Negotiations between Hyatt and Standard — which operates properties in London, Ibiza, the Maldives and Melbourne, among other places — are in advanced stages, according to people with knowledge of the matter. No transaction has been finalized and a deal could fall through, said one of the people, asking not to be named because the talks are private.
​​​​​​​
A spokesperson for Hyatt declined to comment on the talks, but said the company remains committed “to asset-light growth through both organic growth and strategic acquisitions.” A representative for Standard International, which counts Thai real estate firm Sansiri as an investor, didn’t have an immediate comment.