodgeWorks
In its largest acquisition in recent history, Chicago-based Hyatt Hotels Corp. announced Thursday that it will buy 24 hotels for $802 million in cash from LodgeWorks L.P. and its partners, and will bring on members of the company's management team. The acquisition will enable the company to introduce Hyatt-branded hotels to nine markets, the company said, and establish an extended-stay presence in 16 markets. Click here for the full story.

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