Hyatt ups all-inclusive focus with Playa purchase

[vc_row][vc_column][vc_column_text css=”.vc_custom_1560229299047{margin-bottom: 10px !important;}”]

Go back to the e-newsletter

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1739212534599{margin-top: 15px !important;margin-bottom: 15px !important;}”]Hyatt is taking a stronger stance in the all-inclusive segment, agreeing to purchase all outstanding shares of Playa Hotels & Resorts for approximately US$2.6 billion, including approximately US$900 million of debt.

Hyatt currently owns a 9.4% stake in Playa, which owns and operates resorts in Mexico, the Dominican Republic and Jamaica.

“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,” said Mark Hoplamazian, President and Chief Executive Officer, Hyatt.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”169846″ img_size=”full” add_caption=”yes” css=”.vc_custom_1739212429564{margin-top: 15px !important;margin-bottom: 15px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_separator css=”.vc_custom_1739208970794{margin-top: 15px !important;margin-bottom: 10px !important;}”][vc_column_text css=”.vc_custom_1605829610747{margin-bottom: 10px !important;}”]

[/vc_column_text][vc_separator css=”.vc_custom_1739208889965{margin-bottom: 15px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1739212958243{margin-top: 15px !important;margin-bottom: 15px !important;}”]“We have respected and benefitted from Playa’s operating expertise and outstanding guest experience delivery for years through their ownership and management of eight of our Hyatt Ziva and Hyatt Zilara hotels.

“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.”

Playa’s portfolio includes high-quality resorts in iconic locations. The deal provides an opportunity to secure long-term management agreements for Hyatt’s luxury all-inclusive Hyatt Ziva and Hyatt Zilara branded properties. It also will expand Hyatt’s distribution channels, including ALG Vacations and Unlimited Vacation Club, to Playa’s portfolio, offering additional benefits to guests of Playa hotels.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”169847″ img_size=”full” add_caption=”yes” css=”.vc_custom_1739212444086{margin-top: 15px !important;margin-bottom: 15px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1739213059819{margin-top: 15px !important;margin-bottom: 15px !important;}”]This pending acquisition marks the next step on a significant growth journey for Hyatt’s all-inclusive portfolio, including the acquisition of Apple Leisure Group in 2021, and the 2024 completion of a 50/50 strategic joint venture with Grupo Piñero, which added the Bahia Principe Hotels & Resorts portfolio to Hyatt’s Inclusive Collection, which currently spans approximately 55,000 rooms across Latin America, the Caribbean and Europe.

Following the close of the transaction, Hyatt anticipates realising at least US$2 billion of proceeds from asset sales by the end of 2027 and expects asset-light earnings to exceed 90% on a pro forma basis in 2027.

The acquisition is anticipated to close later this year.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1560229304502{margin-bottom: 10px !important;}”]

Go back to the e-newsletter

[/vc_column_text][/vc_column][/vc_row]