Playa Hotels & Resorts N.V. to be Acquired by Hyatt in All-Cash Transaction

Core Viewpoint - Playa Hotels & Resorts N.V. has entered into an agreement with Hyatt Hotels Corporation for the acquisition of all outstanding shares of Playa at a price of $13.50 per share, representing a 40% premium over Playa's stock price prior to the announcement of exclusive discussions with Hyatt [1][2]. Company Overview - Playa Hotels & Resorts N.V. is a leading owner, operator, and developer of all-inclusive resorts located in prime beachfront areas in Mexico, Jamaica, and the Dominican Republic, managing a total portfolio of 24 resorts with 8,627 rooms under various brands including Hyatt Zilara, Hyatt Ziva, and Hilton All-Inclusive [4]. Transaction Details - The acquisition is expected to close later in the year, pending approval from Playa's shareholders and regulatory bodies, along with other customary closing conditions [3]. - PJT Partners LP is acting as the financial advisor for Playa, while Hogan Lovells and NautaDutilh N.V. are providing legal counsel [3]. Management Commentary - The Chairman and CEO of Playa expressed confidence that the transaction maximizes shareholder value and highlighted the longstanding partnership with Hyatt as instrumental to Playa's success [2]. - The transaction is seen as a validation of Playa's strong portfolio and management capabilities, aiming to enhance the all-inclusive experience for guests [2].