Wall Street Journal
"We do believe there will be opportunities to acquire properties or maybe even a brand at some point," Hyatt chief executive Mark Hoplamazian said Monday in an interview with the Journal as Hyatt prepared to open a 253-room Andaz boutique luxury hotel in downtown Manhattan. "In terms of our [acquisition] outlook, it's going to depend on what's out there in the market."
Hyatt is prepped to expand with only a net debt of $100 million, with very little debt on its assets. To read the full Journal article, click here.
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