Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net of cash, the company said on Monday.Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net of cash, the company said on Monday.
Hyatt HotelsPlaya Hotels & Resorts
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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