June 17, 2024

CPS

Travel Adventure

Hyatt to Acquire Travel Booking Platform Mr and Mrs Smith

1 min read

Hyatt Hotels Corporation has agreed to acquire London-based Mr & Mrs Smith, a travel booking platform offering direct booking access to more than 1,500 boutique and luxury properties. Chicago-based Hyatt will acquire 100% of the asset-light Mr & Mrs Smith platform for an enterprise value of £53.0 million (approximately US$66 million).

“We are excited by this planned acquisition and to explore bringing guests and World of Hyatt members even more global luxury offerings across hundreds of geographies  including over 20 countries where there are currently no Hyatt hotels such as Fiji, Croatia, Iceland and Anguilla,” said Mark Vondrasek, chief commercial officer, Hyatt.

The planned acquisition builds on a transformative growth period for Hyatt in the past 12 months, which included the recently completed acquisition of Dream Hotel Group’s lifestyle brand and management portfolio and the conversion of a portfolio of more than 30 franchise agreements with Lindner Hotels & Resorts and me and all hotels, as well as substantial organic growth of Hyatt’s global portfolio.

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