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Hyatt to acquire Playa Hotels for $2.6 billion to expand in Caribbean, Mexico

Summary by CNBC

Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net of cash, the company said on Monday.

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Mexico News Daily

Hyatt acquires Playa Hotels for US $2.6B

Hyatt Hotels, headquartered in Chicago, Illinois, announced on Monday that it will acquire Playa Hotels & Resorts for approximately US $2.6 billion, including $900 million in debt. The purchase is part of the Chicago-based hotel group’s plan to expand its presence in Mexico and the Caribbean. Wyndham Alltra in Puerto Vallarta is one of 24 hotels and resorts operated by Playa. (Playa Hotels) “This pending transaction allows us to broaden our po…

10 days ago·Mexico

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Investor's Business Daily

Marriott Misses On Guidance; Hyatt Plans $2.6 Billion Resort Deal

Marriott tops Q4 views. Hyatt announces purchase of resort operator Playa. Wyndham Hotels, Hyatt to report with shares near buy points. The post Marriott Misses On Guidance; Hyatt Plans $2.6 Billion Resort Deal appeared first on Investor's Business Daily.

10 days ago

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Fox Business

Hyatt to acquire Playa Hotels for $2.6B

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 pe…

11 days ago·United States

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CNBC

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.

11 days ago·United States

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Travel Tomorrow

Hyatt to buy Playa Hotels & Resorts in multi-billion deal

On Monday, 10 February, Hyatt has announced it will be acquiring Playa Hotels & Resorts, an owner and operator of all-inclusive resorts in Mexico, the Dominican Republic and Jamaica. The deal is set to be worth approximately $2.6 billion. Hyatt, who already owns 9.4% of Playa’s shares, will be buying all remaining outstanding shares for $13.5 per share. The $2.6 billion deal includes approximately $900 million of debt. “Hyatt has firmly establis…

10 days ago

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flyertalk.com

Hyatt Strengthens Central America & Caribbean Position with Playa Acquisition

The hotelier announced they will acquire all the outstanding shares of Playa Hotels & Resort for $2.6 billion, purchasing the company and their property portfolio. Playa Offers “High-Quality Resorts in Iconic Locations” for Hyatt According to Hyatt, the Playa property portfolio “includes high-quality resorts in iconic locations and strategically important markets.” The properties will ultimately join the Hyatt Ziva and Hyatt Zilara brands. H…

11 days ago

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