Hyatt Buys Playa for $2.6 Billion

By Aishwarya Jain (Reuters) -Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, the company ...
Hospitality giant Hyatt will soon acquire Playa Hotels & Resorts for about $2.6 billion, the corporation announced on Monday.
Hyatt already holds a 9.4% stake in Playa and offered to pay the hotel group $13.50 per share for the purchase.
Hyatt Hotels is set to acquire Playa Hotels & Resorts for $2.6 billion, including $900 million in debt. The move aims to ...