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Wednesday, November 30, 2022

Hyatt Agrees to Acquire Dream Hotels; European Council OKs New Sustainability Reporting Requirements



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November 30, 2022
Hyatt Agrees to Acquire Dream Hotels for $300M
By Angelique Platas
Hyatt Hotels Corp. has agreed to acquire Dream Hotel Group and its lifestyle hotel brands for upwards of $300 million, the companies announced Tuesday. The deal would add 1,700 rooms in 12 franchised properties to Hyatt's lifestyle portfolio to be managed by a company affiliate. Keep Reading
European Council Approves New Sustainability Reporting Requirements
The European Council has issued final approval to a new sustainability reporting directive that expands corporate reporting requirements as well as the number of companies that will have to participate. Keep Reading
Air India, Vistara Agree to Merge
Singapore Airlines and conglomerate Tata Sons have agreed to merge Indian carrier Vistara with Air India. Singapore Airlines plans to take a 25 percent stake in the combined entity. Keep Reading
American, BA Colocation at JFK to Begin Dec. 1
American Airlines and British Airways have unveiled their new colocation facilities at New York's John F. Kennedy International Airport Terminal 8. Keep Reading
 
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