Hyatt completes acquisition of Playa Hotels & Resorts
Hyatt Hotels (H) announced the completed acquisition of Playa Hotels & Resorts (PLYA), a leading owner, operator, and developer of all-inclusive resorts in Mexico, the Dominican Republic and Jamaica. This transaction includes the acquisition of 15 all-inclusive resorts previously managed and owned by Playa. Of these, eight were already represented within Hyatt's system as Hyatt Ziva and Hyatt Zilara properties. As part of the transaction, Hyatt expands its all-inclusive portfolio with the addition of several resorts located in premier beach destinations, including Secrets La Romana and Dreams La Romana in the Dominican Republic; Dreams Rose Hall in Montego Bay, Jamaica; and Hyatt Vivid Playa del Carmen and Sunscape Cancun in Mexico. Hyatt intends to provide additional financial information about the transaction during the Q2 earnings conference call. In connection with the transaction, BDT & MSD Partners served as lead financial advisor to Hyatt, with Berkadia serving as Hyatt's real estate advisor. Latham & Watkins LLP acted as Hyatt's legal advisor.
Confident Investing Starts Here:
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Washington Post
20 minutes ago
- Washington Post
Firms led by US military veterans deliver aid in Africa and Gaza, alarming humanitarian groups
ON A PLANE OVER UPPER NILE STATE, South Sudan — Swooping low over the banks of a Nile River tributary, an aid flight run by retired American military officers released a stream of food-stuffed sacks over a town emptied by fighting in South Sudan , a country wracked by conflict .
Bloomberg
21 minutes ago
- Bloomberg
KKR, GIC Are Among Final Bidders for MasOrange, Zegona Joint Venture
KKR & Co. and GIC Pte. are among the final bidders for a stake in a fiber-optic broadband network venture owned by MasOrange and Zegona Communications Plc, according to people familiar with the matter. The two funds are among the suitors that have entered a second round of the process to buy a 40% stake in the joint venture, the people said, asking not to be identified because the matter is private. A final decision on a sale hasn't been made and MasOrange and Zegona could still decide not to go ahead with one.
Bloomberg
21 minutes ago
- Bloomberg
Cargill Cuts Vietnam Aquafeed Business in Global Restructuring
Cargill Inc. is exiting its aquaculture feed business in Vietnam, following a broader restructuring at the world's largest agricultural commodities trader. The firm said in a statement it is closing down two feed plants and a technical center in the Southeast Asian country, which is a top producer and exporter of aquaculture products. The decision was made after 'a thorough assessment of our aqua business, the industry landscape and competitive market environment,' and is in line with the trader's long-term business strategy, it said.
