Richard and Ed connected at the Freddies and recap all of this year's winners.

They're also discussing Bilt's most recent Rent Day.

But, the biggest news of the day is Hyatt's acquisition of Mr. & Mrs. Smith. There are still plenty of questions, but this could be huge for Hyatt's luxury lodging portfolio.

Ed locks up lifetime Hilton Diamond status and gets a pretty nice gift in the mail to commemorate the achievement.

Finally, is Richard really flying United? We think so.

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Is The Latest Hyatt Acquisition A Boon For Luxury Travel?