Playa Hotels Stock Pops on Acquisition Negotiations With Hyatt

Key TakeawaysShares of Playa Hotels jumped Monday after the hotel operator said it is in discussions to be acquired by Hyatt Hotels.The exclusivity agreement Playa and Hyatt signed will run until either a deal is reached, or through Feb. 3.Playa operates two dozen resorts across Jamaica, the Dominican Republic, and Mexico, including collaborations with Hyatt, Wyndham, and Hilton. Playa Hotels' (PLYA) shares surged Monday after the resort operator said it has entered into an agreement to explore a potential ...