financetom
Business
financetom
/
Business
/
Hyatt Hotels Acquires me and all Hotels Brand From Lindner Hotels
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Hyatt Hotels Acquires me and all Hotels Brand From Lindner Hotels
Jun 28, 2024 7:18 AM

09:53 AM EDT, 06/28/2024 (MT Newswires) -- Hyatt Hotels ( H ) said Friday that an affiliate has acquired the me and all hotels brand from Lindner Hotels to expand into new European markets.

Financial details weren't disclosed.

Me and all hotels will transition from being a nested brand within Hyatt's JdV by Hyatt brand to becoming a standalone brand within Hyatt's global lifestyle portfolio, the company said.

Shares of Hyatt were slightly higher in recent trading.

Price: 149.43, Change: +0.44, Percent Change: +0.29

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Dolby Laboratories Acquires GE Licensing for $429 Million
Dolby Laboratories Acquires GE Licensing for $429 Million
Jun 6, 2024
09:00 AM EDT, 06/06/2024 (MT Newswires) -- Dolby Laboratories ( DLB ) said Thursday that it had acquired GE Licensing, an intellectual property licensing business, from GE Aerospace (GE), for $429 million in cash. Dolby ( DLB ) said GE Aerospace would keep its aerospace and defense IP and the GE brand trademarks. Dolby said the deal, slated to be...
Toro Fiscal Q2 Adjusted Net Earnings Decrease, Sales Increase
Toro Fiscal Q2 Adjusted Net Earnings Decrease, Sales Increase
Jun 6, 2024
09:01 AM EDT, 06/06/2024 (MT Newswires) -- Toro (TTC) reported fiscal Q2 adjusted net earnings Thursday of $1.40 per diluted share, down from $1.58 a year earlier. Analysts polled by Capital IQ expected $1.29. Net sales for the quarter ended May 3 were $1.35 billion, up from $1.34 billion a year earlier. Analysts polled by Capital IQ expected $1.34 billion....
SECURE Energy Announced Preliminary Results of Its Substantial Issuer Bid
SECURE Energy Announced Preliminary Results of Its Substantial Issuer Bid
Jun 6, 2024
09:00 AM EDT, 06/06/2024 (MT Newswires) -- SECURE Energy Services Inc. ( SECYF ) on Thursday announced preliminary results of its substantial issuer bid, pursuant to which it offered to purchase for cancellation up to $250 million of its outstanding common shares from holders of shares for cash. The offer expired at 5pm (Eastern time) on June 5, 2024. In...
Cycle Pharmaceuticals Offers to Buy Vanda Pharmaceuticals for $466 Million
Cycle Pharmaceuticals Offers to Buy Vanda Pharmaceuticals for $466 Million
Jun 6, 2024
09:02 AM EDT, 06/06/2024 (MT Newswires) -- Vanda Pharmaceuticals ( VNDA ) has received an acquisition proposal from Cycle Pharmaceuticals to buy 100% of Vanda's shares for $466 million in cash, or $8 per share, Cycle Pharmaceuticals said Thursday. The offer, proposed to Vanda's board on May 24, represents a 58% premium above Vanda's closing share price on June 5,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved