Hyatt Set to Enrich Its Product Portfolio by Acquiring Playa Hotels

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 ...