Hyatt shops for hotels to buy in world's major cities

01/13/2010 | Wall Street Journal, The

Hyatt Hotels has launched a global hunt to expand its brand into the world's biggest cities. The company is looking to grow by acquiring properties outright and negotiating contracts to manage hotels for other owners. "We do believe there will be opportunities to acquire properties or maybe even a brand at some point," Hyatt CEO Mark Hoplamazian said.

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Wall Street Journal, The

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