(IN SHORT) Hyatt Hotels Corporation has entered into a $2.6 billion agreement to acquire Playa Hotels & Resorts, a leading operator of all-inclusive resorts in Mexico, the Dominican Republic, and Jamaica. This acquisition, which includes approximately $900 million in debt, strengthens Hyatt’s position in the all-inclusive resort market, expanding its Hyatt Ziva and Hyatt Zilara… Read the full press release
Tag Archives: all-inclusive resorts
Hyatt Hotels Corporation completes investment in its wholly owned all-inclusive resorts subsidiary Playa Hotels & Resorts B.V.
CHICAGO, 2013-08-16 — /travelprnews.com/ — Hyatt Hotels Corporation (NYSE: H) today announced that a wholly owned Hyatt subsidiary has closed a previously announced investment in Playa Hotels & Resorts B.V.(“Playa”), a company that has been formed to own, operate and develop all-inclusive resorts. This transaction allows Hyatt to increase its resort presence in Latin America and… Read the full press release