Hyatt selling 38 hotels to private equity firm




Hyatt Hotels Corp. will sell 38 of its branded hotels to private equity firm Lone Star Funds for $590 million,

the

Chicago Tribune

reported.


The hotels include Hyatt Place and Hyatt House and will remain under the Hyatt brand. They will be managed by an outside hospitality company, the


Tribune


article said. (Source:


Chicago Tribune


, Sept. 19, 2014.)

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