M&A Deal Summary

Hyatt Acquires Two Roads Hospitality

On November 30, 2018, Hyatt acquired leisure company Two Roads Hospitality from Destination Hotels & Resorts

Acquisition Highlights
  • This is Hyatt’s 3rd transaction in the Leisure sector.
  • This is Hyatt’s 5th transaction in the United States.
  • This is Hyatt’s 2nd transaction in New York.

M&A Deal Summary
Date 2018-11-30
Target Two Roads Hospitality
Sector Leisure
Buyer(s) Hyatt
Sellers(s) Destination Hotels & Resorts
Deal Type Add-on Acquisition

Target

Two Roads Hospitality

San Francisco, New York, United States
Two Roads Hospitality brings together thirty-three boutique hotels operated by Joie de Vivre Hospitality and twelve luxury Thompson Hotels. Two Roads Hospitality was founded in 2011 and is based in San Francisco, New York.

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Buyer(S) 1

Buyer

Hyatt

Chicago, Illinois, United States
Category Company
Founded 1957
Sector Leisure
Employees51,000
Revenue 6.7B USD (2023)
DESCRIPTION

Hyatt is a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, and other properties. Hyatt House hotels offer apartment-style suites with full kitchens, living areas, and more, including a 24-hour gym, and in-house laundry. Hyatt was founded in 1957 and is based in Chicago, Illinois.

DEAL STATS #
Overall 5 of 9
Sector (Leisure) 3 of 6
Type (Add-on Acquisition) 5 of 8
State (New York) 2 of 3
Country (United States) 5 of 8
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-01 Exhale

New York, New York, United States

Exhale Spa is an operator of urban day spas that integrate healing and wellness services under one roof. These services include therapeutic spa treatments, high tech skincare, and mind-body movement classes. Exhale was formed in 2001 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Ventana Big Sur

Big Sur, California, United States

Ventana Big Sur is a luxury coastal CA resort near Monterey, offers luxury accommodations and unique experiences along the dramatic California coastline's set among 160 sprawling acres of rolling meadows and towering redwoods, the intimate 59-room property is undergoing a multimillion-dollar resort-wide renovation. Ventana Big Sur was founded in 1975 and is based in Big Sur, California.

Buy $148M

Seller(S) 1

SELLER

Destination Hotels & Resorts

Englewood, Colorado, United States
Category Company
Founded 1973
Sector Leisure
Employees9,000
DESCRIPTION

Destination Hotels & Resorts with the development and management of condominium resorts. Company have grown to become consistently ranked as one of the top ten hospitality & property management companies in the country with 9,300 hotel rooms and condominium units, and more than $2.7 billion in assets under management. Destination Hotels & Resorts was founded in 1973 and is based in Englewood, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-22 Two Roads Hospitality

San Francisco, New York, United States

Two Roads Hospitality brings together thirty-three boutique hotels operated by Joie de Vivre Hospitality and twelve luxury Thompson Hotels. Two Roads Hospitality was founded in 2011 and is based in San Francisco, New York.

Buy -
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