In a letter from Hyatt released to the Spanish stock exchange by NH, the U.S. hospitality company, which on Friday said it may launch a cash bid for 100 percent of NH, said it saw pursuing an offer as extremely challenging. “Based on the information we now have, we believe that the path to a successful tender offer by Hyatt under the terms expressed in our letter has narrowed to a point of being impractical,” Hyatt’s President and Chief Executive Officer Mark Hoplamazian said in the letter released on Monday. Thailand-based Minor International made an offer in June which valued NH at up to 2.5 billion euros ($2.9 billion). Get the full story at Reuters Read also "Hyatt considers NH Hotel Group bid"