Acquisition to expand Hyatt's unique lifestyle hotel offerings with a quickly growing brand portfolio focused on vibrant dining and nightlife experiences.
Upon closing, the Company will acquire all of the authorized stock and assets in EV Hotel™ in exchange for common stock and Mr. Patel will acquire all of the Company's Series "A" Preferred stock, resulting in a change of control.
The merger follows Guesty’s latest funding round and expands its presence in strategic regional markets to further its mission of becoming the premier global provider of property management and hospitality solutions.