Hyatt to acquire Playa Hotels for $2.6 billion to expand in Caribbean, Mexico​on February 10, 2025 at 2:56 pm

Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net of cash, the company said on Monday, seeking to expand its presence in Mexico and the Caribbean.

Playa operates resorts in Mexico, the Dominican Republic and Jamaica.

Hyatt, which currently owns 9.4% of Playa’s outstanding shares, expects the transaction to close later this year.

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