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Hyatt Is Interested in Acquiring Spain's NH Hotel Group

  • Bid would provide an alternative to Minor International offer
  • Additional due diligence is sought by Chicago-based Hyatt
An NH Hotel Group hotel in Barcelona.

An NH Hotel Group hotel in Barcelona.

Photographer: David Ramos/Bloomberg

Updated on

Hyatt Hotels Corp., the lodging company founded by the billionaire Pritzker family, has sent a letter to NH Hotel Group SA indicating its interest in acquiring the Spanish hotel operator.

“Hyatt has a demonstrated track record of making strategic investments to extend the reach of our brands and create value for our stakeholders,” Mark Hoplamazian, Hyatt’s president and chief executive officer, said in an emailed statement Thursday to Bloomberg. “In keeping with our growth strategy, we submitted a letter of intent expressing our interest in pursuing a potential acquisition of NH Hotel Group.”