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Hyatt Hotels Corporation: statement on potential offer for NH Hotel Group

Mark Hoplamazian, President and CEO, Hyatt Hotels Corporation:

Hyatt Hotels Corporation: statement on potential offer for NH Hotel Group

Mark Hoplamazian, President and CEO, Hyatt Hotels Corporation:

Category: Worldwide - Industry economy - Group or hotel buyout
This is a press release selected by our editorial committee and published online for free on 2018-07-30

"Hyatt has a demonstrated track record of making strategic investments to extend the reach of our brands and create value for our stakeholders. In keeping with our growth strategy, we submitted a letter expressing our interest in pursuing a potential acquisition of NH Hotel Group.

We believe that marrying NH Hotel Group’s strong footprint in Europe and select other markets with Hyatt’s global presence would yield a powerful portfolio of brands and network of hotels delivering compelling benefits for guests, owners and shareholders of both companies.

Consistent with our strategy of pivoting to an asset-lighter business model, we see significant value creation for shareholders through a separation of NH Hotel Group’s real-estate assets from its hotel management platform. As a next step, we are seeking to conduct additional due diligence to further inform valuation and determine the optimal approach to a potential offer.”


Mark Hoplamazian, presidente y consejero delegado de Hyatt Hotels Corporation:

«Hyatt ha demostrado experiencia para llevar a cabo inversiones estratégicas que amplíen el alcance de sus marcas y que creen valor para sus stakeholders. En el marco de nuestra estrategia de crecimiento, hemos remitido una carta en la que expresamos nuestro interés por realizar una posible adquisición de NH Hotel Group.

Creemos que unir la sólida presencia de NH Hotel Group en Europa y otros mercados, con la presencia de Hyatt a escala global, daría lugar a una significativa cartera de marcas y cadenas hoteleras creando un claro valor para los huéspedes, los propietarios y los accionistas de ambas compañías.

Consistente con nuestra estrategia de migrar hacia un modelo de negocio con menor peso en activos, creemos que la separación de los activos inmobiliarios de NH Hotel Group de su plataforma de gestión hotelera resultará en una importante generación de valor. Nuestro próximo paso será llevar a cabo procesos de auditoría adicionales (due diligence) para obtener más información de cara a una valoración y al enfoque óptimo de una potencial oferta».

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