Hyatt to Acquire Luxury Booking Platform Mr & Mrs Smith

Hyatt Hotels Corporation | May 1, 2023

CHICAGO (May 1, 2023) – Hyatt Hotels Corporation (NYSE: H) and Mr & Mrs Smith today announced an agreement for a Hyatt affiliate to acquire London-based Mr & Mrs Smith, a platform offering direct booking access to a carefully curated and growing collection of over 1,500 boutique and luxury properties in some of the world’s most desirable locations. Hyatt will acquire 100 percent of the asset-light Mr & Mrs Smith platform for an enterprise value of £53.0 million in cash consideration. “We are excited by this planned acquisition and to explore bringing guests and World of Hyatt members even more global luxury offerings...