The acquisition positions Hyatt to capitalize on the growing demand for luxury all-inclusive experiences, while adding significant scale to its resort portfolio in key leisure destinations where development opportunities are limited.

The hotel company is adding to its all-inclusive resort portfolio with Playa’s 24 properties, with plans to flip the assets

Hyatt Hotels has announced that it has entered into an agreement to acquire all outstanding shares of Playa Hotels & Resorts for approximately US$2.6 billion, including approximately $900 million of debt,