Hyatt Hotels has announced its acquisition of Playa Hotels & Resorts for approximately $2.6 billion, including debt. This deal aims to boost the company’s presence in Mexico and the Caribbean.
The acquisition gives Hyatt access to 24 high-end, all-inclusive resorts across Mexico, Jamaica, and the Dominican Republic. The purchase price represents a 40.5% premium over Playa’s stock close on December 20.
Hyatt will identify third-party buyers for Playa’s owned properties and expects to gain at least $2 billion from the sale of assets by 2027. This is part of Hyatt’s asset-light business model, where it prefers not to own physical properties but manages or franchises them.
The acquisition marks an expansion in Hyatt’s presence outside the US market, where interest in upscale and luxury offerings is increasing due to a stronger dollar. Analysts note that regulatory complexities may pose some risk, but overall, the deal is expected to be accretive for the company.
Hyatt’s portfolio now includes resorts from various brands, including Hilton Worldwide, Marriott International, Wyndham, and InterContinental Hotels Group’s Kimpton brand. The acquisition highlights Hyatt’s growth strategy in the region.
Source: https://www.reuters.com/business/retail-consumer/hyatt-acquire-playa-hotels-26-billion-2025-02-10