Hyatt Buys Playa Hotels In $2.6 Billion Doubling Down Into All-Inclusives
Hyatt will acquire all outstanding shares of Playa Hotels at $13.50 per share, valuing it at $2.6 billion inclusive of $900 million debt. That's a 40% premium over the company's market cap prior to revealing talks over the sale. Hyatt plans to sell the physical hotel properties, and they anticipate this will generate approximately $2 billion by the end of 2027. The non-Hyatt branded properties seem likely to convert to Hyatt brands over time. Continue reading Hyatt Buys Playa Hotels In $2.6 Billion Doubling Down Into All-Inclusives...
Hyatt will acquire all outstanding shares of Playa Hotels at $13.50 per share, valuing it at $2.6 billion inclusive of $900 million debt. That's a 40% premium over the company's market cap prior to revealing talks over the sale. Hyatt plans to sell the physical hotel properties, and they anticipate this will generate approximately $2 billion by the end of 2027. The non-Hyatt branded properties seem likely to convert to Hyatt brands over time.
Continue reading Hyatt Buys Playa Hotels In $2.6 Billion Doubling Down Into All-Inclusives...
