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Hyatt Is Interested in Acquiring Spain's NH Hotel Group

Gillian Tan
Hyatt Is Interested in Acquiring Spain's NH Hotel Group

Hyatt Hotels Corp., the lodging company founded by the billionaire Pritzker family, has sent a letter to NH Hotel Group SA indicating its interest in acquiring the Spanish hotel operator. “Hyatt has a demonstrated track record of making strategic investments to extend the reach of our brands and create value for our stakeholders,” Mark Hoplamazian, Hyatt’s president and chief executive officer, said in an emailed statement Thursday to Bloomberg. Any potential offer from Chicago-based Hyatt would provide an alternative for NH Hotel shareholders, who are weighing a tender offer from Thailand’s Minor International Pcl.