Hyatt Hotels Corp Enters into Agreement to Acquire Playa Hotels & Resorts: A Strategic Expansion into the All-Inclusive Sector

Hyatt Hotels Corporation, a well-established name in the hospitality industry, has recently made a significant move towards broadening its reach within the all-inclusive resort sector. On February 9, 2025, Hyatt announced the signing of a Purchase Agreement with Playa Hotels & Resorts N.V., a leading company in the all-inclusive resort segment.

Under the terms of the agreement, Hyatt, a Delaware corporation, will initiate a tender offer to purchase all outstanding ordinary shares of Playa Hotels & Resorts N.V. at a cash price of $13.50 per Share. This offer remains open until the early hours of the day following either 21 business days from the start of the offer or six business days post an extraordinary general meeting of Playa’s shareholders, whichever occurs later unless an extension is decided upon.

Additionally, once the conditions of the initial offer are met, a subsequent offering period will be kickstarted. During this period, all necessary regulatory approvals and shareholder resolutions will be sought to complete the acquisition. Following this acquisition, Playa Hotels & Resorts N.V. is expected to become a wholly-owned subsidiary of Hyatt, leading to the delisting of Playa’s shares and the cessation of its reporting obligations under the Exchange Act.

The Purchase Agreement stipulates various conditions that must be satisfied, including shareholder approvals and regulatory clearances. Notably, Hyatt has secured substantial committed debt financing to facilitate the transaction.

Moreover, Hyatt has obtained significant shareholder and board support for the acquisition. Key executives and directors holding approximately 9.8% of Playa’s shares have entered into tender and support agreements to participate in the offer and support the related shareholders’ resolutions.

The strategic move by Hyatt marks a significant expansion of its all-inclusive portfolio. Furthermore, this acquisition aligns with Hyatt’s focus on enhancing its management platform for all-inclusive resorts and presents opportunities for synergies and value creation across its operations.

The transaction remains subject to Playa shareholder and regulatory approvals and is expected to be finalized later in the year. Following the acquisition, Hyatt intends to identify third-party buyers for Playa’s owned properties and aims to secure substantial proceeds through asset sales.

This announcement reflects Hyatt’s ongoing commitment to strategic growth and underscores its position as a leading player in the hospitality industry. The transaction with Playa signifies a strategic step forward in Hyatt’s journey towards an expanded and diversified business portfolio.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Hyatt Hotels’s 8K filing here.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.