Hyatt Hotels announced a deal to acquire the remainder of Playa Hotels stock that it didn't already own. Learn about my views on this deal.

Hyatt Hotels has agreed to acquire Playa Hotels & Resorts for roughly $2.6 billion, including $900 million in debt.

By Aishwarya Jain (Reuters) -Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, the company said on Monday, seeking to boost its presence in Mexico and the Caribbean.

Hyatt said it would acquire all-inclusive Playa Hotels & Resorts for $2.6 billion to gain Latin American resorts.

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 Corporation H has announced an agreement stating the acquisition of Playa Hotels & Resorts N.V. PLYA in an all-cash transaction. Per the agreement, an indirect wholly owned subsidiary of Hyatt will acquire all outstanding shares of Playa Hotels for $13.