Hyatt to Acquire Playa Hotels & Resorts for Approximately $2.6 Billion
SHERIDAN, WYOMING – February 12, 2025 – SHERIDAN, WYOMING – Feb. 12, 2025 – Hyatt Hotels Corporation has announced it has entered into a definitive agreement to acquire all outstanding shares of Playa Hotels & Resorts NV for $13.50 per share, or approximately $2.6 billion, inclusive of approximately $900 million of debt, net of cash. Hyatt currently holds a 9.4% beneficial ownership stake in Playa’s outstanding shares.
Leadership Commentary on the Acquisition