Hyatt to Acquire Playa Hotels & Resorts in $13.50 Per Share All-Cash Deal
Hyatt Hotels Corporation has reached an agreement to acquire Playa Hotels & Resorts N.V. in an all-cash transaction valued at $13.50 per share, representing a 40% premium over Playa’s unaffected stock price. This strategic acquisition, following an extensive review process, aims to maximize value for shareholders while strengthening Hyatt’s position in the all-inclusive luxury market.
"We are pleased to enter into this agreement with Hyatt and look forward to delivering the many benefits of the transaction," said Bruce D. Wardinski, Chairman and CEO of Playa Hotels & Resorts. "After engaging with multiple potential buyers, our Board determined that this deal best serves the interests of Playa and its stakeholders." The agreement underscores Playa’s commitment to growth and recognizes the success of its beachfront luxury resorts and signature Service from the Heart hospitality.
Playa and Hyatt have maintained a longstanding partnership, with Playa operating several Hyatt-branded all-inclusive resorts. Wardinski emphasized that this transaction reflects Playa’s strong portfolio and management expertise, positioning its properties for continued success under Hyatt’s global brand and operational excellence. The acquisition aligns with Hyatt’s strategy to expand its all-inclusive offerings and enhance its presence in high-demand leisure markets.
The deal remains subject to Playa shareholder approval, regulatory clearance, and customary closing conditions, with completion expected later this year. Playa has enlisted PJT Partners LP as financial advisor, while Hogan Lovells and NautaDutilh N.V. serve as legal counsel.
This acquisition further cements Hyatt’s commitment to the luxury resort sector, reinforcing its leadership in the fast-growing all-inclusive segment. With Playa’s premier properties joining Hyatt’s portfolio, travelers can expect enhanced experiences and continued innovation in beachfront luxury stays.
