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Hyatt to Buy AmeriSuites for $600M


TravelGuy
By TravelGuy,
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CHICAGO (AP) -- The Pritzker family's Hyatt Corp. said Thursday it plans to buy the AmeriSuites hotel chain from Blackstone Group in a deal reportedly worth more than $600 million.

The deal will add midrange, affordable properties aimed at the coveted business and convention travelers to Hyatt's upscale hotels and resorts, said Thomas Pritzker, chairman and CEO of Hyatt Corp.

Full New York Times article (Requires registration.)

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