Inland Inks $115M Deal For Hyatt Hotels In Napa, Savannah

Law360, New York (September 23, 2013, 6:41 PM EDT) -- Inland American Lodging Group Inc. has agreed to buy two Andaz hotels in Napa, Calif., and Savannah, Ga., from Hyatt Corp. for $115 million, the hospitality giant announced Friday.

A Hyatt affiliate will continue to manage the hotels, according to Inland, which already owns one Andaz hotel after a transaction completed earlier this year.

“We are very pleased to be expanding our relationship with Hyatt through the acquisition of these boutique lifestyle hotels, operating under the exciting and growing Andaz brand,” Marcel Verbaas, president and CEO...
To view the full article, register now.