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By Nithyakala Neelakandan
Published on July 21, 2024
Hyatt Hotels Corp. is reportedly close to finalizing a deal to acquire boutique hotel operator Standard International.
Negotiations between Hyatt and Standard International are in advanced stages, according to sources familiar with the matter. Standard International, known for its chic and upscale properties in locations such as London, Ibiza, the Maldives, and Melbourne, would bring a new dimension to Hyatt’s offerings. However, it's important to note that no transaction has been finalized, and the deal could still fall through.
A Hyatt spokesperson declined to comment on the specifics but reiterated the company's commitment to "asset-light growth through both organic growth and strategic acquisitions." Standard International also did not provide immediate comments on the ongoing discussions.
Hyatt, under the leadership of CEO Mark Hoplamazian, has been actively acquiring brands in recent years. The company has added Alila, Thompson Hotels, and Apple Leisure Group to its portfolio. These acquisitions have helped Hyatt transition to a model focused on licensing brands to third-party investors, enriching its system with high-end properties that attract loyal customers.
The Standard brand, originally developed by hotelier Andre Balazs, is renowned for its vibrant nightlife and trendy appeal, particularly in cities like New York, where it operates a notable property on the High Line.
Hyatt's interest in Standard International follows a broader strategy to compete with industry giants like Marriott and Hilton by acquiring niche brands. This potential deal could further enhance Hyatt's luxury and lifestyle offerings. The acquisition would include high-profile properties like Mont Rochelle in South Africa, The Lodge in Switzerland, and Mahali Mzuri in Kenya, among others.
James Bermingham, CEO of Virgin Hotels Collection, which also has a strategic partnership with Hyatt, emphasized the alignment of this acquisition with Hyatt's growth strategy. "We are excited to introduce our unique Virgin Limited Edition retreats into Preferred Hotels & Resorts’ prestigious Legend Collection, further strengthening our successful partnership," Bermingham said.
If the deal goes through, all Standard International properties will benefit from Hyatt's extensive expertise in leisure, corporate, and group sales travel sectors. They will also participate in the I Prefer Hotel Rewards program, which boasts over five million travelers enrolled. This program helps attract repeat guests by offering points redeemable for various benefits, including cash-value Reward Certificates and Titanium status.
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By Nishang Narayan
Published on June 6, 2025
Bangkok’s luxury real estate scene just got hotter. Proud Real Estate has unveiled a rare opportunity for global investors with the release of two duplex sky penthouses at the award-winning ROMM Convent in the city’s prestigious Sathorn-Silom CBD. These homes are more than just residences—they're a bold blend of wellness, luxury, and investment value.
Spanning 418–467 sqm with soaring 6.45-meter ceilings and private rooftop gardens, these penthouses are the only units of their kind at ROMM Convent. With panoramic views of Bangkok’s skyline and wellness-focused design backed by a 2-Star Fitwel certification, they are already turning heads among discerning investors. Rental yields range from 4% to 5.8%, with capital gains between 3% and 5.4% annually, making this a standout asset in Southeast Asia's fast-rising property market.
A Crown Jewel in Bangkok's Wellness Real EstateROMM Convent has already earned accolades from the Asia Pacific Property Awards and PropertyGuru, including Best Wellness Residences Development and Best Architectural Design. This reputation, combined with wellness-integrated amenities and smart home systems, positions the development at the forefront of lifestyle investments.
Residents enjoy world-class features such as:
A private rooftop garden visible from both living and bedroom spaces
Full-height glass windows with cityscape views including MahaNakhon and One Bangkok
Gourmet kitchen with an Ice Jade island, Gorenje ORA ITO appliances, and a 46-bottle wine cellar
Walnut wood flooring, stone-clad kitchens, and luxury bathroom fittings
Four bedrooms, five bathrooms, and a multi-use space for entertainment or work
Health Meets Hospitality
ROMM Convent takes luxury a step further with health-first services. Residents enjoy access to a 24/7 Health Butler Concierge, exclusive VVIP privileges at BNH Hospital and BeDee by BDMS, and six levels of wellness amenities designed for mind-body well-being. Its 2-Star Fitwel Certification marks it as one of Bangkok’s few health-optimized luxury addresses.
Strong Market, Limited Availability
Bangkok’s luxury market has grown consistently, with large-format residences in prime districts witnessing rising demand from international buyers. With foreign quotas nearing capacity, Proud Real Estate has introduced a limited-time Early Investor Package—available until June 30, 2025. This includes bespoke layout customization and access to premium healthcare services, adding more weight to its already strong value proposition.
Attractive Entry Point in Prime Bangkok
Priced from THB 290,000 per sq.m., the duplex sky penthouses offer compelling value compared to global luxury capitals. Investors gain not only a home but also a globally benchmarked lifestyle, tailored wellness services, and a strategic long-term asset in one of Asia’s most dynamic cities.
A Final Call to Wellness-Led Luxury
As Bangkok’s skyline evolves and demand for wellness-integrated living surges, ROMM Convent’s duplex penthouses stand at the intersection of legacy, luxury, and long-term investment. With only two units available, this is a unique moment for global investors to secure a foothold in Thailand’s most exclusive wellness residence.
For more details, visit Proud Real Estate or call +662-026-8999.
Published on June 5, 2025
HUMAN MADE Inc., the parent company of the renowned Japanese lifestyle brand HUMAN MADE, has successfully rolled out Centric PLM™ to enhance its product development process and support long-term revenue growth. The move reflects the brand’s commitment to innovation, efficiency, and scaling operations in the dynamic world of fashion retail.
Launched in 2010 by designer and cultural icon NIGO, HUMAN MADE is best known for its philosophy—"The Future Is In The Past"—which blends nostalgic American casualwear with craftsmanship-driven design. Drawing from NIGO’s extensive vintage archives, the brand has created a distinct aesthetic that bridges workwear, military, outdoor, and sportswear influences.
In its search for a solution to manage growing complexities in product development and supply chain processes, HUMAN MADE Inc. selected Centric Software’s Product Lifecycle Management (PLM) platform. The platform’s apparel-specific capabilities, intuitive interface, and global reputation for successful deployment made it the ideal fit.
“We are excited about the successful PLM rollout with HUMAN MADE Inc. and the impressive results they have achieved to date,” said Fabrice Canonge, President of Centric Software. “We look forward to a lasting partnership and supporting the brand’s continued success and global growth.”
Centric PLM is designed to help lifestyle brands plan, design, source, and sell products more efficiently—delivering not just operational streamlining, but also greater speed to market and improved cross-team collaboration. For HUMAN MADE, this digital transformation initiative signals a strategic step forward in navigating today’s competitive global fashion landscape.
As HUMAN MADE expands its presence and evolves its offerings, the PLM integration will play a key role in maintaining the brand's high standards of quality, creativity, and craftsmanship while enhancing efficiency and adaptability.
Published on May 30, 2025
Spalba, a SaaS-enabled B2B venue marketplace, has set its sights on a ₹100 crore turnover by FY 2026. The company recently closed FY 2025 with a consolidated turnover of ₹60 crore, marking an impressive 3000% year-on-year growth since its inception just five years ago. What makes this journey even more remarkable? Spalba remains fully bootstrapped and profitable, a rarity in today’s startup ecosystem.
Driven by innovation, Spalba is expanding rapidly across Asia. The platform has entered six new markets—Malaysia, Vietnam, Sri Lanka, Myanmar, Bhutan, and Nepal—taking its VenueTech vision global. Back home, the company plans to grow its venue inventory from 11,000 to 13,000 and expand property listings from 2,067 to 4,500 by FY26, effectively doubling its offering and increasing its presence in over 80 Indian cities.
“Our journey from a bootstrapped startup to a ₹60 crore revenue run-rate has been driven by continuous innovation and an unwavering commitment to customer success,” said Vishal Puri, Co-Founder of Spalba. “With our tech-first approach—combining AR-powered Virtual Property Tours, an Event Mockup Builder, AI-driven sales tools, and more—we expect to cross ₹100 crore by FY 2026 and continue modernizing India’s ₹200 billion events industry.”
Over 250 marquee properties including The Leela, Radisson Hotel Group, Accor, and The Oberoi have partnered with Spalba to streamline venue sales and boost cross-selling opportunities. The platform not only simplifies the venue booking process with immersive digital walkthroughs but also reduces the need for paperwork and physical site visits—supporting both revenue growth and sustainability for its clients.
Founded in 2020, Spalba is redefining event planning by making venue discovery and booking faster, smarter, and more collaborative. Its roadmap to ₹100 crore highlights a focus on scalable innovation, customer-centric solutions, and long-term value creation—all without raising external funding.
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