What does Mr and Mrs Smith mean in hotels?

Mr & Mrs Smith (a nod to the classic check-in nom de plume for illicit stays of old) began life in 2003 with two adventurous hotel lovers (our real-life Mr and Mrs: James and Tamara Lohan) and has evolved into a global travel club with more than a million like-minded members.



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Hyatt acquired 100 percent of the asset-light Mr & Mrs Smith platform for an enterprise value of £53.0 million in cash consideration. The purchase price represents an attractive acquisition multiple in the high-single digits on projected stabilized earnings.

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On December 31, 2004, substantially all of the hospitality assets owned by Pritzker family business interests, including Hyatt Corporation and Hyatt International Corporation, were consolidated under a single entity, now Hyatt Hotels Corporation.

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Hyatt is 85% owned by the Pritzker family. The other 15% was sold in 2007 to affiliates of Goldman Sachs and Madrone Capital for $1 billion. Currently, the largest institutional investors in Hyatt are BAMCO, Inc (10.6% of total shares) and The Vanguard Group Inc.

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