Hyatt Acquires 'me and all hotels' Brand in Europe
The DJIA ended Friday down 40 points while Nasdaq was down 126, the S&P 500fell 22 points and the 10 year treasury yield was up .06 to 4.34%. Lodging stocks had a good day despite the averages. AHT rose 12% while SVC, BHR, VCSA and VAC were each up 5% on the day.
Hyatt Hotels Corporation announced a Hyatt affiliate has acquired the me and all hotels brand from Lindner Hotels AG to unlock growth in new European markets and build on Hyatt's strong momentum in the region. Following the transaction, me and all hotels, which is currently a nested brand within Hyatt's JdV by Hyatt brand, will become a standalone brand within Hyatt's global lifestyle portfolio. The me and all hotels portfolio has six hotels and 1,000+ rooms in central city locations across Germany, which are currently included in Hyatt's inventory. The brand has a healthy pipeline, combining conversions and new builds in key destinations including Ber
