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Hyatt Enters Agreement to Acquire Playa Hotels & Resorts N.V.
CHICAGO, Illinois—Hyatt Hotels Corporation announced that it has entered into an agreement to acquire all outstanding shares of Playa Hotels & Resorts N.V. for $13.50 per share, or approximately $2.6 billion, including approximately $900 million of debt, net of cash. Playa is an owner and operator of all-inclusive resorts in Mexico, the Dominican Republic, and Jamaica, and Hyatt is currently the beneficial owner of 9.4 percent of Playa’s outstanding shares. “Hyatt has firmly established itself […] The post Hyatt Enters Agreement to Acquire Playa Hotels & Resorts N.V. appeared first on LODGING Magazine.
CHICAGO, Illinois—Hyatt Hotels Corporation announced that it has entered into an agreement to acquire all outstanding shares of Playa Hotels & Resorts N.V. for $13.50 per share, or approximately $2.6 billion, including approximately $900 million of debt, net of cash. Playa is an owner and operator of all-inclusive resorts in Mexico, the Dominican Republic, and Jamaica, and Hyatt is currently the beneficial owner of 9.4 percent of Playa’s outstanding shares. “Hyatt has firmly established itself […]
The post Hyatt Enters Agreement to Acquire Playa Hotels & Resorts N.V. appeared first on LODGING Magazine.
