Skift Take

Hyatt's annual 10-K provides a handful of notable details, including the final prices it paid for Mr & Mrs Smith and for Dream Hotels.

Sean O'Neill

Hyatt is one of the world's fastest-growing hotel groups, and we found a handful of notable details in its annual 10-K filing.

1. Hyatt paid a bit more for Mr & Mrs Smith than previously publicized.

In April 2023, Hyatt announced it would buy the boutique hotel booking site Mr and Mrs Smith for £53 million — or about $66 million based on exchange rates at the time.

The 10-K reveals Hyatt paid a bit more in the end, namely, cash of £58 million (about $72 million using exchange rates at the time). It attributed the change to "customary adjustments" to things such as "net working capital" and "value accrual."

Separately, Hyatt revealed that it paid $5 million in legal and vetting costs to close the deal. UPDATE: A Hyatt spokesperson says "These are transaction costs primarily related to regulatory, financial advisory, and legal fees."