Hyatt Buys Playa for $2.6 Billion in Bet on All-Inclusive Resorts
Photo Credit: Aerial view of Jewel Palm Beach Resort run by Playa Hotels and Resorts and offered by Hyatt. Playa Hotels and Resorts
Skift Take
The acquisition positions Hyatt to capitalize on the growing demand for luxury all-inclusive experiences, while adding significant scale to its resort portfolio in key leisure destinations where development opportunities are limited.
Hyatt Hotels said on Monday it would acquire Playa Hotels & Resorts in a deal valued at $2.6 billion, marking a significant expansion of its all-inclusive resort portfolio in the Caribbean and Mexico.
Hyatt is gaining additional operational expertise in the all-inclusive space and instant scale in resort hotspots in the Caribbean and Mexico, where development opportunities are limited.
Hyatt invested in Playa for over a decade and had a 9.4% stake before this
