Reported 1 day ago
Hyatt Hotels is in exclusive negotiations for a possible acquisition of Playa Hotels & Resorts, valued at $1.2 billion. The talks, which will last until February 3, come as Playa's board explores opportunities with various potential partners. Playa operates 24 luxury all-inclusive resorts in Mexico and is already in collaboration with Hyatt under several brand names. While there are no guarantees of a deal, the discussions aim to enhance growth amidst current challenges in the hospitality sector.
Source: YAHOO