Hyatt's Playa acquisition has big impact on Hilton's all-inclusive portfolio
With Hyatt nearing the completion of its acquisition of Playa Hotels & Resorts, Hyatt plans to convert five of Playa's all-inclusive resorts to Hyatt-owned brands. Four of those resorts are currently Hiltons.
According to a research note from Baird Equity Research's Michael Bellisario, the impacted properties are the Hilton Playa del Carmen, which is switching to the Hyatt Vivid brand; the Hilton La Romana family and adults-only resorts in the Dominican Republic, which will switch to Dreams and Secrets; and the Hilton Rose Hall in Jamaica, which is reflagging to Dreams.
Additionally, the Wyndham Alltra Cancun is becoming the Sunscape Cancun Resort & Spa.
The Jewel Grande Montego Bay Resort & Spa in Jamaica and the Wyndham Alltra Playa del Carmen appear to be remaining under their current branding. (Playa owns the Jewel brand.)
The conversions reduce Hilton's all-inclusive portfolio to a dozen properties across Mexico, Curacao, the Dominican Republic, Greece and Turkiye. While Bellisario said losing those resorts won't likely have a material impact on Hilton's earnings, he called it a "strategic loss."
Playa's Hyatt-branded portfolio includes the Hyatt Ziva Cancun, Hyatt Zilara Cancun, Hyatt Ziva Los Cabos and Hyatt Ziva Puerto Vallarta in Mexico; the Hyatt Ziva Cap Cana and Hyatt Zilara Cap Cana in the Dominican Republic; and the Hyatt Ziva Rose Hall and Hyatt Zilara Rose Hall in Jamaica.
Hyatt struck the deal to acquire Playa for approximately $2.6 billion in February.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
%3Amax_bytes(150000)%3Astrip_icc()%2Ftal-amazon-one-off-these-new-palazzo-pants-are-so-comfy-id-ditch-my-jeans-for-them-tout-75f4f66c70094cd2af5bffbe2d9e44f6.jpg&w=3840&q=100)
Travel + Leisure
3 hours ago
- Travel + Leisure
Travelers Are Packing These Comfy Palazzo Pants Instead of Jeans This Summer—and They're Just $35 at Amazon
The topic of traveling with jeans is so divisive: I know people who refuse to pack them and others who won't wear anything but jeans on a plane. I fall somewhere in the middle. I won't fly in them, but I hesitate to travel without a versatile pair of jeans that I can easily style for just about any occasion. Are they the heaviest item in my suitcase? Almost always. Do I regret packing them? Most of the time. Until the sartorial world of comfy travel pants burst open in recent years, options were limited. Now, I see myself traveling in flowy palazzo pants instead of heavy, restrictive denim. Reviewers make a convincing case for these new Amazon capris being a casual-but-not-too-casual default. Here's why they say they've found their new favorite travel pants. 'I was looking for a new pair of travel pants for a trip to Mexico,' one shopper said. 'I wanted something loose-fitting and comfy, and these definitely fit the bill.' They liked that the smocked waistline 'has plenty of give' and can comfortably sit high on the waist or low on the hips. The fabric is 'lightweight, but not super thin,' which makes the pants a perfect fit for a hot destination. Others agree that the relaxed style and breezy material make a perfect match for summer. The Anrabess palazzo pants, released at Amazon last fall, are a subtle take on the current 'barrel pants' trend. But instead of a bold curved leg, they create the illusion of a bowed shape with the angled hem. The pants are cropped above the ankle, allowing for optimal airflow and endless shoe pairings. 'Throw on low heels or Birkenstocks,' a traveler says, depending on what your itinerary has in store. In terms of versatility, people say they can wear them anywhere, from the beach to the office. The deep side pockets make them especially practical for travel. They come in 18 colors, each for $35. Summer vacations are coming up, and these couldn't be more worthy of packing. Read on for more comfortable palazzo-style travel pants we found at a similar price point, and finally, make better use of all that suitcase space your jeans usually take up. At the time of publishing, the price started at $35. Love a great deal? Sign up for our T+L Recommends newsletter and we'll send you our favorite travel products each week.
Yahoo
3 hours ago
- Yahoo
Beloved American toy company sends harsh message to workers
Beloved American toy company sends harsh message to workers originally appeared on TheStreet. There's been considerable debate this year over tariffs. Proponents argue they're the best way to reinvigorate US manufacturing activity, while opponents say they're a costly tax that will push inflation higher and crimp profits, leading to job losses. The reality may wind up somewhere in the middle, but for increasingly more workers the tariff fallout is already taking a toll. The toymaker Hasbro, one of the largest U.S. toy companies, has announced it will lay off 150 workers in a cost-cutting move designed to offset some of the bite associated with increased import costs. Hasbro's decision continues an alarming trend of layoffs. Through May this year, over 696,000 people have been laid off, up 80% from last year. The move is the latest by Hasbro to keep its business in the black amid a host of challenges associated with tariffs impacting its bottom line. Many companies pulled some imports forward this year to avoid President Trump's tariff announcements. Still, that inventory is expected to have been mostly sold to customers soon, increasing the likelihood of layoffs and price increases. The President enacted 25% tariffs on Canada and Mexico in February, but the tariffs placed on China have dealt the biggest blow to the toy industry in February, a 10% tariff was imposed on Chinese imports, which increased to 20% in March. In April, an additional 34% tariff was levied on China, kickstarting a trade war that, at its peak, lifted US-China tariffs to 145% and China tariffs on US goods to 125%; essentially shutting down trade between the two countries. In May, the tit-for-tat tariff tussle de-escalated to allow for trade negotiations. However, 30% tariffs remain on China, and coupled with tariffs enacted during Donald Trump's first term, Chinese tariffs exceed 50%. The tariffs will likely push costs higher on many items, given that the US has increasingly turned to low-cost China as a source of goods since China's admission into the World Trade Organization in 2001. Many industries, from clothing to car parts and electronics, have been hard hit, but toymakers are among those businesses that have suffered the most significant blow. According to S&P Global, Mattel and Hasbro source 50% and 40% of their toys from mainland China, despite moves in recent years to shift production elsewhere. Unsurprisingly, Hasbro discussed the impact of tariffs during their recent first-quarter earnings conference calls with shareholders.'Ultimately, tariffs translate into higher consumer prices, potential job losses as we adjust to absorb increased costs and reduced profits for our shareholders,' said Hasbro CEO Chris Cocks in April. S&P Global doesn't expect the toy industry to grow this year, so demand isn't likely to insulate Hasbro from the hit to its profit margin delivered by tariffs. Most companies have said that mitigating higher import taxes will require three major moves: supplier concessions, higher customer prices, and lower Q1, Hasbro said tariff impacts would range between $100 million and $300 million in 2025, with most of the effects felt during the final two quarters of 2025. After accounting for efforts to offset tariffs, Hasbro expects them to ding profits by $60 million to $180 million. Hasbro plans to shave $1 billion in costs over the next few years, including via job cuts. Since 2023, Hasbro has reduced its headcount by 1,900 workers. The latest round of cuts involves 150 workers, or roughly 3% of Hasbro's employees. However, the job losses aren't likely to fully absorb the tariffs hit. 'Targeted pricing actions remain likely,' said CEO Chris Cocks on Hasbro's conference call. 'Even with Hasbro's relative strength and flexibility, logistics are becoming more complex…Ultimately, tariffs translate into higher consumer prices, potential job losses as we adjust to absorb increased costs and reduced profits for our shareholders.' The layoff decision comes after Hasbro's consumer products revenue decreased 4% year over year to $398 million in the first quarter. The segment's adjusted operating loss totaled $31 million during the quarter. Among the bright spots helping Hasbro navigate the challenges are Magic: The Gathering, which saw sales soar 45% year over year in the quarter, and digital games. Most of Hasbro's Wizards products are produced in North Carolina and Texas, with the remainder from Kyoto, Japan. Monopoly Go! strength helped its Digital Gaming segment grow 56% in Q1. Net revenue in the first quarter was $887 million, up 17% from the prior year, while adjusted earnings per diluted share rose 70% to $ American toy company sends harsh message to workers first appeared on TheStreet on Jun 18, 2025 This story was originally reported by TheStreet on Jun 18, 2025, where it first appeared.
Yahoo
5 hours ago
- Yahoo
Pioneer Acquisition I Corp Announces Pricing of $220,000,000 Initial Public Offering
BROOKLYN, N.Y., June 17, 2025 (GLOBE NEWSWIRE) -- Pioneer Acquisition I Corp (Nasdaq: PACHU) (the 'Company') announced today the pricing of its initial public offering of 22,000,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market ('Nasdaq') and trade under the ticker symbol 'PACHU' beginning June 18, 2025. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols 'PACH' and 'PACHW', respectively. The underwriter has been granted a 45-day option to purchase up to an additional 3,300,000 units offered by the Company to cover over-allotments, if any. The offering is expected to close on June 20, 2025, subject to customary closing conditions. The Company is a blank check company incorporated as an exempted company under the laws of the Cayman Islands, which will seek to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Cantor Fitzgerald & Co. acted as the sole book-running manager of the offering. Odeon Capital Group LLC acted as co-manager of the offering. Winston & Strawn LLP is serving as legal counsel to the Company. Ellenoff Grossman & Schole LLP is serving as legal counsel to Cantor Fitzgerald & Co. A registration statement on Form S-1 (333-287656) relating to these securities has been filed with the Securities and Exchange Commission ('SEC'), and was declared effective on June 17, 2025. The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email: prospectus@ or from the SEC website at This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC's website, Contacts Pioneer Acquisition I CorpMr. Mitchell CreemChief Executive Officer and Director131 Concord StreetBrooklyn, NY 11201Email: creem@ in to access your portfolio
