The news comes after Thai hospitality firm Minor International – which operates the Minor Hotel Group – purchased a 25.2 per cent stake in NH from Chinese giant HNA Group spread over two transactions. Minor Group already owned a 9.5 per cent stake in NH and struck the latest deal with the intention of offering an all-cash purchase of the remaining shares. Any offers by Hyatt would pit the two against each other in a bidding war. Get the full story at Buying Business Travel