Hyatt completed the acquisition of the remaining 90.6% stake in Playa Hotels & Resorts for $2.6bn.

Hyatt, an American multinational hospitality company, completed the acquisition of the remaining 90.6% stake in Playa Hotels & Resorts, an all-inclusive oceanfront resorts owner, operator and developer, for $2.6bn. “As we welcome Playa into the Hyatt family, we are strengthening our leadership in the all-inclusive space through a combination of new locations, capabilities, and talent. Playa’s all-inclusive management platform complements Hyatt’s global scale and brand strength, enabling us to deliver compelling experiences for guests and members while driving strong performance for owners,” Mark Hoplamazian, Hyatt President and Chief Executive Officer.