Hyatt expands in Caribbean, Mexico with $2.6 billion Playa Hotels acquisition
By Aishwarya Jain (Reuters) -Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, the company said on Monday, seeking to boost its presence in Mexico and the Caribbean.
Hyatt to acquire Playa Hotels & Resorts in Mexico, Jamaica and Dominican Republic for $2.6B
Playa Hotels & Sorts owns and operates all-inclusive resorts in Mexico, the Dominican Republic and Jamaica. Popular resorts include Wyndham Alltra in Playa del Carmen, Mexico; Jewel Grande Resort & Spa in Montego Bay, Jamaica; and Seadust Cancun Family Resort in Cancun, Mexico.
Hyatt’s bold acquisition of Playa Hotels & Resorts heralds a new era for Caribbean luxury travel
Santo Domingo.- Hyatt is set to usher in a new era of luxury travel in the Caribbean with its recent announcement to acquire Playa Hotels & Resorts N.V. in a high-profile all-cash transaction. This strategic move will reshape the all-inclusive resort segment across key destinations,
Hyatt To Expand All-Inclusive Portfolio With $2.6B Acquisition Of Playa Hotels & Resorts
Hyatt Hotels Corp. will acquire Playa Hotels & Resorts, an owner and operator of all-inclusive Caribbean lodging real estate, for $2.6B. Hyatt, which already owned 9.4% of Playa, agreed to pay $13.50 per outstanding share, the hotel chain announced Monday.
Hyatt to acquire Playa Hotels for $2.6 billion to expand in Caribbean, Mexico
Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net of cash, the company said on Monday, seeking to boost its presence in Mexico and the Caribbean. The acquisition follows rising interest in upscale and luxury offerings outside the U.
Hyatt to Buy Caribbean Resort Owner Playa for $2.6 Billion
Hyatt Hotels Corp. struck a deal to purchase Playa Hotels & Resorts NV for about $2.6 billion, expanding its reach into the all-inclusive resort market in countries including the Dominican Republic and Jamaica.
Hyatt Bets on Growth of All-Inclusives With $2.6B Playa Hotels Acquisition
Key Takeaways Hyatt is continuing to bet on the all-inclusive industry as a growth area for travel, buying resort operator Playa Hotels for roughly $2.6 billion.The hotel chain will pay Playa stockholders $13.
Hyatt to acquire Playa Hotels & Resorts for $2.6 billion
CHICAGO - Hyatt Hotels Corporation (NYSE: NYSE:H) has reached an agreement to acquire Playa Hotels & Resorts N.V. (NASDAQ: NASDAQ:PLYA) for $13.50 per share, totaling approximately $2.6 billion, which includes around $900 million of Playa's debt,
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