Aug 20 (Reuters) - Hyatt Hotels ( H ) said on Tuesday

that it is acquiring Standard International, the parent company

of the Standard and Bunkhouse Hotels brands to create a new

lifestyle hospitality brand.

The company will purchase the boutique hotel operator's

brands and most of its affiliates for a base price of $150

million, with up to an additional $185 million as more

properties enter the portfolio.

Hyatt further expects stabilized fees of around $17 million

and additional fees of about $30 million.

Moelis & Company LLC served as financial advisor and Venable

LLP acted as legal advisor to Hyatt for the deal, which is

expected to close later this year.