Hyatt Hotels is buying Playa Hotels & Resorts for about $2.6 billion! Playa owns many fancy all-inclusive resorts in Mexico, Jamaica, and the Dominican Republic. This is a big deal because more people are traveling overseas now, and Hyatt wants more resorts in those popular spots.
- Hyatt is paying $13.50 per Playa share.
- This is 40.5% more than the share price before the deal was announced.
- Hyatt plans to sell some of Playa's resorts and make at least $2 billion by 2027.
| Fact | Number |
|---|---|
| Deal Value | $2.6 billion |
| Price per Playa Share | $13.50 |
| Hyatt's expected profit from asset sales by 2027 | $2 billion |
