Hyatt Hotels Corporation has completed its acquisition of Two Roads Hospitality. “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. The base purchase price is $480 million, with the potential for Hyatt to invest an additional $120 million. Alila Yangshuo – Two Roads Hospitality. After the close of the transaction, which is expected later this year, Hyatt will create a dedicated lifestyle division as a catalyst to bring together the operations of Two Roads’ and Hyatt’s lifestyle brands. Addition of Alila, Destination, Joie de Vivre, Thompson and tommie brands expands Hyatt’s lifestyle and wellbeing offerings for high-end travelers worldwide Acquisition price revised to $405 million from $480 million; additional potential consideration revised to $96 million from $120 million. Addition of Alila, Destination, ... Hyatt Completes Acquisition of Two Roads Hospitality. 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 plans to include Two Roads’ properties in its World of Hyatt loyalty program, but such properties are not currently participating. 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. 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. October 10, 2018 12:49 PM Eastern Daylight Time. Recognition “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. Lowe Reaches Agreement to Sell Two Roads Hospitality to Hyatt Hotels. Consistent with Hyatt’s long-term growth strategy to drive shareholder value, this investment in a high-growth, capital-light platform accelerates Hyatt’s evolution to a more fee-driven enterprise, funded by proceeds from an asset disposition program in which real estate has been monetized at an average multiple of approximately 16.5x EBITDA to date. 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.. Hyatt Hotels Corporation, a premium luxury hotel chain, said on Monday that it will be acquiring Two Roads Hospitality. 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. Two Roads’ brands are expected to join the World of Hyatt loyalty program in the near future, expanding opportunities for World of Hyatt members to earn and redeem points across more leisure-focused stay options and also driving hotel occupancy from a loyal group of travelers who spend more, stay more and book directly. “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. With Two Roads and its distinctive collection of lifestyle hotels, resorts and vacation residences, Hyatt will offer an expanded and more powerful portfolio of brands with best-in-class offerings to deliver compelling experiences and benefits for guests and World of Hyatt members, expand its relationship with valued hotel owners, and drive growth for shareholders. Prior to closing the transaction, the base purchase price for the acquisition was revised to $405 million from $480 million, and the aggregate potential additional consideration from Hyatt was revised to $96 million from $120 million. 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. 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. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. Hyatt Hotels Corporation will be acquiring Two Roads Hospitality, the company said in a statement on Monday.In India, Alila Diwa Goa and Alila Fort Bishangarh are the two properties that belong to Two Roads Hospitality. Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. 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 has announced an agreement to purchase lifestyle hotel management company Two Roads Hospitality. Alila Diwa Goa and Alila Fort Bishangarh are the two … Hyatt will be taking over the management contracts for many of Two Roads’ 85+ properties, allowing them to enter 23 new markets. Media Contact HONG KONG, CHINA- Media OutReach - December 4, 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. 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. Two Roads Hospitality’s boutique and … Franziska Weber The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™, Hyatt Residence Club® and Exhale® brand names. Explore development opportunities with Hyatt Hotels Corporation and discover the difference of world-class brands, innovative design, operational excellence, … +1 312 780 5539 With this acquisition, Hyatt will take over management agreements for the majority of the 85 properties in eight countries that belong to … Hyatt Hotels Corporation has announced an agreement to acquire Two Roads Hospitality, the international lifestyle hotel management company. Notably, Hyatt is making this growth investment in a year in which it has committed to return approximately $800 million of shareholder capital through a combination of share repurchases and a cash dividend. Addition of Alila, Destination, Joie de Vivre, Thompson and tommie brands expands Hyatt's lifestyle and wellbeing offerings for high-end travelers worldwide. franziska.weber@hyatt.com, Investor Contact Through the addition of Two Roads, its established lifestyle brands and the management agreements for the majority of its 85 properties in eight countries, Hyatt will expand its brand presence into 23 new markets while enhancing its offerings in lifestyle hotel experiences and wellbeing. 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. 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. The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates. On October 8th 2018, Hyatt Hotels Corporation announced an agreement to acquire 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. Hyatt will provide additional information related to the acquisition, including a preliminary estimate of 2019 earnings accretion, on its third quarter earnings call scheduled for October 31, 2018. The revised consideration reflects the exclusion of certain properties from the transaction, including properties not operated under the Two Roads brands and properties that will continue to be managed or licensed directly by an affiliate of sellers. “Hyatt and Two Roads share a commitment to genuine care and delivering distinctive experiences to discerning travelers. Get great content like this right in your inbox. “For hotel owners, our platform will deliver opportunities for enhanced operational excellence and financial performance. On November 30, 2018, the Company expanded its hotel and resort portfolio with the inclusion of 74 properties operating under the Alila®, Destination®, Joie de Vivre®, Thompson Hotels® and tommie™ brands. , an international lifestyle hotel management company with a unique collection of distinctive brands, properties and a robust development pipeline around the globe. 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. This compares to a prior estimate of approximately $25 million to $30 million. “Two Roads’ passionate team members, strong brands, global footprint and robust development pipeline will expand our lifestyle offerings and grow Hyatt’s brand presence in more places where our guests and World of Hyatt members want to travel. Hyatt Hotels announced that it reached a deal to acquire Two Roads Hospitality, an operator of independent hotels with more than 85 properties in eight countries. 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. amanda.bryant@hyatt.com, Hyatt Completes Acquisition of Two Roads Hospitality, Addition of Alila, Destination, Joie de Vivre, Thompson and tommie brands expands Hyatt’s lifestyle and wellbeing offerings for high-end travelers worldwide In October 2018, Hyatt announced their purchase of Two Roads Hospitality, a lifestyle hotel management company, for a base purchase price of $480 million. 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. Hyatt Hotels Corporation has announced an agreement to acquire Two Roads Hospitality, an international lifestyle hotel management company.. Hyatt plans to integrate Two Roads brands into the World of Hyatt program in 2019, expanding opportunities for World of Hyatt members to earn and redeem points across more leisure-focused stay options and also driving hotel occupancy from a loyal group of travelers who spend more, stay more and book directly. Hyatt will take the management controls of 85 properties of Two Road's across eight countries. Hyatt Hotels Corporation has announced an agreement this week to purchase Two Roads Hospitality, an international lifestyle hotel management company that manages more than 85 hotels. 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. 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. 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. Explore development opportunities with Hyatt Hotels Corporation and discover the difference of world-class brands, innovative design, operational excellence, … 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. Hyatt Hotels Corporation H closed its previously announced acquisition deal with lifestyle hotel management company Two Roads Hospitality.The acquisition took … After including integration costs, the net contribution to 2019 Adjusted EBITDA is expected to be flat to $5 million. As of September 30, 2018, the Company's portfolio included more than 750 properties in more than 55 countries across six continents. “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.”. Hyatt said through the addition of Two Roads, Hyatt will expand its brand presence into 23 new markets while enhancing its offerings in lifestyle hotel experiences and wellbeing. We are pleased to have completed this exciting transaction, and we welcome Two Roads associates to Hyatt.”. 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. We are pleased to be coming together, and are dedicated to learning from each other and taking the best of both organizations forward,” said Mark Hoplamazian, president and chief executive officer, Hyatt Hotels Corporation. All the hotels have joined the World of Hyatt loyalty programme in 2019. The total purchase price reflects an EBITDA multiple of approximately 12x stabilized 2021 earnings, which Hyatt considers the best indicator of valuation based on anticipated synergies and growth. 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 acquisition consists of a base purchase price of $480 million, with the potential for Hyatt to invest up to an additional $120 million in the aggregate, contingent on the outcome of certain terms to be individually defined after closing. Hyatt plans to include Two Roads’ properties in its World of Hyatt loyalty program, but such properties are not currently participating. 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. The company was created in 2016 when Destination Hotels, a wholly owned Lowe subsidiary, merged with Commune Hotels and Resorts, a Geolo-owned company, establishing Two Roads as the largest global collection of lifestyle hospitality brands. Hyatt has today announced that they’re acquiring Two Roads Hospitality, an international lifestyle hotel management company with a collection of luxury hotels. While Geolo, based in San Francisco, will no longer be a principal shareholder of Two Roads Hospitality, it will remain the largest owner of hotels managed by Hyatt. HONG KONG, CHINA - Hyatt Hotels Corporation 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. Earlier this week, after much speculation, Hyatt announced that they were acquiring Two Roads Hospitality for a base price of $480 million. 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 Hyatt Hotels Corp. on Monday announced its intent to acquire boutique hotel company Two Roads Hospitality for a base price of $480 million. CHICAGO—Hyatt Hotels Corporation has entered into an agreement to acquire Two Roads Hospitality, an international lifestyle hotel management company with Two Roads The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates. Acquisition price revised to $405 million from $480 million; additional potential consideration revised to $96 million from $120 million. Two Roads Hospitality is a global operator of independent, boutique and lifestyle hotels, resorts and vacation residences. “Hyatt and Two Roads share a commitment to genuine care and delivering distinctive experiences to discerning travelers. 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.”. Hyatt Completes Acquisition of Two Roads Hospitality. +1 312 780 6106 Amanda Bryant Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 14 premier brands. For more information, please visit www.hyatt.com. 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