Hyatt Hotels Corporation (H) has announced an agreement stating the acquisition of Playa Hotels & Resorts N.V. (PLYA) in an all-cash transaction.Per the agreement, an indirect wholly owned subsidiary of Hyatt will acquire all outstanding shares of Playa Hotels for $13.50 per share. The buyout is expected to close in the latter half of 2025 upon satisfying regulatory approvals and other customary closing conditions.Through this strategic transaction, Hyatt will be offering a 40% premium to Playa Hotels’ shar ...

Hyatt Hotels Corporation (H) is scheduled to report fourth-quarter 2024 results on Feb. 13, before the opening bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, adjusted earnings per share (EPS) of 94 cents topped the Zacks Consensus Estimate of 90 cents by 4.4%. The reported figure rose 27% from the year-ago quarter’s 74 cents.The company’s earnings beat estimates in three of the trailing four quarters and missed in one, delivering an average surpri ...

Key TakeawaysHyatt 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 $13.50 per share, with the deal expected to close later this year.Hyatt called the deal a "next step on a significant growth journey for Hyatt's all-inclusive portfolio." Hyatt Hotels (H) is betting on the all-inclusive resort industry as a new growth area with its $2.6 billion acquisition of Playa Hotels a ...

Analysts on Wall Street project that Hyatt Hotels (H) will announce quarterly earnings of $0.65 per share in its forthcoming report, representing an increase of 1.6% year over year. Revenues are projected to reach $1.63 billion, declining 1.7% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. ...

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.S. as more Americans take advantage of a stronger dollar.Playa runs 24 high-end, all-inclusive resorts across Mexico, Jamaica and the Dominican Republic. Hyatt has offered $13.50 per Playa share held, representing a 40.5% premium to its last ...

Hyatt Hotels (H) shares ended the last trading session 4.9% higher at $166.34. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.1% gain over the past four weeks.Hyatt Hotels' rally is buoyed by optimism regarding its ongoing discussions with Playa Hotels & Resorts. On Feb. 3, 2025, the company announced an extension of its exclusivity agreement with Playa, allowing more time to explore potential strategic alternat ...

Investment Community Teleconference Set for February 20, 2025 at 8 a.m. ETTORONTO, Jan. 17, 2025 /PRNewswire/ - Hydro One Limited (TSX: H), the largest electric transmission and distribution utility in Ontario, plans to release its fourth quarter financial results the morning of February 20, 2025, before North American financial markets open. A summary of the results will be distributed by newswire and the complete MD&A and financial statements will be posted at www.hydroone.com/investors and www.sedarplus. ...

Building upon its expansion in the all-inclusive segment, Hyatt Hotels Corporation (H) entered a long-term, asset-light strategic joint venture (JV) with Grupo Piñero. The partnership, headquartered in Palma de Mallorca, Spain, will oversee Bahia Principe Hotels & Resorts properties and own the Bahia Principe brand. This move enhances the company’s presence in the growing all-inclusive market.The 50/50 joint venture broadens Hyatt’s portfolio, creating more opportunities for guests and World of Hyatt member ...

Hyatt Hotels Corporation (H) has left no stone unturned to expand its portfolio and strengthen the company’s position in the hospitality sector. The company is not only focusing on new hotel openings but also concentrating on acquisitions.Recently, the company entered into exclusive discussions with Playa Hotels & Resorts N.V. (PLYA) regarding potential strategic options, including the possible acquisition of Playa.Playa Hotels & Resorts, known for its all-inclusive resort offerings, presents an attractive ...

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