Hyatt Hotels has agreed to acquire Playa Hotels & Resorts for roughly $2.6 billion, including $900 million in debt.

Hyatt Hotels announced a deal to acquire the remainder of Playa Hotels stock that it didn't already own. Learn about my views on this deal.

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 Corporation (NYSE: H) today announced that Hyatt has entered into an agreement to acquire all outstanding shares of Playa Hotels & Re

Hyatt Hotels Corp. will acquire Playa Hotels & Resorts, an owner and operator of all-inclusive Caribbean lodging real estate, for $2.6B. Hyatt, which already owned 9.4% of Playa, agreed to pay $13.50 per outstanding share, the hotel chain announced Monday.

Hyatt is taking over all-inclusive company Playa Hotels & Resorts for $2.6 billion. Playa operates 24 resorts in Mexico, Jamaica and the Dominican Republic representing more than 9,000 rooms under multiple brands. The US hotel group also plans to realise $2 billion from asset sales over two years.

Hyatt Hotels Corporation H has announced an agreement stating the acquisition of Playa Hotels & Resorts N.V. PLYA in an all-cash transaction. Per the agreement, an indirect wholly owned subsidiary of Hyatt will acquire all outstanding shares of Playa Hotels for $13.

Hyatt said it would acquire all-inclusive Playa Hotels & Resorts for $2.6 billion to gain Latin American resorts.