Overview

• Hyatt will acquire Playa Hotels & Resorts for $2.6 billion, including $900 million in debt, paying Playa shareholders $13.50 per share.
• The deal offers Playa shareholders a 40% premium on the company's stock price prior to acquisition discussions being disclosed.
• Hyatt aims to fund the acquisition through new debt financing and plans to sell properties to pay off 80% of the debt by 2027.
• This acquisition strengthens Hyatt's position in the all-inclusive resort market, adding over 8,600 rooms across two dozen Playa-operated resorts.
• The transaction aligns with Hyatt's asset-light growth strategy and is expected to close by the end of 2025, pending regulatory and shareholder approvals.