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Hyatt to Acquire LatAm-Focused Playa Hotels & Resorts for USD 2.6bn

  • EMIS
  • 1 min read

U.S.-based hospitality giant Hyatt Hotels Corporation announced plans to acquire the remaining 90.6% stake it does not already own in Playa Hotels & Resorts for USD 2.6bn, including USD 900mn in net debt.

The deal deepens Hyatt’s strategic commitment to the all-inclusive resort sector, a journey that began in 2013 with its initial investment in Playa. That early partnership led to the successful launch of the Hyatt Ziva and Hyatt Zilara brands, which Playa operates across prime beach destinations in Mexico, Jamaica, and the Dominican Republic.

Through this acquisition, Hyatt will gain access to a portfolio of high-quality beachfront assets, strengthen its operational expertise, and secure long-term management rights over key Hyatt-branded resorts. The move also expands Hyatt’s distribution network by integrating Playa’s properties into its ALG Vacations and Unlimited Vacation Club platforms, enhancing loyalty offerings for guests worldwide.

The transaction reinforces Hyatt’s asset-light growth strategy. While taking over management control, Hyatt plans to divest Playa’s owned real estate, targeting USD 2bn in proceeds by 2027. The acquisition will be funded through new debt financing, with more than 80% of the debt expected to be repaid using proceeds from future asset sales.

This acquisition marks another milestone in Hyatt’s rapid expansion in the all-inclusive space. It follows Hyatt’s 2021 acquisition of Apple Leisure Group and its 2024 joint venture with Grupo Piñero, which added the Bahia Principe Hotels & Resorts to Hyatt’s Inclusive Collection. As a result, Hyatt now boasts over 55,000 rooms in Latin America, the Caribbean, and Europe under its all-inclusive portfolio.

Playa Hotels & Resorts currently owns and/or manages 24 resorts totaling over 8,600 rooms in some of the most sought-after leisure destinations. Meanwhile, Hyatt’s broader portfolio spans more than 1,300 hotels and all-inclusive properties across over 70 countries and six continents, cementing its position as one of the world’s leading hospitality companies.

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