Hyatt Hotels to Acquire Dream Hotel Group

• Hyatt Hotels Corporation and Dream Hotel Group announced an agreement for a Hyatt affiliate to acquire Dream Hotel Group’s lifestyle hotel brand and management platform.
• Hyatt Hotels Corporation announced the opening of Rancho Pescadero, the first Hyatt branded luxury resort to debut in Todos Santos in Mexico.
• The Westin Hilton Head Island Resort & Spa, located in South Carolina, has embarked on a $10 million renovation.

The DJIA rose 3 points while Nasdaq was down 66, the S&P 500 fell 6 points and the 10 year treasury yield was up .05 to 3.75%. Lodging stocks were modestly higher. SLNA traded down to a new low but VCSA was up 8% and MCG rose 7%. Hyatt Hotels Corporation and Dream Hotel Group announced an agreement for a Hyatt affiliate to acquire Dream Hotel […]