Hyatt's Strategic Acquisition

In a bold move to strengthen its presence in the luxury all-inclusive resort market, Hyatt Hotels Corporation has announced a definitive agreement to acquire Playa Hotels & Resorts N.V. The deal, valued at approximately $2.6 billion, including nearly $900 million of debt, net of cash, marks a significant expansion of Hyatt's portfolio in Mexico and the Caribbean.

Leadership in the All-Inclusive Space

"Hyatt has firmly established itself as a leader in the all-inclusive space, a journey that began in 2013 through an investment in Playa Hotels & Resorts that launched the Hyatt Ziva and Hyatt Zilara brands," stated Mark Hoplamazian, President and CEO of Hyatt. He further emphasized that this acquisition is a strategic step to broaden Hyatt's portfolio and enhance value for all stakeholders through an expanded management platform for all-inclusive resorts.

Expected Closure

Currently holding a 9.4% stake in Playa Hotels, Hyatt anticipates the transaction to be finalized later this year, signaling a new chapter in its growth and expansion strategy.