Hyatt to acquire the remaining 90.6% stake in Playa Hotels & Resorts for $2.6bn.

Hyatt, an American multinational hospitality company, agreed to acquire the remaining 90.6% stake in Playa Hotels & Resorts, an all-inclusive oceanfront resorts owner, operator and developer, for $2.6bn. “Hyatt has firmly established itself as a leader in the all-inclusive space, a journey that began in 2013 through an investment in Playa Hotels & Resorts that launched the Hyatt Ziva and Hyatt Zilara brands. This pending transaction allows us to broaden our portfolio while providing more value to all of our stakeholders through an expanded management platform for all-inclusive resorts,” Mark Hoplamazian, Hyatt President and CEO.