Hospitality giant Hyatt will soon acquire Playa Hotels & Resorts for about $2.6 billion, the corporation announced on Monday. Currently, Hyatt owns 9.4% of Playa's shares and when the acquisition ...

Hyatt Hotels said on Monday it would acquire Playa Hotels & Resorts in a deal valued at $2.6 billion, marking a significant expansion of its all-inclusive resort portfolio in the Caribbean and Mexico.

Playa is a leading owner and operator of all-inclusive resorts in Mexico, the Dominican Republic and Jamaica and Hyatt is currently the beneficial owner of 9.4% of Playa’s outstanding shares.

Playa Hotels & Resorts N.V. (PLYA) confirmed it has entered into an agreement with Hyatt Hotels Corporation (H) under which an indirect wholly owned subsidiary of Hyatt will acquire all ...