CN Hotels

Hyatt Hotels announced plans to acquire Standard International's brands and affiliates, creating a new lifestyle group led by Amar Lalvani, with a $150 million base purchase and potential additional payments.

The stock market experienced a decrease, with the Dow Jones Hotel & Lodging REITs Index down 2.3%. There were several hotel acquisitions, renovations, and new developments announced. There were also announcements of management changes, upgrades, and technology acquisitions in the hospitality industry.