Hyatt Hotels Corp. has agreed to purchase Playa Hotels & Resorts NV for approximately $2.6 billion, aiming to expand its presence in the all-inclusive resort market in destinations such as the Dominican Republic and Jamaica. The acquisition is expected to be completed later this year. To fund the purchase, Hyatt plans to issue new debt financing. Notably, Hyatt already holds 9.4% of Playa’s outstanding shares, with the company agreeing to pay $13.50 per share for the remaining stake.
Source: https://www.bloomberg.com/news/articles/2025-02-10/hyatt-to-buy-all-inclusive-resort-owner-playa-for-2-6-billion