Hyatt Hotels has announced plans to acquire Playa Hotels & Resorts for $2.6bn, with Playa’s portfolio featuring 24 resorts across the Caribbean and Latin America, most notably the Hilton Playa del Carmen in Mexico.
The deal includes a share price of $13.50, effectively taking on $900m in debt, with the transaction anticipated to close in 2025, pending shareholder and regulatory approval.
Hyatt aims to achieve $2bn in real estate sales by 2027, leveraging proceeds to support the acquisition while focusing on converting non-Hyatt branded resorts within Playa’s collection.
The acquisition enhances Hyatt’s footprint in the all-inclusive resort market, expanding its portfolio with the addition of several properties currently managed under other hotel brands.
