What does Mr and Mrs Smith mean in hotels?
What does Mr and Mrs Smith mean in hotels? Mr & Mrs Smith (a nod to the classic check-in nom de plume for illicit stays of old) began life in 2003 with two adventurous hotel lovers (our real-life Mr and Mrs: James and Tamara Lohan) and has evolved into a global travel club with more than a million like-minded members.
Which hotel chain owns Hyatt?
On December 31, 2004, substantially all of the hospitality assets owned by Pritzker family business interests, including Hyatt Corporation and Hyatt International Corporation, were consolidated under a single entity, now Hyatt Hotels Corporation.
Is Mr and Mrs Smith part of Hyatt?
Hyatt acquired 100 percent of the asset-light Mr & Mrs Smith platform for an enterprise value of £53.0 million in cash consideration. The purchase price represents an attractive acquisition multiple in the high-single digits on projected stabilized earnings.
Who owns Hyatt now?
Hyatt is 85% owned by the Pritzker family. The other 15% was sold in 2007 to affiliates of Goldman Sachs and Madrone Capital for $1 billion. Currently, the largest institutional investors in Hyatt are BAMCO, Inc (10.6% of total shares) and The Vanguard Group Inc.