Playa Hotels Enters Exclusive Talks with Hyatt on Strategic Options

Playa Hotels & Resorts N.V. has confirmed it is in exclusive negotiations with Hyatt Hotels Corporation regarding potential strategic options, including a possible acquisition. The exclusivity agreement is effective until February 3, 2025, or the signing of a definitive agreement.

Playa’s Board of Directors has been exploring ways to maximize shareholder value and has engaged with several potential partners. "We are pleased to enter exclusive discussions with Hyatt, which reflects the strength of our business and team," said Bruce D. Wardinski, Chairman and CEO of Playa.

While discussions are ongoing, there is no guarantee of a finalized agreement or transaction. Playa will provide updates only if further disclosure is deemed necessary or required.