The operator of a hotel-casino under construction at the south edge of the Strip is being bought by an industry giant.
Hyatt Hotels Corp. announced Tuesday that it reached a deal to acquire Dream Hotel Group. The buyer is slated to pay a base price of $125 million, with up to an additional $175 million over the next six years “as properties come into the pipeline and open,” according to a news release.
The acquisition includes 12 managed or franchised hotels with another 24 management agreements for hotels that haven’t opened yet, the release said.
