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 acquiring resort operator for $2.6B
The hotel company is adding to its all-inclusive resort portfolio with Playa’s 24 properties, with plans to flip the assets
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 acquire Playa Hotels for US$2.6 billion, expand in Caribbean
Hyatt Hotels has announced that it has entered into an agreement to acquire all outstanding shares of Playa Hotels & Resorts for approximately US$2.6 billion, including approximately $900 million of debt,
Hyatt to Acquire Playa Hotels for $2.6 Billion
(Reuters) - Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net of cash, the company said on Monday, seeking to expand its presence in Mexico and the Caribbean. Playa operates resorts in Mexico, the Dominican Republic and Jamaica.
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.
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Hyatt Buys Playa for $2.6 Billion in Bet on All-Inclusive Resorts
Hyatt said it would acquire all-inclusive Playa Hotels & Resorts for $2.6 billion to gain Latin American resorts.
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