AUSTIN (ABJ) — Hyatt Hotels Corp. will likely take the reins soon of some of Austin's trendiest boutique hotels, including the often star-studded Hotel Saint Cecilia, the posh Hotel San José and the Old Austin icon known only as Austin Motel.
The Chicago-based hospitality giant plans to acquire Standard International, the parent company of Austin-based hospitality firm Bunkhouse Group. The deal is expected to close later this year.
A Bunkhouse representative confirmed in an email that the acquisition includes Bunkhouse's entire portfolio, including the iconic Austin coffeeshop Jo's Coffee. Jo's and much of the Bunkhouse empire were born from the mind of Liz Lambert, often credited with turning South Congress Avenue from a seedy strip to a place to be when she renovated what's now Hotel San José.
Read the full story on the Austin Business Journal.
