Get ready for a thrilling announcement: Hyatt just revealed its plans to acquire the luxurious hotel brand, Mr & Mrs Smith, for a whopping £53.0 million in cash! With over 1,500 boutique and luxury properties under its belt, Mr & Mrs Smith is the ultimate asset lig brand (meaning they don't own the properties). This acquisition is set to shake up the industry and solidify Hyatt's standing in the luxury hotel market. Previously partnered with IHG, Mr & Mrs Smith is now poised to take the hospitality world by storm with its unique and unparalleled offerings.
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