Hyatt in Talks to Buy Playa Hotels in All-Inclusive Resort Push
Skift Take
Ever since Hyatt acquired Apple Leisure Group for $2.7 billion in 2021, it has been expanding its presence in the all-inclusive resort segment, which has gone upscale in recent years.
Hyatt Hotels said Monday it's in exclusive talks to potentially acquire Playa Hotels & Resorts, a move that would significantly expand its presence in the upscale all-inclusive resort market across the Caribbean and Mexico.
The announcement comes after Playa's board evaluated multiple opportunities to maximize shareholder value, engaging with several potential buyers.
No purchase price was publicly proposed, and the companies declined an immediate request for further comment on the talks.
“This would be a highly complementary acquisition for Hyatt," said Alan Woinski, editor of Skift's Daily Lodging Report. "They already work with Playa on a few Hyatt r
