Reported about 17 hours ago
Hyatt Hotels has announced its acquisition of Playa Hotels & Resorts for $2.6 billion, enhancing its all-inclusive resort offerings in the Caribbean and Mexico. The deal, which comes after Hyatt's long-term investment in Playa, includes 24 resorts and is expected to close later this year. Hyatt plans to sell certain real estate assets while maintaining management contracts and aims to convert non-Hyatt branded Playa properties into its own brands. This move is part of a broader trend in the growing premium all-inclusive market, catering to post-pandemic high-end travelers.
Source: YAHOO