Hyatt Buys Playa for $2.6 Billion

Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net of cash, the company said on Monday, ...
Playa Hotels & Sorts owns and operates all-inclusive resorts in Mexico, the Dominican Republic and Jamaica. Popular resorts ...
Hyatt already holds a 9.4% stake in Playa and offered to pay the hotel group $13.50 per share for the purchase.
Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net of cash, the company said on Monday, ...